Binding coverage, manufactured products in Australia
Australia: Binding coverage, manufactured products was 0.0% in 2022. ▼ Falling
Binding coverage, manufactured products in Australia, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, manufactured products in Australia stood at 0.0%. That is the lowest value across all 27 years on record.
The figure is down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, binding coverage, manufactured products in Australia peaked at 96.9% in 1996 and was at its lowest, 0.0%, in 2022.
That places Australia 60th out of 158 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 96.9% | 96.9% | 96.9% | 4 |
| 2000s | 96.6% | 96.5% | 96.9% | 10 |
| 2010s | 96.5% | 96.5% | 96.5% | 10 |
| 2020s | 64.3% | 0.0% | 96.5% | 3 |
Countries ranked near Australia
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More private sector data for Australia
- Merchandise trade 36.0% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 74.3% (2025)
- Merchandise imports 310.63 billion current US$ (2025)
- Food exports 13.7% (2025)
- Manufactures exports 9.8% (2025)
- Merchandise exports 337.58 billion current US$ (2025)
- Commercial service exports 90.93 billion current US$ (2025)
- Transport services 16.4% (2025)
- Computer, communications and other services 39.3% (2025)
Frequently asked questions
- What is binding coverage, manufactured products in Australia?
- Binding coverage, manufactured products in Australia was 0.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, manufactured products recorded in Australia?
- The highest recorded value was 96.9% in 1996.
- What is the lowest binding coverage, manufactured products recorded in Australia?
- The lowest recorded value was 0.0% in 2022.
- How does Australia rank for binding coverage, manufactured products?
- Australia ranks 60th out of 158 countries with data for 2022.
- Is binding coverage, manufactured products rising or falling in Australia?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.