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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202007

 1.  Overview the trade of AUSTRALIA in goods current year until 202007

According to Dalian Infobank, in 202007AUSTRALIA's exports and imports of goods amounted to 39202.3538 million, and were down 10.41% comparing with the same period of last year. Among these, exports were down 17.65% at 20335.7294 million, and imports were down 1.02% at 18866.6244 million. And the corresponding trade surplus was 1469.1051 million and down 73.92%.

During the current year until 202007, AUSTRALIA's total exports and imports of goods were 254424.4175 million and were down 11.34% comparing to the same period of last year. Among these, exports were 139822.3311 million and down 12.11%; imports were 114602.0863 million and down 10.37%. The total trade surplus was 25220.2448 million and down 19.27%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, UNITED KINGDOM were AUSTRALIA's top five trading partners. During the current year until 202007, AUSTRALIA's imports and exports to five countries/territories were 88368.7318 million, 24518.4875 million, 22126.3460 million, 12205.5472 million, 8045.7227 million. These values correspond to 34.73%, 9.64%, 8.70%, 4.80%, 3.16% of AUSTRALIA's imports and exports, and, respectively, were down 3.71%, down 25.25%, up 10.10%, down 18.33%, down 3.92% comparing to the same period of last year.

Current year until 202007, 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 202007, AUSTRALIA's exports to these five countries/territories were 56480.3356 million, 17895.6697 million, 8747.2010 million, 8154.4539 million, 5376.4280 million. These values correspond to 40.39%, 12.80%, 6.26%, 5.83%, 3.85% of AUSTRALIA's exports and, respectively, were down 6.16%, down 24.16%, down 12.43%, up 36.59%, up 2.96% comparing with the same period of last year.

Current year until 202007, 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 202007, AUSTRALIA's imports from these five countries/territories were 31888.3962 million, 13971.8920 million, 6622.8178 million, 5400.0071 million, 5339.5676 million. These values correspond to 27.83%, 12.19%, 5.78%, 4.71%, 4.66% of AUSTRALIA's total imports and, respectively, were up 0.97%, down 1.09%, down 28.07%, down 13.81%, down 18.43% comparing with the same period of last year.

During the current year until 202007, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, UNITED KINGDOM, TAIWAN at 24591.9394 million, 11272.8520 million, 5288.8548 million, 2707.1333 million, 2074.6556 million, and down 14.04%, down 21.65%, up 5.07%, up 30.81%, down 33.03%. And the trade deficits were mainly from UNITED STATES, THAILAND, GERMANY, ITALY, FRANCE at 5817.4381 million, 3824.1622 million, 3816.2881 million, 2330.4221 million, 1878.9145 million, and down 28.67%, down 11.76%, down 28.27%, down 14.50%, up 7.02%.

Current year until 202007, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 27, 26, 84, 71, 85, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 49340.8998 million, 47117.8953 million, 19628.6919 million, 15640.5549 million, 14788.2492 million, which were down 28.61%, up 2.57%, down 6.96%, up 15.34%, down 5.60% comparing with the same period of last year and account for 19.39%, 18.52%, 7.71%, 6.15%, 5.81% of AUSTRALIA's total imports and exports.

During the current year until 202007, 26, 27, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 46825.0089 million, 39218.7229 million, 10790.8135 million, 5855.7864 million, 2898.3444 million. These values correspond to 33.49%, 28.05%, 7.72%, 4.19%, 2.07% of AUSTRALIA's total exports and, respectively, were up 2.48%, down 25.95%, up 7.69%, down 4.50%, down 26.79% comparing to the same period of last year.

During the current year until 202007, 84, 85, 87, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 17154.9111 million, 13184.3056 million, 11934.1658 million, 10122.1769 million, 5296.3508 million. These values correspond to 14.97%, 11.50%, 10.41%, 8.83%, 4.62% of AUSTRALIA's total exports and, respectively, were down 6.46%, down 4.39%, down 28.89%, down 37.31%, up 4.15% comparing to the same period of last year.


2. Current year until 202007, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202007, AUSTRALIA-China binational exports and imports of goods amounted to 88368.7318 million and were down 3.71% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 56480.3356 million and down 6.16%, imports from China to AUSTRALIA were 31888.3962 million and up 0.97%. The total binational trade surplus was 24591.9394 million and down 14.04%.

During the urrent year until 202007, 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 35857.0914 million, 7314.6121 million, 6894.6853 million, 6345.8393 million, 6290.0310 million and makes up 40.58%, 8.28%, 7.80%, 7.18%, 7.12% of the total binational imports and exports. These values were also up 5.24%, down 13.69%, down 1.24%, down 18.57%, up 5.99% comparing to the same period last year.

During the current year until 202007, 26, 99, 27, 02, 51 were the top five traded commodities exported to China from AUSTRALIA, with export values of 35853.7950 million, 7034.9967 million, 5486.3021 million, 1221.4001 million, 767.8223 million. These values account for 63.48%, 12.46%, 9.71%, 2.16%, 1.36% of AUSTRALIA's total exports and were up 5.24%, down 13.97%, down 12.65%, down 4.63%, down 35.89% comparing to the same period of last year.

During the current year until 202007, 85, 84, 94, 39, 63 were AUSTRALIA's top five traded commodities importing from China , with import values of 6800.3404 million, 6166.1701 million, 1730.9202 million, 1439.0055 million, 1388.0489 million. These values account for 21.33%, 19.34%, 5.43%, 4.51%, 4.35% of AUSTRALIA's total imports and were down 0.76%, up 6.65%, down 3.29%, up 17.04%, up 173.65% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics