1.  Overview the trade of AUSTRALIA in goods current year until 202202

According to Dalian Infobank, in 202202, AUSTRALIA's exports and imports of goods amounted to 52670.1607 million, and were up 18.52% comparing with the same period of last year. Among these, exports were up 14.07% at 28301.0167 million, and imports were up 24.13% at 24369.1440 million. And the corresponding trade surplus was 3931.8727 million and down 24.08%.

During the current year until 202202, AUSTRALIA's total exports and imports of goods were 104054.5139 million and were up 18.24% comparing to the same period of last year. Among these, exports were 57196.6966 million and up 15.70%; imports were 46857.8173 million and up 21.49%. The total trade surplus was 10338.8793 million and down 4.87%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202202, AUSTRALIA's imports and exports to five countries/territories were 32615.8040 million, 12802.4972 million, 7766.6979 million, 5981.1434 million, 3716.8479 million. These values correspond to 31.34%, 12.30%, 7.46%, 5.75%, 3.57% of AUSTRALIA's imports and exports, and, respectively, were up 4.41%, up 63.82%, up 66.37%, down 1.92%, up 46.23% comparing to the same period of last year.

Current year until 202202, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, TAIWAN, INDIA are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202202, AUSTRALIA's exports to these five countries/territories were 18184.5267 million, 9786.8548 million, 5302.6973 million, 2347.0506 million, 2280.9952 million. These values correspond to 31.79%, 17.11%, 9.27%, 4.10%, 3.99% of AUSTRALIA's exports and, respectively, were down 9.68%, up 78.11%, up 55.25%, up 67.59%, up 9.95% comparing with the same period of last year.

Current year until 202202, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, SOUTH KOREA, THAILAND are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202202, AUSTRALIA's imports from these five countries/territories were 14431.2773 million, 4141.9273 million, 3015.6425 million, 2464.0007 million, 2067.5456 million. These values correspond to 30.80%, 8.84%, 6.44%, 5.26%, 4.41% of AUSTRALIA's total imports and, respectively, were up 29.98%, up 3.19%, up 29.97%, up 96.67%, up 23.51% comparing with the same period of last year.

During the current year until 202202, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, TAIWAN, INDIA at 6771.2123 million, 3753.2494 million, 2838.6966 million, 1353.9498 million, 883.8874 million, and up 113.30%, down 58.44%, up 31.26%, up 67.57%, down 21.75%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, UNITED KINGDOM at 2302.7113 million, 1102.4689 million, 1070.2627 million, 901.5708 million, 483.8962 million, and up 19.34%, down 20.96%, up 51.04%, up 2.53%, down 1126.48%.

Current year until 202202, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202202,  commodities with hs2 codes, 27, 26, 84, 87, 85, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 25841.0647 million, 16288.9115 million, 6964.9731 million, 5851.9237 million, 5084.3570 million, which were up 84.83%, down 22.40%, up 8.99%, up 4.41%, up 8.59% comparing with the same period of last year and account for 24.83%, 15.65%, 6.69%, 5.62%, 4.89% of AUSTRALIA's total imports and exports.

During the current year until 202202, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 20598.6099 million, 16252.3647 million, 3218.7282 million, 2270.0753 million, 1581.4534 million. These values correspond to 36.01%, 28.41%, 5.63%, 3.97%, 2.76% of AUSTRALIA's total exports and, respectively, were up 96.26%, down 22.48%, down 27.59%, up 32.09%, up 19.19% comparing to the same period of last year.

During the current year until 202202, 84, 87, 27, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 6239.0128 million, 5647.0267 million, 5242.4548 million, 4563.2662 million, 2371.3417 million. These values correspond to 13.31%, 12.05%, 11.19%, 9.74%, 5.06% of AUSTRALIA's total exports and, respectively, were up 8.18%, up 4.31%, up 50.40%, up 9.29%, up 58.22% comparing to the same period of last year.

2. Current year until 202202, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202202, AUSTRALIA-China binational exports and imports of goods amounted to 32615.8040 million and were up 4.41% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 18184.5267 million and down 9.68%, imports from China to AUSTRALIA were 14431.2773 million and up 29.98%. The total binational trade surplus was 3753.2494 million and down 58.44%.

During the urrent year until 202202, commodities with hs2 code, 26, 85, 84, 99, 71, were binational trade's top five traded commodities. They correspond to import and export values of 11858.9500 million, 2512.0360 million, 2494.3704 million, 2384.9036 million, 1552.0019 million and makes up 36.36%, 7.70%, 7.65%, 7.31%, 4.76% of the total binational imports and exports. These values were also down 28.30%, up 15.48%, up 23.10%, up 23.52%, up 4660.89% comparing to the same period last year.

During the current year until 202202, 26, 99, 71, 25, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 11858.2771 million, 2236.6786 million, 1523.9177 million, 435.1043 million, 371.2127 million. These values account for 65.21%, 12.30%, 8.38%, 2.39%, 2.04% of AUSTRALIA's total exports and were down 28.30%, up 21.71%, up 41651.96%, up 420.05%, up 568.64% comparing to the same period of last year.

During the current year until 202202, 85, 84, 38, 94, 87 were AUSTRALIA's top five traded commodities importing from China , with import values of 2489.2375 million, 2468.0632 million, 1088.0298 million, 909.5611 million, 757.6931 million. These values account for 17.25%, 17.10%, 7.54%, 6.30%, 5.25% of AUSTRALIA's total imports and were up 16.05%, up 23.76%, up 631.93%, up 22.36%, up 22.88% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics