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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202006

 1.  Overview the trade of AUSTRALIA in goods current year until 202006

According to Dalian Infobank, in 202006AUSTRALIA's exports and imports of goods amounted to 37869.9516 million, and were down 8.46% comparing with the same period of last year. Among these, exports were down 13.07% at 21177.5114 million, and imports were down 1.87% at 16692.4403 million. And the corresponding trade surplus was 4485.0711 million and down 38.98%.

During the current year until 202006, AUSTRALIA's total exports and imports of goods were 215222.0636 million and were down 11.50% comparing to the same period of last year. Among these, exports were 119486.6017 million and down 11.10%; imports were 95735.4620 million and down 12.00%. The total trade surplus was 23751.1397 million and down 7.25%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202006, AUSTRALIA's imports and exports to five countries/territories were 74462.6781 million, 21500.6617 million, 18024.9182 million, 10601.0689 million, 6125.6391 million. These values correspond to 34.60%, 9.99%, 8.38%, 4.93%, 2.85% of AUSTRALIA's imports and exports, and, respectively, were down 3.62%, down 22.49%, up 4.34%, down 16.69%, down 13.38% comparing to the same period of last year.

Current year until 202006, 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 202006, AUSTRALIA's exports to these five countries/territories were 48164.0186 million, 15852.9337 million, 7713.9349 million, 6477.9098 million, 3821.1804 million. These values correspond to 40.31%, 13.27%, 6.46%, 5.42%, 3.20% of AUSTRALIA's exports and, respectively, were down 4.56%, down 20.44%, down 8.96%, up 26.98%, up 0.56% comparing with the same period of last year.

Current year until 202006, 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 202006, AUSTRALIA's imports from these five countries/territories were 26298.6595 million, 11547.0085 million, 5647.7280 million, 4560.0561 million, 4529.8822 million. These values correspond to 27.47%, 12.06%, 5.90%, 4.76%, 4.73% of AUSTRALIA's total imports and, respectively, were down 1.84%, down 5.14%, down 27.71%, down 18.02%, down 11.82% comparing with the same period of last year.

During the current year until 202006, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, HONG KONG, TAIWAN at 21865.3591 million, 10205.2057 million, 4826.8008 million, 1891.8272 million, 1818.6665 million, and down 7.65%, down 15.76%, up 14.32%, down 29.11%, down 31.41%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, FRANCE at 5069.0987 million, 3225.5199 million, 3119.9175 million, 1956.8019 million, 1637.5705 million, and down 28.32%, down 28.11%, down 9.26%, down 15.76%, up 5.96%.

Current year until 202006, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 43442.4157 million, 39750.7191 million, 16364.0932 million, 12288.1773 million, 12090.5009 million, which were down 26.60%, up 4.50%, down 8.94%, down 7.95%, up 11.32% comparing with the same period of last year and account for 20.18%, 18.47%, 7.60%, 5.71%, 5.62% of AUSTRALIA's total imports and exports.

During the current year until 202006, 26, 27, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 39497.5223 million, 34733.0640 million, 8171.4562 million, 5111.8225 million, 2475.8618 million. These values correspond to 33.06%, 29.07%, 6.84%, 4.28%, 2.07% of AUSTRALIA's total exports and, respectively, were up 4.33%, down 23.52%, up 1.65%, down 1.31%, down 27.50% comparing to the same period of last year.

During the current year until 202006, 84, 85, 87, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 14265.2051 million, 10928.5861 million, 10117.3953 million, 8709.3516 million, 4584.9697 million. These values correspond to 14.90%, 11.42%, 10.57%, 9.10%, 4.79% of AUSTRALIA's total exports and, respectively, were down 8.76%, down 7.02%, down 29.57%, down 36.75%, up 7.37% comparing to the same period of last year.


2. Current year until 202006, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202006, AUSTRALIA-China binational exports and imports of goods amounted to 74462.6781 million and were down 3.62% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 48164.0186 million and down 4.56%, imports from China to AUSTRALIA were 26298.6595 million and down 1.84%. The total binational trade surplus was 21865.3591 million and down 7.65%.

During the urrent year until 202006, commodities with hs2 code, 26, 99, 85, 27, 84, were binational trade's top five traded commodities. They correspond to import and export values of 30072.3804 million, 6363.2777 million, 5741.2769 million, 5650.0339 million, 5197.9304 million and makes up 40.39%, 8.55%, 7.71%, 7.59%, 6.98% of the total binational imports and exports. These values were also up 7.00%, down 12.71%, down 2.94%, down 12.11%, up 3.27% comparing to the same period last year.

During the current year until 202006, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 30069.6655 million, 6134.4185 million, 4839.9045 million, 1109.5744 million, 672.0788 million. These values account for 62.43%, 12.74%, 10.05%, 2.30%, 1.40% of AUSTRALIA's total exports and were up 7.00%, down 12.75%, down 7.82%, up 4.45%, down 37.39% comparing to the same period of last year.

During the current year until 202006, 85, 84, 94, 39, 73 were AUSTRALIA's top five traded commodities importing from China , with import values of 5661.7237 million, 5090.6155 million, 1365.5456 million, 1176.7895 million, 1061.9946 million. These values account for 21.53%, 19.36%, 5.19%, 4.47%, 4.04% of AUSTRALIA's total imports and were down 2.47%, up 3.66%, down 9.78%, up 12.43%, down 6.39% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics