Both are members of the G20 and APEC. Their agreement score in UN General Assembly voting was 46 percent in 2023, and 51 percent on average over 2019 to 2023. In 2024, 30 thousand people born in Russia lived in Australia. In 2022, Russia sold USD 254 million of mineral fuels and oils to Australia. In 2022, Russia sold USD 189 million of fertilisers to Australia.
Benefits
BothTwo-way trade in mineral fuels and oils grew 75 percent, from USD 145 million in 2019 to USD 254 million in 2022.
BothTwo-way trade in fertilisers grew about 3.6 times, from USD 51.9 million in 2019 to USD 189 million in 2022.
BothBoth are members of the G20 and APEC.
Constraints
BothFlows are one-sided: in 2022, Russia sold USD 254 million of mineral fuels and oils, and Australia sold almost none.
BothFlows are one-sided: in 2022, Russia sold USD 189 million of fertilisers, and Australia sold almost none.