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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202008

 1.  Overview the trade of AUSTRALIA in goods current year until 202008

According to Dalian Infobank, in 202008AUSTRALIA's exports and imports of goods amounted to 38401.4885 million, and were down 6.51% comparing with the same period of last year. Among these, exports were down 11.09% at 20387.0856 million, and imports were down 0.73% at 18014.4029 million. And the corresponding trade surplus was 2372.6828 million and down 50.39%.

During the current year until 202008, AUSTRALIA's total exports and imports of goods were 292825.9059 million and were down 10.73% comparing to the same period of last year. Among these, exports were 160209.4168 million and down 11.99%; imports were 132616.4892 million and down 9.17%. The total trade surplus was 27592.9276 million and down 23.40%.

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 202008, AUSTRALIA's imports and exports to five countries/territories were 101921.1470 million, 27734.6126 million, 25171.3845 million, 13853.2305 million, 9161.1861 million. These values correspond to 34.81%, 9.47%, 8.60%, 4.73%, 3.13% of AUSTRALIA's imports and exports, and, respectively, were down 3.26%, down 25.77%, up 8.46%, down 19.67%, down 6.89% comparing to the same period of last year.

Current year until 202008, 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 202008, AUSTRALIA's exports to these five countries/territories were 65038.1829 million, 20157.3508 million, 9904.6990 million, 9252.8104 million, 6054.2581 million. These values correspond to 40.60%, 12.58%, 6.18%, 5.78%, 3.78% of AUSTRALIA's exports and, respectively, were down 6.50%, down 25.12%, down 13.98%, up 35.24%, down 3.56% comparing with the same period of last year.

Current year until 202008, 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 202008, AUSTRALIA's imports from these five countries/territories were 36882.9641 million, 15918.5741 million, 7577.2618 million, 6361.0601 million, 6340.2531 million. These values correspond to 27.81%, 12.00%, 5.71%, 4.80%, 4.78% of AUSTRALIA's total imports and, respectively, were up 3.02%, down 2.74%, down 27.45%, down 15.00%, down 15.09% comparing with the same period of last year.

During the current year until 202008, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, UNITED KINGDOM, HONG KONG at 28155.2188 million, 12580.0890 million, 5956.1675 million, 2947.3301 million, 2430.3606 million, and down 16.59%, down 23.64%, up 2.99%, up 8.50%, down 26.56%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, FRANCE at 6665.7637 million, 4674.1609 million, 4564.5074 million, 2756.5951 million, 2176.9363 million, and down 30.02%, down 23.50%, down 15.37%, down 11.58%, up 7.69%.

Current year until 202008, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202008,  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 55452.0091 million, 55343.6547 million, 22720.7447 million, 17537.9214 million, 17180.3840 million, which were down 29.77%, up 3.92%, down 5.18%, up 9.63%, down 3.29% comparing with the same period of last year and account for 18.94%, 18.90%, 7.76%, 5.99%, 5.87% of AUSTRALIA's total imports and exports.

During the current year until 202008, 26, 27, 71, 02, 28 were AUSTRALIA's top five traded commodities, with total import and export values of 55012.2383 million, 43925.7198 million, 11853.8610 million, 6704.6241 million, 3345.9101 million. These values correspond to 34.34%, 27.42%, 7.40%, 4.18%, 2.09% of AUSTRALIA's total exports and, respectively, were up 4.01%, down 27.31%, up 2.64%, down 5.20%, down 24.94% comparing to the same period of last year.

During the current year until 202008, 84, 85, 87, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 19881.7854 million, 15303.4429 million, 14054.6051 million, 11526.2893 million, 6016.0099 million. These values correspond to 14.99%, 11.54%, 10.60%, 8.69%, 4.54% of AUSTRALIA's total exports and, respectively, were down 4.42%, down 2.06%, down 26.21%, down 37.81%, up 4.65% comparing to the same period of last year.


2. Current year until 202008, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202008, AUSTRALIA-China binational exports and imports of goods amounted to 101921.1470 million and were down 3.26% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 65038.1829 million and down 6.50%, imports from China to AUSTRALIA were 36882.9641 million and up 3.02%. The total binational trade surplus was 28155.2188 million and down 16.59%.

During the urrent year until 202008, commodities with hs2 code, 26, 99, 85, 84, 27, were binational trade's top five traded commodities. They correspond to import and export values of 41909.8877 million, 8168.7091 million, 7869.8223 million, 7211.6928 million, 6862.1833 million and makes up 41.12%, 8.01%, 7.72%, 7.08%, 6.73% of the total binational imports and exports. These values were also up 5.65%, down 17.37%, down 0.18%, up 8.21%, down 23.12% comparing to the same period last year.

During the current year until 202008, 26, 99, 27, 02, 74 were the top five traded commodities exported to China from AUSTRALIA, with export values of 41906.1307 million, 7846.3515 million, 5949.4695 million, 1371.6234 million, 839.8799 million. These values account for 64.43%, 12.06%, 9.15%, 2.11%, 1.29% of AUSTRALIA's total exports and were up 5.65%, down 17.86%, down 17.45%, down 8.82%, up 8.03% comparing to the same period of last year.

During the current year until 202008, 85, 84, 94, 63, 39 were AUSTRALIA's top five traded commodities importing from China , with import values of 7759.1521 million, 7061.2847 million, 2065.4133 million, 1707.2896 million, 1664.1023 million. These values account for 21.04%, 19.15%, 5.60%, 4.63%, 4.51% of AUSTRALIA's total imports and were up 0.33%, up 8.86%, up 0.22%, up 199.25%, up 18.38% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics