1. Overview the trade of AUSTRALIA in goods current year until 202212
According to Dalian Infobank, in 202212, AUSTRALIA's exports and imports of goods amounted to 59796.0690 million, and were up 7.30% comparing with the same period of last year. Among these, exports were up 14.36% at 35409.2693 million, and imports were down 1.52% at 24386.7997 million. And the corresponding trade surplus was 11022.4695 million and up 77.80%.
During the current year until 202212, AUSTRALIA's total exports and imports of goods were 721495.5966 million and were up 19.00% comparing to the same period of last year. Among these, exports were 412287.7308 million and up 19.53%; imports were 309207.8658 million and up 18.29%. The total trade surplus was 103079.8651 million and up 23.43%.
If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, TAIWAN were AUSTRALIA's top five trading partners. During the current year until 202212, AUSTRALIA's imports and exports to five countries/territories were 204216.3041 million, 97734.3584 million, 55186.8302 million, 44867.8173 million, 28934.9203 million. These values correspond to 28.30%, 13.55%, 7.65%, 6.22%, 4.01% of AUSTRALIA's imports and exports, and, respectively, were down 1.50%, up 56.89%, up 50.30%, up 15.15%, up 68.08% comparing to the same period of last year.
Current year until 202212, 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 202212, AUSTRALIA's exports to these five countries/territories were 119931.7316 million, 79805.8272 million, 35543.1777 million, 20598.1770 million, 20121.8674 million. These values correspond to 29.09%, 19.36%, 8.62%, 5.00%, 4.88% of AUSTRALIA's exports and, respectively, were down 10.46%, up 71.83%, up 32.35%, up 70.53%, up 38.41% comparing with the same period of last year.
Current year until 202212, 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 202212, AUSTRALIA's imports from these five countries/territories were 84284.5725 million, 31014.9519 million, 19643.6525 million, 17928.5312 million, 14043.1659 million. These values correspond to 27.26%, 10.03%, 6.35%, 5.80%, 4.54% of AUSTRALIA's total imports and, respectively, were up 14.85%, up 15.57%, up 99.16%, up 13.13%, up 42.71% comparing with the same period of last year.
During the current year until 202212, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, INDIA, TAIWAN at 61877.2960 million, 35647.1591 million, 15899.5252 million, 12769.3548 million, 12261.4337 million, and up 102.22%, down 41.14%, down 6.43%, up 56.89%, up 76.62%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, UNITED KINGDOM at 17162.0866 million, 8533.5939 million, 7304.3292 million, 6091.6171 million, 3369.7361 million, and up 16.69%, down 0.75%, up 6.85%, up 14.59%, up 58.78%.
Current year until 202212, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202212, 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 222000.0401 million, 101440.4836 million, 46840.9190 million, 38790.4380 million, 34434.4196 million, which were up 81.93%, down 23.57%, up 8.52%, up 7.92%, up 8.56% comparing with the same period of last year and account for 30.77%, 14.06%, 6.49%, 5.38%, 4.77% of AUSTRALIA's total imports and exports.
During the current year until 202212, 27, 26, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 174867.2984 million, 100822.0575 million, 19358.5190 million, 13515.6366 million, 11433.1853 million. These values correspond to 42.41%, 24.45%, 4.70%, 3.28%, 2.77% of AUSTRALIA's total exports and, respectively, were up 83.51%, down 23.50%, down 6.22%, up 37.56%, up 4.09% comparing to the same period of last year.
During the current year until 202212, 27, 84, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 47132.7417 million, 41970.7044 million, 37358.8300 million, 30888.6146 million, 13464.1530 million. These values correspond to 15.24%, 13.57%, 12.08%, 9.99%, 4.35% of AUSTRALIA's total exports and, respectively, were up 76.28%, up 8.83%, up 8.23%, up 9.65%, up 22.49% comparing to the same period of last year.
2. Current year until 202212, AUSTRALIA binational trade profile
According to Dalian Infobank, during the current year until 202212, AUSTRALIA-China binational exports and imports of goods amounted to 204216.3041 million and were down 1.50% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 119931.7316 million and down 10.46%, imports from China to AUSTRALIA were 84284.5725 million and up 14.85%. The total binational trade surplus was 35647.1591 million and down 41.14%.
During the urrent year until 202212, 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 74541.3524 million, 18180.7160 million, 16309.4324 million, 15466.6072 million, 8142.3225 million and makes up 36.50%, 8.90%, 7.99%, 7.57%, 3.99% of the total binational imports and exports. These values were also down 24.28%, up 7.79%, up 8.50%, up 8.07%, up 581.26% comparing to the same period last year.
During the current year until 202212, 26, 99, 25, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 74531.8582 million, 17486.2222 million, 8072.2252 million, 5033.8091 million, 2741.8883 million. These values account for 62.15%, 14.58%, 6.73%, 4.20%, 2.29% of AUSTRALIA's total exports and were down 24.28%, up 8.44%, up 603.28%, down 3.15%, up 108.06% comparing to the same period of last year.
During the current year until 202212, 85, 84, 87, 94, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 16156.2202 million, 15241.8915 million, 5308.4310 million, 4819.8118 million, 3888.3407 million. These values account for 19.17%, 18.08%, 6.30%, 5.72%, 4.61% of AUSTRALIA's total imports and were up 8.87%, up 8.09%, up 39.97%, up 2.67%, up 24.96% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Australian Bureau of Statistics