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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202002

 1.  Overview the trade of AUSTRALIA in goods current year until 202002

According to Dalian Infobank, in 202002AUSTRALIA's exports and imports of goods amounted to 33220.4913 million, and were down 12.92% comparing with the same period of last year. Among these, exports were down 11.91% at 18364.3165 million, and imports were down 14.13% at 14856.1747 million. And the corresponding trade surplus was 3508.1418 million and down 1.11%.

During the current year until 202002, AUSTRALIA's total exports and imports of goods were 70492.8857 million and were down 10.44% comparing to the same period of last year. Among these, exports were 37806.4018 million and down 10.21%; imports were 32686.4839 million and down 10.71%. The total trade surplus was 5119.9180 million and down 6.86%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202002, AUSTRALIA's imports and exports to five countries/territories were 21949.7725 million, 7907.6797 million, 5235.9674 million, 3612.7517 million, 2478.2665 million. These values correspond to 31.14%, 11.22%, 7.43%, 5.12%, 3.52% of AUSTRALIA's imports and exports, and, respectively, were down 10.39%, down 15.73%, down 0.34%, down 12.88%, up 13.56% comparing to the same period of last year.

Current year until 202002, 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 202002, AUSTRALIA's exports to these five countries/territories were 13939.1389 million, 5707.9311 million, 2569.6070 million, 1488.9433 million, 1474.6081 million. These values correspond to 36.87%, 15.10%, 6.80%, 3.94%, 3.90% of AUSTRALIA's exports and, respectively, were down 4.91%, down 17.39%, down 1.87%, up 22.25%, down 2.71% comparing with the same period of last year.

Current year until 202002, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, GERMANY, THAILAND are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202002, AUSTRALIA's imports from these five countries/territories were 8010.6336 million, 3761.3594 million, 2199.7486 million, 1589.4724 million, 1512.5627 million. These values correspond to 24.51%, 11.51%, 6.73%, 4.86%, 4.63% of AUSTRALIA's total imports and, respectively, were down 18.55%, up 0.61%, down 11.09%, down 18.23%, down 6.82% comparing with the same period of last year.

During the current year until 202002, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, INDIA at 5928.5053 million, 3508.1825 million, 1526.4624 million, 739.6795 million, 520.4372 million, and up 22.91%, down 20.91%, up 40.03%, down 40.77%, down 40.47%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, FRANCE at 2286.7513 million, 1155.3561 million, 1003.8505 million, 709.2503 million, 579.1629 million, and up 2.88%, down 27.85%, down 3.04%, down 15.64%, up 20.74%.

Current year until 202002, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202002,  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 16630.6494 million, 11098.0255 million, 5074.4912 million, 4300.7848 million, 3746.5456 million, which were down 15.26%, up 3.39%, down 13.91%, down 13.22%, down 9.90% comparing with the same period of last year and account for 23.59%, 15.74%, 7.20%, 6.10%, 5.31% of AUSTRALIA's total imports and exports.

During the current year until 202002, 27, 26, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 12604.3666 million, 10978.3949 million, 1921.1876 million, 1709.0785 million, 854.4136 million. These values correspond to 33.34%, 29.04%, 5.08%, 4.52%, 2.26% of AUSTRALIA's total exports and, respectively, were down 17.33%, up 3.22%, down 39.58%, up 19.92%, down 23.73% comparing to the same period of last year.

During the current year until 202002, 84, 87, 27, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 4401.7175 million, 4116.3209 million, 4026.2828 million, 3278.8207 million, 1436.2873 million. These values correspond to 13.47%, 12.59%, 12.32%, 10.03%, 4.39% of AUSTRALIA's total exports and, respectively, were down 15.57%, down 13.88%, down 8.07%, down 11.23%, up 2.75% comparing to the same period of last year.


2. Current year until 202002, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202002, AUSTRALIA-China binational exports and imports of goods amounted to 21949.7725 million and were down 10.39% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 13939.1389 million and down 4.91%, imports from China to AUSTRALIA were 8010.6336 million and down 18.55%. The total binational trade surplus was 5928.5053 million and up 22.91%.

During the urrent year until 202002, commodities with hs2 code, 26, 27, 99, 85, 84, were binational trade's top five traded commodities. They correspond to import and export values of 8321.1457 million, 2009.7643 million, 1989.8947 million, 1608.0118 million, 1357.3487 million and makes up 37.91%, 9.16%, 9.07%, 7.33%, 6.18% of the total binational imports and exports. These values were also up 5.35%, up 0.08%, down 18.79%, down 16.31%, down 20.21% comparing to the same period last year.

During the current year until 202002, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 8320.7021 million, 1927.7947 million, 1571.4157 million, 364.4770 million, 210.4876 million. These values account for 59.69%, 13.83%, 11.27%, 2.61%, 1.51% of AUSTRALIA's total exports and were up 5.36%, down 18.05%, down 0.45%, up 34.56%, down 34.18% comparing to the same period of last year.

During the current year until 202002, 85, 84, 94, 27, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 1589.2596 million, 1338.0881 million, 476.3881 million, 438.3486 million, 366.6750 million. These values account for 19.84%, 16.70%, 5.95%, 5.47%, 4.58% of AUSTRALIA's total imports and were down 16.01%, down 19.78%, down 18.92%, up 2.04%, down 16.20% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics