1.  Overview the trade of AUSTRALIA in goods current year until 202301

According to Dalian Infobank, in 202301, AUSTRALIA's exports and imports of goods amounted to 59042.2433 million, and were up 11.03% comparing with the same period of last year. Among these, exports were up 7.94% at 33022.7344 million, and imports were up 15.22% at 26019.5089 million. And the corresponding trade surplus was 7003.2255 million and down 12.58%.

During the current year until 202301, AUSTRALIA's total exports and imports of goods were 59042.2433 million and were up 11.03% comparing to the same period of last year. Among these, exports were 33022.7344 million and up 7.94%; imports were 26019.5089 million and up 15.22%. The total trade surplus was 7003.2255 million and down 12.58%.

If considering by country (region), CHINA, JAPAN, SOUTH KOREA, UNITED STATES, TAIWAN CN were AUSTRALIA's top five trading partners. During the current year until 202301, AUSTRALIA's imports and exports to five countries/territories were 18769.5819 million, 7973.1567 million, 4386.5331 million, 3888.6006 million, 2156.7971 million. These values correspond to 31.79%, 13.50%, 7.43%, 6.59%, 3.65% of AUSTRALIA's imports and exports, and, respectively, were up 18.63%, up 17.07%, up 4.36%, up 29.39%, up 16.48% comparing to the same period of last year.

Current year until 202301, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, TAIWAN CN, INDIA are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202301, AUSTRALIA's exports to these five countries/territories were 11483.0689 million, 6496.7509 million, 2935.3914 million, 1550.3043 million, 1161.0881 million. These values correspond to 34.77%, 19.67%, 8.89%, 4.69%, 3.52% of AUSTRALIA's exports and, respectively, were up 24.71%, up 19.43%, down 2.29%, up 18.96%, down 29.57% comparing with the same period of last year.

Current year until 202301, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, SOUTH KOREA, THAILAND are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202301, AUSTRALIA's imports from these five countries/territories were 7286.5130 million, 2840.6732 million, 1476.4059 million, 1451.1417 million, 1066.1748 million. These values correspond to 28.00%, 10.92%, 5.67%, 5.58%, 4.10% of AUSTRALIA's total imports and, respectively, were up 10.17%, up 42.27%, up 7.69%, up 21.01%, up 19.63% comparing with the same period of last year.

During the current year until 202301, the trade surplus of AUSTRALIA was mainly from JAPAN, CHINA, SOUTH KOREA, TAIWAN CN, INDIA at 5020.3450 million, 4196.5560 million, 1484.2496 million, 943.8115 million, 706.9131 million, and up 23.38%, up 61.78%, down 17.77%, up 25.03%, down 23.71%. And the trade deficits were mainly from UNITED STATES, GERMANY, ITALY, THAILAND, FRANCE at 1792.7458 million, 729.7639 million, 535.7041 million, 502.3138 million, 358.7415 million, and up 81.42%, up 57.85%, up 27.51%, up 32.81%, up 234.99%.

Current year until 202301, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202301,  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 16471.5370 million, 8651.0221 million, 3895.6614 million, 3885.4503 million, 3074.1169 million, which were up 9.78%, up 2.02%, up 9.29%, up 56.52%, up 22.36% comparing with the same period of last year and account for 27.90%, 14.65%, 6.60%, 6.58%, 5.21% of AUSTRALIA's total imports and exports.

During the current year until 202301, 27, 26, 25, 71, 10 were AUSTRALIA's top five traded commodities, with total import and export values of 13054.5754 million, 8647.1809 million, 1773.4054 million, 1743.2940 million, 1370.2986 million. These values correspond to 39.53%, 26.19%, 5.37%, 5.28%, 4.15% of AUSTRALIA's total exports and, respectively, were up 5.79%, up 2.38%, up 662.90%, up 18.85%, up 30.72% comparing to the same period of last year.

During the current year until 202301, 87, 84, 27, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 3798.9530 million, 3530.9627 million, 3416.9616 million, 2804.1463 million, 1224.4774 million. These values correspond to 14.60%, 13.57%, 13.13%, 10.78%, 4.71% of AUSTRALIA's total exports and, respectively, were up 58.78%, up 10.75%, up 28.28%, up 24.06%, up 15.19% comparing to the same period of last year.

2. Current year until 202301, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202301, AUSTRALIA-China binational exports and imports of goods amounted to 18769.5819 million and were up 18.63% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 11483.0689 million and up 24.71%, imports from China to AUSTRALIA were 7286.5130 million and up 10.17%. The total binational trade surplus was 4196.5560 million and up 61.78%.

During the urrent year until 202301, commodities with hs2 code, 26, 25, 85, 99, 84, were binational trade's top five traded commodities. They correspond to import and export values of 6764.9033 million, 1764.9355 million, 1540.9309 million, 1286.7647 million, 1149.2213 million and makes up 36.04%, 9.40%, 8.21%, 6.86%, 6.12% of the total binational imports and exports. These values were also up 8.73%, up 795.11%, up 22.35%, up 16.13%, down 8.83% comparing to the same period last year.

During the current year until 202301, 26, 25, 99, 71, 10 were the top five traded commodities exported to China from AUSTRALIA, with export values of 6764.0946 million, 1759.1514 million, 1250.9974 million, 507.9515 million, 340.8307 million. These values account for 58.90%, 15.32%, 10.89%, 4.42%, 2.97% of AUSTRALIA's total exports and were up 8.72%, up 809.76%, up 20.70%, down 32.77%, up 47.83% comparing to the same period of last year.

During the current year until 202301, 85, 84, 87, 27, 94 were AUSTRALIA's top five traded commodities importing from China , with import values of 1532.8335 million, 1131.4768 million, 567.4744 million, 391.3856 million, 364.2356 million. These values account for 21.04%, 15.53%, 7.79%, 5.37%, 5.00% of AUSTRALIA's total imports and were up 22.81%, down 9.52%, up 103.65%, up 1475.87%, down 15.35% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Australian Bureau of Statistics