What is the value of US trade with Australia?
Updates published annually
$28.7 billion in imports and $61.3 billion in exports in 2024. That means that the US exported $32.6 billion more to Australia than we imported from it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$28.7B
Value of imports from Australia to the US (2024)
$61.3B
Value of exports from the US to Australia (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Australia as the US’ 18th top trading partner: In 2024, the US traded $90 billion in goods and services with Australia. Countries with similar trade values include Brazil ($127.4B) and Thailand ($88.4B).
In 2024, the US traded $90 billion in goods and services with Australia.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade surplus with Australia every year from 1999 through 2024. The 2024 surplus was $32.62 billion, an increase from 2023's surplus of $31.9 billion.
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The trade surplus with Australia increased to $32.6B in 2024.
Annual trade balance with Australia, not adjusted for inflation
In 2024, 59% of imports from Australia to the US were goods. The largest category was food, feeds, and beverages, accounting for $5.04 billion. The top three imports were food, feeds, and beverages, industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), and nonmonetary gold (gold purchased by individuals or businesses as investments or gold used in manufacturing processes, like for jewelry). These categories accounted for $10.8 billion of total imports.
The other 41% were services, with business services being the largest service category. Business services (like R&D, consulting, and tech services) accounted for $2.71 billion.
Food, feeds, and beverages made up 17.6% of US imports from Australia in 2024.
US imports from Australia by category (2024)
In 2024, more US exports to Australia were goods — 56.6%. The largest export was capital goods (tools used for the production process, like machinery and equipment), which accounted for a value of $15.9 billion. The top three exports were capital goods, consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones), and industrial supplies and materials. These categories accounted for $25.4 billion of exports to Australia.
The other 43.4% were services, with travel being the largest service category. Travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment) accounted for $5.91 billion.
Capital goods made up 25.9% of US exports to Australia in 2024.
US exports to Australia by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
