1.  Overview the trade of AUSTRALIA in goods current year until 202207

According to Dalian Infobank, in 202207, AUSTRALIA's exports and imports of goods amounted to 57711.0322 million, and were up 10.30% comparing with the same period of last year. Among these, exports were up 3.04% at 32167.5689 million, and imports were up 21.04% at 25543.4633 million. And the corresponding trade surplus was 6624.1057 million and down 34.51%.

During the current year until 202207, AUSTRALIA's total exports and imports of goods were 417764.3535 million and were up 21.50% comparing to the same period of last year. Among these, exports were 239560.8142 million and up 21.36%; imports were 178203.5393 million and up 21.71%. The total trade surplus was 61357.2749 million and up 20.35%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, INDIA were AUSTRALIA's top five trading partners. During the current year until 202207, AUSTRALIA's imports and exports to five countries/territories were 117813.3285 million, 53318.1825 million, 32246.6936 million, 25540.2223 million, 17943.3374 million. These values correspond to 28.20%, 12.76%, 7.72%, 6.11%, 4.30% of AUSTRALIA's imports and exports, and, respectively, were down 5.57%, up 66.26%, up 67.78%, up 13.06%, up 77.54% comparing to the same period of last year.

Current year until 202207, 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 202207, AUSTRALIA's exports to these five countries/territories were 70757.7417 million, 42849.7580 million, 21375.4793 million, 13128.5820 million, 11089.2467 million. These values correspond to 29.54%, 17.89%, 8.92%, 5.48%, 4.63% of AUSTRALIA's exports and, respectively, were down 17.37%, up 88.89%, up 53.34%, up 90.79%, up 82.15% comparing with the same period of last year.

Current year until 202207, 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 202207, AUSTRALIA's imports from these five countries/territories were 47055.5869 million, 17726.7504 million, 10871.2144 million, 10468.4244 million, 9064.8509 million. These values correspond to 26.41%, 9.95%, 6.10%, 5.87%, 5.09% of AUSTRALIA's total imports and, respectively, were up 20.28%, up 13.65%, up 105.88%, up 11.56%, up 84.05% comparing with the same period of last year.

During the current year until 202207, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 32381.3336 million, 23702.1548 million, 10504.2649 million, 8313.8267 million, 6179.4783 million, and up 143.44%, down 49.04%, up 21.31%, up 127.40%, up 79.09%. And the trade deficits were mainly from UNITED STATES, GERMANY, ITALY, THAILAND, UNITED KINGDOM at 9913.2785 million, 4939.8607 million, 3612.0922 million, 3570.0305 million, 1935.3781 million, and up 15.20%, down 4.18%, up 13.29%, down 12.30%, up 75.04%.

Current year until 202207, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202207,  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 124719.4390 million, 63719.2692 million, 26684.4658 million, 21974.1563 million, 19010.9792 million, which were up 123.28%, down 28.29%, up 9.09%, down 0.52%, up 8.81% comparing with the same period of last year and account for 29.85%, 15.25%, 6.39%, 5.26%, 4.55% of AUSTRALIA's total imports and exports.

During the current year until 202207, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 97587.0631 million, 63379.4982 million, 11711.7511 million, 7999.5277 million, 6695.7059 million. These values correspond to 40.74%, 26.46%, 4.89%, 3.34%, 2.79% of AUSTRALIA's total exports and, respectively, were up 134.80%, down 28.31%, down 7.51%, up 32.27%, up 12.57% comparing to the same period of last year.

During the current year until 202207, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 27132.3760 million, 23882.0139 million, 21141.1323 million, 17082.5933 million, 8363.8142 million. These values correspond to 15.23%, 13.40%, 11.86%, 9.59%, 4.69% of AUSTRALIA's total exports and, respectively, were up 89.79%, up 9.44%, down 0.67%, up 10.65%, up 44.49% comparing to the same period of last year.

2. Current year until 202207, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202207, AUSTRALIA-China binational exports and imports of goods amounted to 117813.3285 million and were down 5.57% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 70757.7417 million and down 17.37%, imports from China to AUSTRALIA were 47055.5869 million and up 20.28%. The total binational trade surplus was 23702.1548 million and down 49.04%.

During the urrent year until 202207, commodities with hs2 code, 26, 99, 84, 85, 25, were binational trade's top five traded commodities. They correspond to import and export values of 47166.1345 million, 9305.1660 million, 8953.4718 million, 8876.4814 million, 3318.2211 million and makes up 40.03%, 7.90%, 7.60%, 7.53%, 2.82% of the total binational imports and exports. These values were also down 31.04%, up 18.77%, up 19.22%, up 14.56%, up 600.29% comparing to the same period last year.

During the current year until 202207, 26, 99, 25, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 47159.0118 million, 8841.8856 million, 3276.4015 million, 2905.0155 million, 1638.1097 million. These values account for 66.65%, 12.50%, 4.63%, 4.11%, 2.32% of AUSTRALIA's total exports and were down 31.05%, up 18.76%, up 633.69%, up 39.56%, up 215.82% comparing to the same period of last year.

During the current year until 202207, 84, 85, 94, 87, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 8831.4184 million, 8791.4931 million, 2717.7533 million, 2309.6662 million, 2270.8933 million. These values account for 18.77%, 18.68%, 5.78%, 4.91%, 4.83% of AUSTRALIA's total imports and were up 19.62%, up 15.15%, up 13.48%, up 5.11%, up 40.38% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics