1.  Overview the trade of AUSTRALIA in goods current year until 202208

According to Dalian Infobank, in 202208, AUSTRALIA's exports and imports of goods amounted to 64275.7863 million, and were up 23.28% comparing with the same period of last year. Among these, exports were up 12.89% at 34891.6541 million, and imports were up 38.40% at 29384.1322 million. And the corresponding trade surplus was 5507.5218 million and down 43.09%.

During the current year until 202208, AUSTRALIA's total exports and imports of goods were 482530.8120 million and were up 21.86% comparing to the same period of last year. Among these, exports were 275268.6736 million and up 20.57%; imports were 207262.1384 million and up 23.63%. The total trade surplus was 68006.5353 million and up 12.11%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, INDIA were AUSTRALIA's top five trading partners. During the current year until 202208, AUSTRALIA's imports and exports to five countries/territories were 134863.6398 million, 63007.7961 million, 38407.4959 million, 29575.3957 million, 20107.4548 million. These values correspond to 27.95%, 13.06%, 7.96%, 6.13%, 4.17% of AUSTRALIA's imports and exports, and, respectively, were down 5.24%, up 66.25%, up 69.24%, up 13.22%, up 70.29% comparing to the same period of last year.

Current year until 202208, 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 202208, AUSTRALIA's exports to these five countries/territories were 79695.5550 million, 50824.2928 million, 25045.2433 million, 14640.1597 million, 13280.1064 million. These values correspond to 28.95%, 18.46%, 9.10%, 5.32%, 4.82% of AUSTRALIA's exports and, respectively, were down 18.58%, up 86.82%, up 50.25%, up 81.09%, up 87.50% comparing with the same period of last year.

Current year until 202208, 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 202208, AUSTRALIA's imports from these five countries/territories were 55168.0848 million, 20553.1116 million, 13362.2526 million, 12183.5033 million, 10085.2473 million. These values correspond to 26.62%, 9.92%, 6.45%, 5.88%, 4.87% of AUSTRALIA's total imports and, respectively, were up 24.14%, up 14.12%, up 121.77%, up 13.91%, up 67.91% comparing with the same period of last year.

During the current year until 202208, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 38640.7895 million, 24527.4702 million, 11682.9908 million, 9172.8645 million, 7555.8368 million, and up 134.06%, down 54.11%, up 9.76%, up 110.33%, up 87.34%. And the trade deficits were mainly from UNITED STATES, GERMANY, ITALY, THAILAND, UNITED KINGDOM at 11530.8274 million, 5862.0619 million, 4255.6187 million, 4105.5685 million, 2271.1451 million, and up 16.49%, down 3.43%, up 16.77%, down 7.99%, up 77.99%.

Current year until 202208, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202208,  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 145447.7582 million, 71264.8529 million, 31020.1034 million, 25837.8856 million, 22012.7946 million, which were up 117.39%, down 29.10%, up 10.28%, up 3.24%, up 11.03% comparing with the same period of last year and account for 30.14%, 14.77%, 6.43%, 5.35%, 4.56% of AUSTRALIA's total imports and exports.

During the current year until 202208, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 114005.0213 million, 70912.0943 million, 13498.4805 million, 9208.0164 million, 7803.3789 million. These values correspond to 41.42%, 25.76%, 4.90%, 3.35%, 2.83% of AUSTRALIA's total exports and, respectively, were up 125.80%, down 29.09%, down 6.97%, up 34.26%, up 12.79% comparing to the same period of last year.

During the current year until 202208, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 31442.7369 million, 27804.3324 million, 24873.8946 million, 19793.8056 million, 9702.8471 million. These values correspond to 15.17%, 13.42%, 12.00%, 9.55%, 4.68% of AUSTRALIA's total exports and, respectively, were up 91.54%, up 10.75%, up 3.20%, up 13.07%, up 42.64% comparing to the same period of last year.

2. Current year until 202208, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202208, AUSTRALIA-China binational exports and imports of goods amounted to 134863.6398 million and were down 5.24% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 79695.5550 million and down 18.58%, imports from China to AUSTRALIA were 55168.0848 million and up 24.14%. The total binational trade surplus was 24527.4702 million and down 54.11%.

During the urrent year until 202208, 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 52427.6134 million, 10551.4022 million, 10430.0099 million, 10256.1930 million, 3893.4910 million and makes up 38.87%, 7.82%, 7.73%, 7.60%, 2.89% of the total binational imports and exports. These values were also down 31.74%, up 11.08%, up 19.71%, up 17.59%, up 564.45% comparing to the same period last year.

During the current year until 202208, 26, 99, 25, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 52419.6407 million, 10035.1390 million, 3845.2490 million, 3583.1290 million, 1826.6130 million. These values account for 65.77%, 12.59%, 4.82%, 4.50%, 2.29% of AUSTRALIA's total exports and were down 31.75%, up 10.84%, up 592.29%, up 15.91%, up 203.26% comparing to the same period of last year.

During the current year until 202208, 84, 85, 94, 87, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 10292.8777 million, 10158.3618 million, 3221.0536 million, 3096.3502 million, 2667.7129 million. These values account for 18.66%, 18.41%, 5.84%, 5.61%, 4.84% of AUSTRALIA's total imports and were up 20.13%, up 18.22%, up 16.91%, up 24.11%, up 45.75% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics