EPRS Admin By / October 18, 2017

EU trade with Australia

EU trade with Australia

EU trade with Australia

The trade relationship between the EU and Australia is asymmetrical despite both having highly developed economies. With a share of 1.3 %, Australia was the EU’s 19th largest goods trading partner in 2016. By comparison, the EU’s share in Australia’s trade in goods was the second largest, 14.9 %, behind China. In 2016, the value of the total trade in goods between the EU and Australia amounted to approximately €45 billion (see Figure 1). Around 87 % of EU exports to Australia were manufactured goods, including machinery and transport equipment and chemicals (46.3 % and 20.3 % of total exports, respectively). Primary products accounted for 40.2 % and manufactured goods for 20 % of EU imports from Australia. Imported products included 25.1 % fuels and mining products and 15.1 % agricultural products. In 2016, Australia was the third-largest hard coal exporter to the EU, with a share of 15.8 %.


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