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Foreign Trade (As % of GDP) in Australia

Source: World Bank
Last Updated: Aug 2, 2021

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.

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