1.  Overview the trade of AUSTRALIA in goods current year until 202210

According to Dalian Infobank, in 202210, AUSTRALIA's exports and imports of goods amounted to 58900.1220 million, and were up 17.26% comparing with the same period of last year. Among these, exports were up 17.39% at 33157.6342 million, and imports were up 17.09% at 25742.4879 million. And the corresponding trade surplus was 7415.1463 million and up 18.41%.

During the current year until 202210, AUSTRALIA's total exports and imports of goods were 602802.0275 million and were up 21.56% comparing to the same period of last year. Among these, exports were 343884.6825 million and up 20.94%; imports were 258917.3450 million and up 22.41%. The total trade surplus was 84967.3376 million and up 16.66%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, TAIWAN were AUSTRALIA's top five trading partners. During the current year until 202210, AUSTRALIA's imports and exports to five countries/territories were 169585.9870 million, 80389.6884 million, 46431.6332 million, 37316.3195 million, 25030.7398 million. These values correspond to 28.13%, 13.34%, 7.70%, 6.19%, 4.15% of AUSTRALIA's imports and exports, and, respectively, were down 2.25%, up 64.70%, up 60.71%, up 15.35%, up 81.57% comparing to the same period of last year.

Current year until 202210, 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 202210, AUSTRALIA's exports to these five countries/territories were 99070.6518 million, 65237.1406 million, 29901.3922 million, 17813.5710 million, 17333.8333 million. These values correspond to 28.81%, 18.97%, 8.70%, 5.18%, 5.04% of AUSTRALIA's exports and, respectively, were down 14.42%, up 81.41%, up 40.98%, up 83.16%, up 51.83% comparing with the same period of last year.

Current year until 202210, 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 202210, AUSTRALIA's imports from these five countries/territories were 70515.3353 million, 25719.7419 million, 16530.2410 million, 15152.5478 million, 12004.3377 million. These values correspond to 27.23%, 9.93%, 6.38%, 5.85%, 4.64% of AUSTRALIA's total imports and, respectively, were up 22.16%, up 15.66%, up 115.16%, up 17.94%, up 52.10% comparing with the same period of last year.

During the current year until 202210, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 50084.5928 million, 28555.3165 million, 13371.1511 million, 10922.4496 million, 10596.4022 million, and up 116.69%, down 50.80%, down 1.15%, up 65.15%, up 87.03%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, UNITED KINGDOM at 14123.1643 million, 7191.1432 million, 5607.6433 million, 5113.9191 million, 2745.1325 million, and up 16.47%, down 3.09%, up 2.10%, up 14.75%, up 61.47%.

Current year until 202210, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202210,  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 185429.0334 million, 85792.8713 million, 38871.2958 million, 32066.0729 million, 28546.6492 million, which were up 99.90%, down 26.60%, up 10.20%, up 7.73%, up 12.83% comparing with the same period of last year and account for 30.76%, 14.23%, 6.45%, 5.32%, 4.74% of AUSTRALIA's total imports and exports.

During the current year until 202210, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 145590.8323 million, 85320.9844 million, 16535.5726 million, 11271.6193 million, 9673.5375 million. These values correspond to 42.34%, 24.81%, 4.81%, 3.28%, 2.81% of AUSTRALIA's total exports and, respectively, were up 103.82%, down 26.63%, down 5.07%, up 38.76%, up 8.64% comparing to the same period of last year.

During the current year until 202210, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 39838.2011 million, 34829.7562 million, 30863.9316 million, 25656.0201 million, 11423.2471 million. These values correspond to 15.39%, 13.45%, 11.92%, 9.91%, 4.41% of AUSTRALIA's total exports and, respectively, were up 86.79%, up 10.50%, up 7.91%, up 14.61%, up 27.64% comparing to the same period of last year.

2. Current year until 202210, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202210, AUSTRALIA-China binational exports and imports of goods amounted to 169585.9870 million and were down 2.25% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 99070.6518 million and down 14.42%, imports from China to AUSTRALIA were 70515.3353 million and up 22.16%. The total binational trade surplus was 28555.3165 million and down 50.80%.

During the urrent year until 202210, commodities with hs2 code, 26, 99, 85, 84, 25, were binational trade's top five traded commodities. They correspond to import and export values of 63063.0461 million, 14476.5462 million, 13673.5545 million, 13110.6206 million, 5708.1348 million and makes up 37.19%, 8.54%, 8.06%, 7.73%, 3.37% of the total binational imports and exports. These values were also down 28.56%, up 12.28%, up 18.31%, up 16.23%, up 579.95% comparing to the same period last year.

During the current year until 202210, 26, 99, 25, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 63053.9848 million, 13856.3441 million, 5648.1188 million, 4180.6834 million, 2250.1141 million. These values account for 63.65%, 13.99%, 5.70%, 4.22%, 2.27% of AUSTRALIA's total exports and were down 28.57%, up 12.54%, up 604.00%, up 6.09%, up 166.84% comparing to the same period of last year.

During the current year until 202210, 85, 84, 87, 94, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 13558.6384 million, 12925.1058 million, 4174.4809 million, 4067.1693 million, 3299.3403 million. These values account for 19.23%, 18.33%, 5.92%, 5.77%, 4.68% of AUSTRALIA's total imports and were up 19.00%, up 16.37%, up 37.25%, up 11.66%, up 36.73% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics