00:00The EU and Australia seal a landmark trade deal. What does trade between the two look like?
00:09In 2025, the EU exported 36.9 billion euros worth of goods to Australia,
00:15while imports stood at 10.2 billion euros. This left the bloc with a trade surplus of
00:2026.7 billion euros according to the latest Eurostat data. Both exports and imports dipped
00:27slightly compared to 2024, down 4.9% and 4.8% respectively. However, over the longer term,
00:36trade has grown strongly. Since 2015, exports have risen nearly 40% and imports have risen by almost
00:4450%. The EU's top exports to Australia were medicinal and pharmaceutical products making up 13.1%,
00:51followed by road vehicles at 11.1% and industrial machinery at 9.5%. On the import side, coal,
01:00coke and briquettes dominated, accounting for 29% of all imports. These were followed by oilseeds and
01:07oleaginous fruits at 15.3% and gold at 7.2%. Thanks to the sweeping deal, trade between the EU
01:15and
01:15Australia is expected to grow up 33% over the next decade. Under the deal, more than 99% of
01:22tariffs on
01:23EU exports to Australia will be laminated, saving businesses around 1 billion euros a year.
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