Summarize in point form In 2022, Australia ranked as the EU's 18th biggest partner for trade in goods, while the EU was Australia's 3rd largest trading partner after China and Japan (but before the United States). Total trade in goods accounted for 56.4 billion in 2022 (EU surplus of 20.6 bn), and total trade in services added another 25.8 billion in 2021 (EU surplus 11.9 bn)