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Australia

Australia

The EU and Australia are like-minded partners who share many common concerns in today's international trade environment, such as initiative to further liberalise green goods, services, the issue of raw materials and the risks of protectionism.

The EU and Australia conduct their trade and economic relations under the EU-Australia Partnership Framework of October 2008. This aims, apart from cooperation on the multilateral trade system and trade in services and investment issues, to facilitate trade in industrial products between the EU and Australia by reducing technical barriers, including conformity assessment procedures.

Trade picture

  • Australia is an important economic and trading partner for the EU. In 2013, it ranked as the 15th largest trade in goods partner of the EU while the EU represented Australia's third largest trading partner after China and Japan.
  • Total trade in goods amounted to €42.3bn in 2013. Traditionally, Australia's exports to the EU are dominated by mineral commodities (fuels and mining products) and agricultural products while EU's exports to Australia are predominantly manufactured goods
  • Total trade in commercial services between EU and Australia in 2012 amounted to €27.1bn and represented more than 1/3 of the total trade.

EU-Australia "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 15.0 31.2 16.2
2012 14.5 33.9 19.4
2013 10.2 32.1 21.9

EU-Australia "trade in services" statistics

Trade in services 2010-2012, € billions
Year EU imports EU exports Balance
2010 6.8 15.1 8.3
2011 7.3 16.4 9.0
2012 8.1 19.0 10.9

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 34.3 141.6 107.3

More statistics on Australia

The EU and Australia conduct their trade and economic relations under the EU-Australia Partnership Framework of October 2008. This aims, apart from cooperation on the Doha Round of world trade talks and trade in services and investment issues, to facilitate trade in industrial products between the EU and Australia by reducing technical barriers, including assessment procedures. This covers mutual recognition of conformity assessment procedures, with the objective of reducing the costs of testing and certification of products exported to and imported from Australia.

Trading with Australia