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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202005

 1.  Overview the trade of AUSTRALIA in goods current year until 202005

According to Dalian Infobank, in 202005AUSTRALIA's exports and imports of goods amounted to 33842.5712 million, and were down 21.05% comparing with the same period of last year. Among these, exports were down 20.28% at 18855.2108 million, and imports were down 22.00% at 14987.3603 million. And the corresponding trade surplus was 3867.8505 million and down 12.82%.

During the current year until 202005, AUSTRALIA's total exports and imports of goods were 177352.1120 million and were down 12.13% comparing to the same period of last year. Among these, exports were 98309.0903 million and down 10.66%; imports were 79043.0217 million and down 13.88%. The total trade surplus was 19266.0687 million and up 5.52%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202005, AUSTRALIA's imports and exports to five countries/territories were 59593.5707 million, 18639.7773 million, 15377.7900 million, 8833.2104 million, 5123.7482 million. These values correspond to 33.60%, 10.51%, 8.67%, 4.98%, 2.89% of AUSTRALIA's imports and exports, and, respectively, were down 5.66%, down 19.37%, up 6.86%, down 15.52%, down 11.87% comparing to the same period of last year.

Current year until 202005, 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 202005, AUSTRALIA's exports to these five countries/territories were 38652.3534 million, 13655.2883 million, 6386.8772 million, 5605.1717 million, 3036.6494 million. These values correspond to 39.32%, 13.89%, 6.50%, 5.70%, 3.09% of AUSTRALIA's exports and, respectively, were down 4.65%, down 17.92%, down 7.80%, up 35.64%, up 5.13% comparing with the same period of last year.

Current year until 202005, 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 202005, AUSTRALIA's imports from these five countries/territories were 20941.2173 million, 9772.6183 million, 4984.4890 million, 3847.5144 million, 3835.2286 million. These values correspond to 26.49%, 12.36%, 6.31%, 4.87%, 4.85% of AUSTRALIA's total imports and, respectively, were down 7.46%, down 4.74%, down 23.08%, down 10.62%, down 20.05% comparing with the same period of last year.

During the current year until 202005, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, TAIWAN at 17711.1362 million, 8670.7993 million, 3940.5441 million, 1777.1599 million, 1392.1500 million, and down 1.10%, down 14.62%, up 15.93%, down 27.58%, down 37.79%. And the trade deficits were mainly from UNITED STATES, THAILAND, GERMANY, ITALY, FRANCE at 4167.4466 million, 2689.7949 million, 2677.9487 million, 1621.8152 million, 1397.7427 million, and down 31.98%, down 5.77%, down 30.99%, down 18.15%, up 9.68%.

Current year until 202005, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202005,  commodities with hs2 codes, 27, 26, 84, 85, 71, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 37420.5160 million, 31533.3986 million, 13420.1740 million, 9816.3234 million, 9675.9274 million, which were down 24.10%, up 4.79%, down 10.58%, down 12.11%, up 6.75% comparing with the same period of last year and account for 21.10%, 17.78%, 7.57%, 5.53%, 5.46% of AUSTRALIA's total imports and exports.

During the current year until 202005, 26, 27, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 31295.8280 million, 29857.5527 million, 6469.9865 million, 4279.0852 million, 2075.6520 million. These values correspond to 31.83%, 30.37%, 6.58%, 4.35%, 2.11% of AUSTRALIA's total exports and, respectively, were up 4.57%, down 20.69%, down 4.79%, up 1.05%, down 28.81% comparing to the same period of last year.

During the current year until 202005, 84, 87, 85, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 11653.3036 million, 8926.2237 million, 8711.2385 million, 7562.9633 million, 3776.7605 million. These values correspond to 14.74%, 11.29%, 11.02%, 9.57%, 4.78% of AUSTRALIA's total exports and, respectively, were down 10.95%, down 26.82%, down 11.56%, down 35.14%, up 4.53% comparing to the same period of last year.


2. Current year until 202005, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202005, AUSTRALIA-China binational exports and imports of goods amounted to 59593.5707 million and were down 5.66% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 38652.3534 million and down 4.65%, imports from China to AUSTRALIA were 20941.2173 million and down 7.46%. The total binational trade surplus was 17711.1362 million and down 1.10%.

During the urrent year until 202005, 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 23871.0696 million, 5237.1190 million, 4600.9496 million, 4520.7764 million, 4218.4077 million and makes up 40.06%, 8.79%, 7.72%, 7.59%, 7.08% of the total binational imports and exports. These values were also up 7.53%, down 14.21%, down 11.02%, down 8.99%, up 1.11% comparing to the same period last year.

During the current year until 202005, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 23869.1090 million, 5060.7430 million, 3823.0767 million, 940.8234 million, 578.8725 million. These values account for 61.75%, 13.09%, 9.89%, 2.43%, 1.50% of AUSTRALIA's total exports and were up 7.53%, down 13.97%, down 8.15%, up 10.04%, down 39.20% comparing to the same period of last year.

During the current year until 202005, 85, 84, 94, 39, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 4457.0361 million, 4128.5809 million, 1058.1852 million, 900.7237 million, 837.9991 million. These values account for 21.28%, 19.72%, 5.05%, 4.30%, 4.00% of AUSTRALIA's total imports and were down 8.59%, up 1.22%, down 16.54%, up 1.88%, down 11.82% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics