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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202001

 1.  Overview the trade of AUSTRALIA in goods current year until 202001

According to Dalian Infobank, in 202001AUSTRALIA's exports and imports of goods amounted to 37272.3945 million, and were down 8.12% comparing with the same period of last year. Among these, exports were down 8.54% at 19442.0853 million, and imports were down 7.65% at 17830.3091 million. And the corresponding trade surplus was 1611.7762 million and down 17.33%.

During the current year until 202001, AUSTRALIA's total exports and imports of goods were 37272.3945 million and were down 8.12% comparing to the same period of last year. Among these, exports were 19442.0853 million and down 8.54%; imports were 17830.3091 million and down 7.65%. The total trade surplus was 1611.7762 million and down 17.33%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202001, AUSTRALIA's imports and exports to five countries/territories were 12602.4613 million, 3977.8633 million, 2675.9861 million, 1934.0985 million, 1364.7801 million. These values correspond to 33.81%, 10.67%, 7.18%, 5.19%, 3.66% of AUSTRALIA's imports and exports, and, respectively, were up 0.65%, down 18.06%, up 3.42%, down 10.40%, up 21.04% comparing to the same period of last year.

Current year until 202001, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, SINGAPORE, UNITED STATES are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202001, AUSTRALIA's exports to these five countries/territories were 7512.6140 million, 2927.0699 million, 1368.1341 million, 841.5474 million, 668.9474 million. These values correspond to 38.64%, 15.06%, 7.04%, 4.33%, 3.44% of AUSTRALIA's exports and, respectively, were up 8.56%, down 20.94%, up 0.70%, up 46.92%, down 2.52% comparing with the same period of last year.

Current year until 202001, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, GERMANY, MALAYSIA are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202001, AUSTRALIA's imports from these five countries/territories were 5089.8473 million, 2007.0387 million, 1050.7934 million, 802.7527 million, 694.7175 million. These values correspond to 28.55%, 11.26%, 5.89%, 4.50%, 3.90% of AUSTRALIA's total imports and, respectively, were down 9.12%, up 5.57%, down 8.80%, down 16.63%, down 4.82% comparing with the same period of last year.

During the current year until 202001, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, SINGAPORE at 2422.7667 million, 1876.2764 million, 802.1696 million, 583.9924 million, 318.3146 million, and up 83.59%, down 26.42%, up 43.58%, down 30.92%, up 1663.02%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, FRANCE at 1338.0913 million, 548.7585 million, 418.3113 million, 371.7480 million, 327.9282 million, and up 10.13%, down 23.95%, down 0.99%, down 16.80%, up 36.13%.

Current year until 202001, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 27, 26, 84, 85, 87, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 9037.7437 million, 5896.4990 million, 2812.0722 million, 2078.5560 million, 2064.9466 million, which were down 15.73%, up 17.77%, down 11.09%, down 7.64%, down 8.43% comparing with the same period of last year and account for 24.25%, 15.82%, 7.54%, 5.58%, 5.54% of AUSTRALIA's total imports and exports.

During the current year until 202001, 27, 26, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 6733.0568 million, 5851.2835 million, 1074.6824 million, 768.5739 million, 425.4170 million. These values correspond to 34.63%, 30.10%, 5.53%, 3.95%, 2.19% of AUSTRALIA's total exports and, respectively, were down 19.52%, up 17.69%, down 34.85%, up 26.91%, down 33.02% comparing to the same period of last year.

During the current year until 202001, 84, 27, 87, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 2519.8223 million, 2304.6869 million, 1992.2178 million, 1862.8465 million, 679.8299 million. These values correspond to 14.13%, 12.93%, 11.17%, 10.45%, 3.81% of AUSTRALIA's total exports and, respectively, were down 11.85%, down 2.31%, down 8.42%, down 8.38%, down 11.55% comparing to the same period of last year.


2. Current year until 202001, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202001, AUSTRALIA-China binational exports and imports of goods amounted to 12602.4613 million and were up 0.65% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 7512.6140 million and up 8.56%, imports from China to AUSTRALIA were 5089.8473 million and down 9.12%. The total binational trade surplus was 2422.7667 million and up 83.59%.

During the urrent year until 202001, commodities with hs2 code, 26, 99, 27, 85, 84, were binational trade's top five traded commodities. They correspond to import and export values of 4448.0618 million, 1175.1840 million, 1090.1122 million, 1035.8218 million, 891.1591 million and makes up 35.30%, 9.33%, 8.65%, 8.22%, 7.07% of the total binational imports and exports. These values were also up 22.51%, down 9.09%, up 9.04%, down 9.25%, down 16.32% comparing to the same period last year.

During the current year until 202001, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 4447.8111 million, 1137.1058 million, 866.6914 million, 195.1229 million, 103.2690 million. These values account for 59.20%, 15.14%, 11.54%, 2.60%, 1.37% of AUSTRALIA's total exports and were up 22.52%, down 7.95%, up 8.92%, up 84.67%, down 15.96% comparing to the same period of last year.

During the current year until 202001, 85, 84, 94, 39, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 1027.3385 million, 881.9483 million, 323.6075 million, 236.2160 million, 233.6553 million. These values account for 20.18%, 17.33%, 6.36%, 4.64%, 4.59% of AUSTRALIA's total imports and were down 8.67%, down 15.97%, down 3.23%, up 2.78%, down 6.00% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics