Australia and ASEAN Trade and Investment Relationship
Australia's $93 billion two-way trade with ASEAN has grown by over $25 billion in the past decade, and now exceeds our trade with the United States and Japan. ASEAN accounts for 11.5 per cent of Australia's exports and 16.1 per cent of imports. ASEAN was the largest source of goods export revenue for Australia's small-and-medium-sized exporters in 2014–15.*
Australia's exports to ASEAN reflect the region's diverse needs. Education-related travel is Australia's largest export to ASEAN as a group, with crude petroleum our largest goods export.
Australia and ASEAN have a strong trade and investment relationship, and our FTAs give us a competitive edge
In 2016, two-way investment between Australian and ASEAN was $224.4 billion – greater than the two-way investment between Australia and China.
Australia's regional FTA with ASEAN and New Zealand, AANZFTA, and bilateral FTAs with Malaysia, Singapore and Thailand provide greater certainty for Australian service suppliers and investors, and extensive tariff reductions for goods exporters.
Australia's top 10 goods exports to ASEAN, 2016
Australia's services exports to ASEAN, 2016
Foreign investment stock in ASEAN from Australia
Foreign investment stock in Australia from ASEAN
* Small and medium-sized exporters are defined as exporters that earn between $250,000 and $50 million in total goods export revenue.