1.  Overview the trade of AUSTRALIA in goods current year until 202204

According to Dalian Infobank, in 202204, AUSTRALIA's exports and imports of goods amounted to 57421.3350 million, and were up 19.17% comparing with the same period of last year. Among these, exports were up 21.43% at 33252.1469 million, and imports were up 16.20% at 24169.1881 million. And the corresponding trade surplus was 9082.9589 million and up 37.93%.

During the current year until 202204, AUSTRALIA's total exports and imports of goods were 225000.0452 million and were up 20.76% comparing to the same period of last year. Among these, exports were 126018.4209 million and up 20.45%; imports were 98981.6243 million and up 21.17%. The total trade surplus was 27036.7966 million and up 17.88%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, INDIA were AUSTRALIA's top five trading partners. During the current year until 202204, AUSTRALIA's imports and exports to five countries/territories were 67258.8591 million, 27736.0183 million, 16471.4359 million, 14049.8397 million, 8774.2857 million. These values correspond to 29.89%, 12.33%, 7.32%, 6.24%, 3.90% of AUSTRALIA's imports and exports, and, respectively, were up 2.28%, up 60.22%, up 59.23%, up 13.46%, up 42.01% comparing to the same period of last year.

Current year until 202204, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, INDIA, TAIWAN are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202204, AUSTRALIA's exports to these five countries/territories were 39554.0837 million, 21659.5550 million, 10943.1749 million, 5972.2784 million, 5321.4936 million. These values correspond to 31.39%, 17.19%, 8.68%, 4.74%, 4.22% of AUSTRALIA's exports and, respectively, were down 8.89%, up 82.80%, up 46.35%, up 39.86%, up 69.50% comparing with the same period of last year.

Current year until 202204, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, SOUTH KOREA, SINGAPORE are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202204, AUSTRALIA's imports from these five countries/territories were 27704.7754 million, 9589.3116 million, 6076.4633 million, 5528.2611 million, 4513.9213 million. These values correspond to 27.99%, 9.69%, 6.14%, 5.59%, 4.56% of AUSTRALIA's total imports and, respectively, were up 23.99%, up 13.26%, up 11.24%, up 92.85%, up 75.93% comparing with the same period of last year.

During the current year until 202204, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, TAIWAN, INDIA at 15583.0917 million, 11849.3083 million, 5414.9138 million, 3200.4353 million, 3170.2711 million, and up 144.00%, down 43.76%, up 17.43%, up 77.09%, up 34.23%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, MALAYSIA at 5128.7835 million, 2777.7082 million, 2340.8343 million, 1986.6413 million, 1349.6399 million, and up 12.69%, down 1.36%, up 6.86%, up 14.76%, down 10.65%.

Current year until 202204, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202204,  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 60577.8609 million, 35799.2467 million, 14864.7664 million, 12404.7389 million, 10740.9760 million, which were up 104.16%, down 21.17%, up 11.13%, down 0.48%, up 9.45% comparing with the same period of last year and account for 26.92%, 15.91%, 6.61%, 5.51%, 4.77% of AUSTRALIA's total imports and exports.

During the current year until 202204, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 47668.5254 million, 35707.5496 million, 5687.9994 million, 4598.3197 million, 3531.2634 million. These values correspond to 37.83%, 28.34%, 4.51%, 3.65%, 2.80% of AUSTRALIA's total exports and, respectively, were up 116.75%, down 21.16%, down 27.31%, up 34.23%, up 13.72% comparing to the same period of last year.

During the current year until 202204, 84, 27, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 13282.4228 million, 12909.3355 million, 11937.4539 million, 9619.2275 million, 4974.6751 million. These values correspond to 13.42%, 13.04%, 12.06%, 9.72%, 5.03% of AUSTRALIA's total exports and, respectively, were up 11.04%, up 68.09%, down 0.66%, up 10.34%, up 54.37% comparing to the same period of last year.

2. Current year until 202204, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202204, AUSTRALIA-China binational exports and imports of goods amounted to 67258.8591 million and were up 2.28% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 39554.0837 million and down 8.89%, imports from China to AUSTRALIA were 27704.7754 million and up 23.99%. The total binational trade surplus was 11849.3083 million and down 43.76%.

During the urrent year until 202204, commodities with hs2 code, 26, 99, 84, 85, 71, were binational trade's top five traded commodities. They correspond to import and export values of 26639.6791 million, 5454.0522 million, 5174.0688 million, 5045.6381 million, 1957.5253 million and makes up 39.61%, 8.11%, 7.69%, 7.50%, 2.91% of the total binational imports and exports. These values were also down 23.42%, up 31.13%, up 23.28%, up 13.17%, up 211.68% comparing to the same period last year.

During the current year until 202204, 26, 99, 71, 25, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 26633.6381 million, 5164.3246 million, 1897.0937 million, 1178.6178 million, 864.2623 million. These values account for 67.33%, 13.06%, 4.80%, 2.98%, 2.19% of AUSTRALIA's total exports and were down 23.44%, up 30.81%, up 240.54%, up 439.26%, up 293.79% comparing to the same period of last year.

During the current year until 202204, 84, 85, 38, 94, 87 were AUSTRALIA's top five traded commodities importing from China , with import values of 5108.8210 million, 5000.9991 million, 1827.2429 million, 1583.8395 million, 1408.3418 million. These values account for 18.44%, 18.05%, 6.60%, 5.72%, 5.08% of AUSTRALIA's total imports and were up 23.80%, up 13.77%, up 510.03%, up 17.74%, up 29.86% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics