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Export of Goods Value from Australia (1990-2023)

Export of Goods Value from Australia (1990-2023)

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TGM StatBox. (2024). Export of Goods Value from Australia (1990-2023). TGM StatBox.
Chart Details
Data Source: World Trade Organization (WTO)
Timeframe: 1990-2023
Country: Australia
Published date: 2024
Note: Merchandise exports by product group – annual (Million US dollars), as defined by the World Trade Organization (WTO), measures the total value of goods exported from a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Australia's export growth underscores its resource-driven economy. Beginning at $39.8 billion in 1990, exports climbed steadily, driven by demand for minerals and energy products. By 2008, exports surged to $187.3 billion during the global commodities boom, reflecting increased demand from China.

A peak of $412.7 billion in 2022 highlighted Australia’s reliance on iron ore, coal, and LNG exports. Economic shocks, such as the 2008 financial crisis and the COVID-19 pandemic, momentarily dampened growth but were mitigated by high commodity prices and trade diversification. Export growth underscores Australia's resilience in global trade dynamics.

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