1.  Overview the trade of AUSTRALIA in goods current year until 202205

According to Dalian Infobank, in 202205, AUSTRALIA's exports and imports of goods amounted to 61353.4727 million, and were up 20.00% comparing with the same period of last year. Among these, exports were up 17.50% at 35262.2337 million, and imports were up 23.55% at 26091.2390 million. And the corresponding trade surplus was 9170.9947 million and up 3.13%.

During the current year until 202205, AUSTRALIA's total exports and imports of goods were 289995.9200 million and were up 22.13% comparing to the same period of last year. Among these, exports were 164833.8024 million and up 22.43%; imports were 125162.1176 million and up 21.74%. The total trade surplus was 39671.6847 million and up 24.64%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, INDIA were AUSTRALIA's top five trading partners. During the current year until 202205, AUSTRALIA's imports and exports to five countries/territories were 83534.2638 million, 35916.1220 million, 21994.1444 million, 17677.8964 million, 12366.4065 million. These values correspond to 28.81%, 12.39%, 7.58%, 6.10%, 4.26% of AUSTRALIA's imports and exports, and, respectively, were down 1.94%, up 66.94%, up 69.88%, up 10.74%, up 67.57% comparing to the same period of last year.

Current year until 202205, 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 202205, AUSTRALIA's exports to these five countries/territories were 49911.0893 million, 28567.3493 million, 14478.7531 million, 8902.0103 million, 7140.5252 million. These values correspond to 30.28%, 17.33%, 8.78%, 5.40%, 4.33% of AUSTRALIA's exports and, respectively, were down 12.85%, up 91.42%, up 55.20%, up 74.99%, up 77.13% comparing with the same period of last year.

Current year until 202205, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, SOUTH KOREA, JAPAN, SINGAPORE are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202205, AUSTRALIA's imports from these five countries/territories were 33623.1745 million, 12144.5596 million, 7515.3912 million, 7348.7727 million, 5941.3210 million. These values correspond to 26.86%, 9.70%, 6.00%, 5.87%, 4.75% of AUSTRALIA's total imports and, respectively, were up 20.43%, up 9.59%, up 107.73%, up 11.50%, up 85.25% comparing with the same period of last year.

During the current year until 202205, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 21218.5766 million, 16287.9148 million, 6963.3619 million, 5437.6141 million, 4006.2727 million, and up 154.64%, down 44.50%, up 21.93%, up 94.56%, up 77.22%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, MALAYSIA at 6611.2227 million, 3455.9410 million, 2600.2509 million, 2463.9150 million, 1600.6252 million, and up 6.63%, up 0.17%, down 4.90%, up 11.67%, down 11.60%.

Current year until 202205, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202205,  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 82478.6431 million, 45601.4059 million, 18802.8949 million, 15485.2252 million, 13578.6071 million, which were up 121.86%, down 23.67%, up 9.89%, up 0.73%, up 9.30% comparing with the same period of last year and account for 28.44%, 15.72%, 6.48%, 5.34%, 4.68% of AUSTRALIA's total imports and exports.

During the current year until 202205, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 65077.1306 million, 45386.6677 million, 7331.9565 million, 5650.0941 million, 4563.9455 million. These values correspond to 39.48%, 27.53%, 4.45%, 3.43%, 2.77% of AUSTRALIA's total exports and, respectively, were up 134.91%, down 23.80%, down 21.57%, up 29.08%, up 11.90% comparing to the same period of last year.

During the current year until 202205, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 17401.5125 million, 16804.8244 million, 14899.4707 million, 12185.4502 million, 6232.4833 million. These values correspond to 13.90%, 13.43%, 11.90%, 9.74%, 4.98% of AUSTRALIA's total exports and, respectively, were up 83.70%, up 10.19%, up 0.60%, up 10.62%, up 51.62% comparing to the same period of last year.

2. Current year until 202205, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202205, AUSTRALIA-China binational exports and imports of goods amounted to 83534.2638 million and were down 1.94% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 49911.0893 million and down 12.85%, imports from China to AUSTRALIA were 33623.1745 million and up 20.43%. The total binational trade surplus was 16287.9148 million and down 44.50%.

During the urrent year until 202205, 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 33884.6681 million, 6642.7375 million, 6321.3013 million, 6315.1250 million, 2098.1581 million and makes up 40.56%, 7.95%, 7.57%, 7.56%, 2.51% of the total binational imports and exports. These values were also down 26.23%, up 24.32%, up 20.22%, up 12.88%, up 110.17% comparing to the same period last year.

During the current year until 202205, 26, 99, 71, 25, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 33878.1445 million, 6295.4929 million, 2019.7109 million, 1830.6748 million, 1065.6016 million. These values account for 67.88%, 12.61%, 4.05%, 3.67%, 2.13% of AUSTRALIA's total exports and were down 26.24%, up 23.88%, up 121.48%, up 507.25%, up 282.16% comparing to the same period of last year.

During the current year until 202205, 85, 84, 94, 38, 87 were AUSTRALIA's top five traded commodities importing from China , with import values of 6260.0940 million, 6238.2604 million, 1916.0278 million, 1894.5711 million, 1624.0481 million. These values account for 18.62%, 18.55%, 5.70%, 5.63%, 4.83% of AUSTRALIA's total imports and were up 13.49%, up 20.74%, up 13.60%, up 451.57%, up 10.26% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics