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 %.
EU trade with Australia
Categories:
Related Articles
Visit the European Parliament page on
Visit the European Parliament page on
We write about
RSS Link to Scientific Foresight (STOA)
RSS Link to Members’ Research Service
Blogroll
Disclaimer and Copyright statement
The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2019. All rights reserved.
Be the first to write a comment.