Name: EU-Australia trade deal: What does business between the two look like?
Uploaded: 2026-03-30T12:06:08.563Z
Duration: 1 min 30 s
Description: The trade between the EU and Australia is expected to climb as much as 33% over the next decade after they signed a landmark deal. But how has their trade relationship developed so far?

The trade between the EU and Australia is expected to climb as much as 33% over the next decade after they signed a landmark deal. But how has their trade relationship developed so far?

Canberra

The European Union and Australia have finalized a landmark trade deal, with the latest Eurostat data showing that in 2025, the EU exported 36.9 billion euros in goods to Australia and imported 10.2 billion euros, resulting in a significant trade surplus for the EU. Despite a slight dip in trade compared to the previous year, long-term growth has been strong, with exports and imports rising nearly 40% and 50% respectively since 2015.

Key exports from the EU to Australia include pharmaceuticals, vehicles, and machinery, while Australia's main exports to the EU are coal, oilseeds, and gold. The new agreement is expected to boost trade by 33% over the next decade and eliminate more than 99% of tariffs on EU exports to Australia, potentially saving EU businesses around 1 billion euros annually.

EU-Australia trade deal: What does business between the two look like?

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