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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202004

 1.  Overview the trade of AUSTRALIA in goods current year until 202004

According to Dalian Infobank, in 202004AUSTRALIA's exports and imports of goods amounted to 35241.3214 million, and were down 12.93% comparing with the same period of last year. Among these, exports were down 12.01% at 19497.1863 million, and imports were down 14.04% at 15744.1351 million. And the corresponding trade surplus was 3753.0512 million and down 2.29%.

During the current year until 202004, AUSTRALIA's total exports and imports of goods were 143509.5409 million and were down 9.72% comparing to the same period of last year. Among these, exports were 79453.8795 million and down 8.03%; imports were 64055.6614 million and down 11.73%. The total trade surplus was 15398.2181 million and up 11.41%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202004, AUSTRALIA's imports and exports to five countries/territories were 45830.8397 million, 15719.2752 million, 12280.7114 million, 7375.8590 million, 4422.6787 million. These values correspond to 31.94%, 10.95%, 8.56%, 5.14%, 3.08% of AUSTRALIA's imports and exports, and, respectively, were down 6.66%, down 16.07%, up 8.97%, down 8.91%, down 1.31% comparing to the same period of last year.

Current year until 202004, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, UNITED STATES, SINGAPORE are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202004, AUSTRALIA's exports to these five countries/territories were 29887.8528 million, 11327.5751 million, 5315.3072 million, 4124.3947 million, 2648.2711 million. These values correspond to 37.62%, 14.26%, 6.69%, 5.19%, 3.33% of AUSTRALIA's exports and, respectively, were down 4.08%, down 16.52%, up 0.62%, up 26.81%, up 17.35% comparing with the same period of last year.

Current year until 202004, 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 202004, AUSTRALIA's imports from these five countries/territories were 15942.9869 million, 8156.3166 million, 4391.7001 million, 3159.2334 million, 3036.8010 million. These values correspond to 24.89%, 12.73%, 6.86%, 4.93%, 4.74% of AUSTRALIA's total imports and, respectively, were down 11.14%, up 1.73%, down 14.90%, down 6.96%, down 20.82% comparing with the same period of last year.

During the current year until 202004, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, INDIA at 13944.8659 million, 6935.8750 million, 3254.7554 million, 1594.7162 million, 1163.0885 million, and up 5.50%, down 17.51%, up 31.90%, down 22.90%, down 48.04%. And the trade deficits were mainly from UNITED STATES, THAILAND, GERMANY, ITALY, FRANCE at 4031.9219 million, 2172.7285 million, 2085.8000 million, 1335.5773 million, 1163.6530 million, and down 15.38%, down 3.28%, down 33.28%, down 15.84%, up 16.00%.

Current year until 202004, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 31508.8104 million, 24368.9443 million, 10540.6033 million, 8170.1481 million, 7749.1861 million, which were down 20.32%, up 8.29%, down 10.59%, down 18.90%, up 5.55% comparing with the same period of last year and account for 21.96%, 16.98%, 7.34%, 5.69%, 5.40% of AUSTRALIA's total imports and exports.

During the current year until 202004, 27, 26, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 24842.2150 million, 24190.4010 million, 5468.2290 million, 3412.8354 million, 1724.8631 million. These values correspond to 31.27%, 30.45%, 6.88%, 4.30%, 2.17% of AUSTRALIA's total exports and, respectively, were down 18.17%, up 8.25%, down 1.17%, up 2.52%, down 25.04% comparing to the same period of last year.

During the current year until 202004, 84, 87, 85, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 9111.5558 million, 7805.6682 million, 6845.3117 million, 6666.5954 million, 3014.3522 million. These values correspond to 14.22%, 12.19%, 10.69%, 10.41%, 4.71% of AUSTRALIA's total exports and, respectively, were down 11.39%, down 19.30%, down 10.92%, down 27.44%, up 6.11% comparing to the same period of last year.


2. Current year until 202004, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202004, AUSTRALIA-China binational exports and imports of goods amounted to 45830.8397 million and were down 6.66% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 29887.8528 million and down 4.08%, imports from China to AUSTRALIA were 15942.9869 million and down 11.14%. The total binational trade surplus was 13944.8659 million and up 5.50%.

During the urrent year until 202004, 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 18340.3674 million, 4198.9798 million, 3562.2853 million, 3477.9958 million, 3069.0292 million and makes up 40.02%, 9.16%, 7.77%, 7.59%, 6.70% of the total binational imports and exports. These values were also up 10.29%, down 13.48%, down 10.40%, down 9.40%, down 6.69% comparing to the same period last year.

During the current year until 202004, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 18338.9022 million, 4068.8883 million, 2842.3172 million, 729.5238 million, 491.5155 million. These values account for 61.36%, 13.61%, 9.51%, 2.44%, 1.64% of AUSTRALIA's total exports and were up 10.29%, down 12.98%, down 11.04%, up 9.69%, down 36.73% comparing to the same period of last year.

During the current year until 202004, 85, 84, 94, 27, 61 were AUSTRALIA's top five traded commodities importing from China , with import values of 3428.7576 million, 3004.5186 million, 816.4455 million, 719.9681 million, 653.7166 million. These values account for 21.51%, 18.85%, 5.12%, 4.52%, 4.10% of AUSTRALIA's total imports and were down 9.12%, down 6.56%, down 18.34%, down 7.76%, down 20.08% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics