Australia

Oceania
Australia world map

Trade in Australia

Australia was the world’s 21st largest exporter of goods and 28th largest exporter of commercial services in 2022. Export values were $412.68 billion and $50.61 billion USD respectively. Australia’s top export category was Fuels and mining products, followed by Agricultural products, and Manufactures. In 2022, Australia’s main export destination markets for goods and services trade were to China, Japan and Korea, Republic of , with trade representing 45.14 per cent of GDP. In terms of imports, Australia is the world’s 25th largest importer of goods and 26th largest importer of commercial services. Import values were $309.19 billion and $63.69 billion USD respectively in 2022. Australia’s top import category was Manufactures, followed by Machinery and transport equipment and Fuels and mining products. Leading import partners were China, United States and Japan. Australia is part of 19 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and Australia – Chile.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Commonwealth of Australia

Abbreviation

AU

Capital

Canberra

WTO Membership Date

1 January 1995

Legal System

common law system based on the English model

Language

English (de facto)

Number of Time Zone(s)

9

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Australian dollar

Exchange Rate

 Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.

  • ABN AMRO Bank NV Melbourne - Melbourne, Australia - SWIFT: ABNAAU2B

  • Australia and New Zealand Banking Group Limited Adelaide - Adelaide, Australia - SWIFT: ANZBAU5AXXX

  • Australia and New Zealand Banking Group Limited Brisbane - Brisbane, Australia - SWIFT: ANZBAU4BXXX

  • Australia and New Zealand Banking Group Limited Melbourne - Melbourne, Australia - SWIFT: ANZBAU3MXXX

  • Australia and New Zealand Banking Group Limited Perth - Perth, Australia - SWIFT: ANZBAU6PXXX

  • Australia and New Zealand Banking Group Limited Sydney - Sydney, Australia - SWIFT: ANZBAU2SXXX

  • Banco Santander S.A. - Sydnery, Australia - SWIFT: BSCHAU2S

  • Bank of America NA Sydney - Sydney, Australia - SWIFT: BOFAAUSX

  • Bank of China Australia Limited - Sydney, Australia - SWIFT: BKCHAU2A

  • Bank of China Haymarket - Haymarket, Australia - SWIFT: BKCHAU2S

  • Bank of China Melbourne - Melbourne, Australia - SWIFT: BKCHAU2S

  • Bank of China Parramatta - Parramatta, Australia - SWIFT: BKCHAU2S

  • Bank of China Sydney - Sydney, Australia - SWIFT: BKCHAU2S

  • Bankwest - Perth, Australia - SWIFT: BKWAAU6P

  • Beirut Hellenic Bank Ltd - Sydney, Australia - SWIFT: LIKIAU2S

  • -BNP Paribas Sydney - Sydney, Australia - SWIFT: BNPAAU2S

  • Citibank NA Sydney - Sydney, Australia - SWIFT: CITIAUSX

  • China Construction Bank Corp Sydney - Sydney, Australia - SWIFT: PCBCAU2S

  • Commonwealth Bank of Australia - Sydney, Australia - SWIFT: CTBAAU2SITS

  • Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Sidney, Australia - SWIFT: RABOAUSS

  • HSBC Bank Australia Limited - Sydney, Australia - SWIFT: HKBAAU2S

  • ICBC Sydney - Sydney, Australia - SWIFT: ICBKAU2S

  • National Australia Bank Limited - Sydney, Australia - SWIFT: NATAAU3302S

  • Rabobank Limited, Sidney, Australia - SWIFT: RABOAU2B

  • Societe Generale Australia - Sydney, Australia - SWIFT: SOGEAU2B

  • Westpac Banking Corporation - Sydney, Australia - SWIFT: WPACAU2S

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

  • Australian Trade Commission

    Trade promotion organization (TPO)

    [email protected]

  • Global Victoria

    Trade promotion organization (TPO)

    [email protected]

    https://GLOBAL VICTORIA

  • Textile, Clothing Footwear Resource Centre WA Inc

    Member's associations - (i.e. sector, professional, exporters)

    [email protected]

Government MSME Agency

  • International Trade Remedies Advisor for SMEs

Copyright Offices

  • Attorney-General’s Department

Industrial Property Offices

  • IP Australia

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.

  • Australian Department of Agriculture, Fisheries and Forestry
    Phone: +(61 2) 6272 3933
    Website: http://www.agriculture.gov.au

    GPO Box 858

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.

  • WTO TBT Enquiry Point
    Office of Trade Negotiations
    Department of Foreign Affairs and Trade
    Phone: Tel: + (61 2) 6261 1111

    Canberra A.C.T

    [email protected]

Additional Information

 ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

 https://www.abf.gov.au/importing-exporting-and-manufacturing/tariff-classification

Trade Information Portal

 https://www.dfat.gov.au/trade/trade-and-investment

Last Reviewed: June, 2024

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