Foreign trade as a share of GDP reached 44.0 % in 2020 in Australia, according to the National Statistical Office. This is 3.79 % less than in the previous year.
Historically, foreign trade as a share of GDP in Australia reached an all time high of 45.8 % in 2009 and an all time low of % in. When compared to Australia's main peers, foreign trade as a share of GDP in Indonesia amounted to 33.2 % and 117 % in Malaysia in 2020.
Australia has been ranked 108th within the group of 133 countries we follow in terms of foreign trade as a share of GDP, 48 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.