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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202003

 1.  Overview the trade of AUSTRALIA in goods current year until 202003

According to Dalian Infobank, in 202003AUSTRALIA's exports and imports of goods amounted to 37775.3338 million, and were down 5.02% comparing with the same period of last year. Among these, exports were up 0.10% at 22150.2914 million, and imports were down 11.44% at 15625.0424 million. And the corresponding trade surplus was 6525.2490 million and up 45.54%.

During the current year until 202003, AUSTRALIA's total exports and imports of goods were 108268.2195 million and were down 8.62% comparing to the same period of last year. Among these, exports were 59956.6932 million and down 6.66%; imports were 48311.5262 million and down 10.95%. The total trade surplus was 11645.1670 million and up 16.68%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202003, AUSTRALIA's imports and exports to five countries/territories were 32882.5159 million, 12146.8708 million, 8766.7882 million, 5574.7595 million, 3476.3934 million. These values correspond to 30.37%, 11.22%, 8.10%, 5.15%, 3.21% of AUSTRALIA's imports and exports, and, respectively, were down 8.89%, down 15.79%, up 6.65%, down 7.04%, up 4.05% comparing to the same period of last year.

Current year until 202003, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, UNITED STATES, UNITED KINGDOM are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202003, AUSTRALIA's exports to these five countries/territories were 21848.6699 million, 8754.0969 million, 3969.0372 million, 2581.6161 million, 2134.0369 million. These values correspond to 36.44%, 14.60%, 6.62%, 4.31%, 3.56% of AUSTRALIA's exports and, respectively, were down 3.23%, down 17.07%, up 1.65%, up 6.11%, up 22.25% comparing with the same period of last year.

Current year until 202003, AUSTRALIA's exports to top five countries/territories CHINA, UNITED STATES, JAPAN, THAILAND, GERMANY are the top five countries/territories that AUSTRALIA imports from in terms of the total export amount. During the current year until 202003, AUSTRALIA's imports from these five countries/territories were 11033.8459 million, 6185.1720 million, 3392.7739 million, 2457.6780 million, 2273.7848 million. These values correspond to 22.84%, 12.80%, 7.02%, 5.09%, 4.71% of AUSTRALIA's total imports and, respectively, were down 18.35%, up 6.88%, down 12.28%, down 2.55%, down 21.75% comparing with the same period of last year.

During the current year until 202003, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, INDIA at 10814.8240 million, 5361.3231 million, 2363.3148 million, 1425.1547 million, 920.5686 million, and up 19.32%, down 19.84%, up 30.40%, down 18.32%, down 37.01%. And the trade deficits were mainly from UNITED STATES, THAILAND, GERMANY, ITALY, FRANCE at 3603.5559 million, 1700.3759 million, 1541.6089 million, 1050.2372 million, 899.3940 million, and up 7.44%, down 3.22%, down 33.05%, down 14.26%, up 31.20%.

Current year until 202003, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202003,  commodities with hs2 codes, 27, 26, 84, 87, 71, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 24479.5765 million, 17836.1304 million, 7667.7496 million, 6347.3533 million, 6083.4224 million, which were down 18.20%, up 10.03%, down 12.38%, down 15.08%, up 7.95% comparing with the same period of last year and account for 22.61%, 16.47%, 7.08%, 5.86%, 5.62% of AUSTRALIA's total imports and exports.

During the current year until 202003, 27, 26, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 18969.1843 million, 17687.5178 million, 4240.8201 million, 2611.3129 million, 1279.5817 million. These values correspond to 31.64%, 29.50%, 7.07%, 4.36%, 2.13% of AUSTRALIA's total exports and, respectively, were down 17.73%, up 9.99%, down 0.11%, up 8.43%, down 27.60% comparing to the same period of last year.

During the current year until 202003, 84, 87, 27, 85, 30 were AUSTRALIA's top five traded commodities, with total import values of 6575.4728 million, 6051.5188 million, 5510.3922 million, 5014.1792 million, 2178.0415 million. These values correspond to 13.61%, 12.53%, 11.41%, 10.38%, 4.51% of AUSTRALIA's total exports and, respectively, were down 13.85%, down 15.80%, down 19.78%, down 11.65%, up 2.14% comparing to the same period of last year.


2. Current year until 202003, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202003, AUSTRALIA-China binational exports and imports of goods amounted to 32882.5159 million and were down 8.89% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 21848.6699 million and down 3.23%, imports from China to AUSTRALIA were 11033.8459 million and down 18.35%. The total binational trade surplus was 10814.8240 million and up 19.32%.

During the urrent year until 202003, 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 13373.5873 million, 3001.9731 million, 2765.9587 million, 2407.0171 million, 2027.2074 million and makes up 40.67%, 9.13%, 8.41%, 7.32%, 6.17% of the total binational imports and exports. These values were also up 12.93%, down 19.52%, down 11.11%, down 14.10%, down 17.10% comparing to the same period last year.

During the current year until 202003, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 13373.0537 million, 2912.2503 million, 2203.7736 million, 530.1227 million, 362.7912 million. These values account for 61.21%, 13.33%, 10.09%, 2.43%, 1.66% of AUSTRALIA's total exports and were up 12.94%, down 19.01%, down 9.70%, up 14.09%, down 35.30% comparing to the same period of last year.

During the current year until 202003, 85, 84, 94, 27, 61 were AUSTRALIA's top five traded commodities importing from China , with import values of 2372.9310 million, 1983.3731 million, 576.2549 million, 562.1851 million, 488.9784 million. These values account for 21.51%, 17.98%, 5.22%, 5.10%, 4.43% of AUSTRALIA's total imports and were down 13.84%, down 16.91%, down 22.30%, down 16.21%, down 19.49% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics