1.  Overview the trade of AUSTRALIA in goods current year until 202211

According to Dalian Infobank, in 202211, AUSTRALIA's exports and imports of goods amounted to 59126.2022 million, and were up 8.07% comparing with the same period of last year. Among these, exports were up 10.55% at 32715.7148 million, and imports were up 5.15% at 26410.4874 million. And the corresponding trade surplus was 6305.2273 million and up 40.85%.

During the current year until 202211, AUSTRALIA's total exports and imports of goods were 661780.2004 million and were up 20.20% comparing to the same period of last year. Among these, exports were 376575.2290 million and up 19.95%; imports were 285204.9714 million and up 20.53%. The total trade surplus was 91370.2577 million and up 18.18%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, TAIWAN were AUSTRALIA's top five trading partners. During the current year until 202211, AUSTRALIA's imports and exports to five countries/territories were 186873.8650 million, 88750.6764 million, 50550.1471 million, 41234.5977 million, 26848.5138 million. These values correspond to 28.24%, 13.41%, 7.64%, 6.23%, 4.06% of AUSTRALIA's imports and exports, and, respectively, were down 1.69%, up 60.89%, up 55.17%, up 14.94%, up 72.46% comparing to the same period of last year.

Current year until 202211, 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 202211, AUSTRALIA's exports to these five countries/territories were 109159.5275 million, 72125.3739 million, 32303.6102 million, 19042.3422 million, 18719.3267 million. These values correspond to 28.99%, 19.15%, 8.58%, 5.06%, 4.97% of AUSTRALIA's exports and, respectively, were down 12.17%, up 75.80%, up 35.43%, up 72.65%, up 46.22% comparing with the same period of last year.

Current year until 202211, 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 202211, AUSTRALIA's imports from these five countries/territories were 77714.3375 million, 28512.6068 million, 18246.5369 million, 16625.3025 million, 13121.7754 million. These values correspond to 27.25%, 10.00%, 6.40%, 5.83%, 4.60% of AUSTRALIA's total imports and, respectively, were up 18.10%, up 15.01%, up 109.11%, up 17.61%, up 49.08% comparing with the same period of last year.

During the current year until 202211, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 55500.0714 million, 31445.1900 million, 14057.0734 million, 11794.5910 million, 11236.1707 million, and up 106.39%, down 46.23%, down 7.07%, up 66.25%, up 73.11%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, UNITED KINGDOM at 15790.6159 million, 7811.1549 million, 6510.8674 million, 5609.7075 million, 3108.3094 million, and up 15.21%, down 1.78%, up 5.71%, up 14.36%, up 62.57%.

Current year until 202211, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202211,  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 203468.6957 million, 92747.6776 million, 42949.3500 million, 35229.8549 million, 31707.5663 million, which were up 89.05%, down 25.20%, up 9.47%, up 8.25%, up 10.92% comparing with the same period of last year and account for 30.75%, 14.01%, 6.49%, 5.32%, 4.79% of AUSTRALIA's total imports and exports.

During the current year until 202211, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 159564.2098 million, 92259.8237 million, 17721.9622 million, 12177.6816 million, 10567.1313 million. These values correspond to 42.37%, 24.50%, 4.71%, 3.23%, 2.81% of AUSTRALIA's total exports and, respectively, were up 90.96%, down 25.08%, down 6.39%, up 38.08%, up 5.98% comparing to the same period of last year.

During the current year until 202211, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 43904.4859 million, 38488.7454 million, 33917.8578 million, 28504.9680 million, 12543.8879 million. These values correspond to 15.39%, 13.50%, 11.89%, 9.99%, 4.40% of AUSTRALIA's total exports and, respectively, were up 82.41%, up 9.70%, up 8.52%, up 12.46%, up 24.75% comparing to the same period of last year.

2. Current year until 202211, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202211, AUSTRALIA-China binational exports and imports of goods amounted to 186873.8650 million and were down 1.69% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 109159.5275 million and down 12.17%, imports from China to AUSTRALIA were 77714.3375 million and up 18.10%. The total binational trade surplus was 31445.1900 million and down 46.23%.

During the urrent year until 202211, 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 68145.3224 million, 16430.5292 million, 15111.6544 million, 14347.6344 million, 7331.2199 million and makes up 36.47%, 8.79%, 8.09%, 7.68%, 3.92% of the total binational imports and exports. These values were also down 26.52%, up 9.85%, up 13.16%, up 11.97%, up 681.10% comparing to the same period last year.

During the current year until 202211, 26, 99, 25, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 68135.9347 million, 15767.3751 million, 7264.9304 million, 4371.1975 million, 2426.1211 million. These values account for 62.42%, 14.44%, 6.66%, 4.00%, 2.22% of AUSTRALIA's total exports and were down 26.52%, up 10.25%, up 711.83%, down 4.81%, up 127.15% comparing to the same period of last year.

During the current year until 202211, 85, 84, 87, 94, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 14978.3593 million, 14141.1734 million, 4710.7073 million, 4503.5408 million, 3610.1636 million. These values account for 19.27%, 18.20%, 6.06%, 5.79%, 4.65% of AUSTRALIA's total imports and were up 13.67%, up 12.00%, up 37.07%, up 8.04%, up 30.13% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics