March 2006
Australia
                         
BASIC INDICATORS
Population (thousands, 2004)  20 120 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004)  631 256 Merchandise  26 19
GDP (million current PPP US$, 2004)  605 942 Commercial services 24 22
Current account balance (million US$, 2004) - 40 021 Merchandise excluding intra-EU trade 17 12
Trade per capita (US$, 2002-2004)  10 358 Commercial serv. excl. intra-EU trade 12 12
Trade to GDP ratio (2002-2004)   39.5
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   138 4 4 3
Exports of goods and services (volume, 1995=100)  a   135 4 ... ...
Imports of goods and services (volume, 1995=100)  a   163 7 ... ...
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 1.113
Trade Policy Review date 23, 25 September 2002 Import duties collected (%, 2002-2004):
in total tax revenue 2.3
Tariff binding coverage (%, 2000)   97.0 to total merchandise imports 3.9
MFN tariffs Final bound Applied 2003
Simple average of ad-valorem duties Number of:
All goods   9.9   4.2 GATS services sectors with commitments   103
Agricultural goods (AOA)   3.2   1.2 Dispute rulings (complainant - defendant) 5 - 2
Non-agricultural goods   11.0   4.6 Notifications outstanding  (CRN)   18
Non ad-valorem duties (% of total tariff lines)   0.4   0.3 Number of contingency measures in force:
Anti-dumping (30 June 2005) 52
MFN duty free imports Countervailing duties (30 June 2005) 2
Share in total imports, 2004   47.4 Safeguards (3 November 2005)   0
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  86 564 6 8 23
Merchandise imports, c.i.f. (million US$)  109 384 7 23 23
2004   2004
Share in world total exports    0.94 Share in world total imports  1.15
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   22.8 Agricultural products 5.6
Fuels and mining products   36.4 Fuels and mining products 10.0
Manufactures   20.0 Manufactures 80.4
  By main destination   By main origin
1. Japan   16.8 1. European Union (25)   23.4
2. European Union (25)   10.0 2. United States   14.5
3. China   8.3 3. China   12.5
4. United States   7.2 4. Japan   11.6
5. Korea, Republic of   6.9 5. Singapore   4.4
    Unspecified destinations     12.2         Unspecified origins     1.8
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  25 719   5 18 19
Commercial services imports (million US$)  26 478   5 18 26
2004   2004
Share in world total exports   1.18   Share in world total imports 1.24
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   22.7   Transportation 35.1
Travel   53.1   Travel 38.9
Other commercial services   24.1   Other commercial services 26.0
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 2002  14 496  1 675  12 821   Marks registered, 2002  33 396 17 299 16 097
                         
a  Refers to 2002 values and to the average annual percentage change for 1995-2002.