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Monitor Report of AUSTRALIA trade and AUSTRALIA-China binational trade in 202107

 1.  Overview the trade of AUSTRALIA in goods current year until 202107

According to Dalian Infobank, in 202107AUSTRALIA's exports and imports of goods amounted to 53516.8317 million, and were up 37.05% comparing with the same period of last year. Among these, exports were up 55.85% at 31500.4720 million, and imports were up 16.89% at 22016.3597 million. And the corresponding trade surplus was 9484.1123 million and up 588.91%.

During the current year until 202107, AUSTRALIA's total exports and imports of goods were 344754.1075 million and were up 35.32% comparing to the same period of last year. Among these, exports were 197460.5446 million and up 40.92%; imports were 147293.5630 million and up 28.47%. The total trade surplus was 50166.9816 million and up 97.00%.

If considering by country (region), CHINA, JAPAN, UNITED STATES, SOUTH KOREA, SINGAPORE were AUSTRALIA's top five trading partners. During the current year until 202107, AUSTRALIA's imports and exports to five countries/territories were 125031.1276 million, 32130.9956 million, 22724.6864 million, 19028.4792 million, 10899.7211 million. These values correspond to 36.27%, 9.32%, 6.59%, 5.52%, 3.16% of AUSTRALIA's imports and exports, and, respectively, were up 41.84%, up 31.06%, up 2.68%, up 55.11%, up 51.60% comparing to the same period of last year.

Current year until 202107, AUSTRALIA and the top five trade partners CHINA, JAPAN, SOUTH KOREA, UNITED STATES, INDIA are the top five countries/territories that AUSTRALIA exports to in terms of the total export amount. During the current year until 202107, AUSTRALIA's exports to these five countries/territories were 85904.9829 million, 22751.9425 million, 13752.1851 million, 7017.8779 million, 6844.2525 million. These values correspond to 43.50%, 11.52%, 6.96%, 3.55%, 3.47% of AUSTRALIA's exports and, respectively, were up 52.74%, up 27.07%, up 56.36%, down 13.96%, up 104.36% comparing with the same period of last year.

Current year until 202107, 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 202107, AUSTRALIA's imports from these five countries/territories were 39126.1447 million, 15706.8085 million, 9379.0531 million, 6936.6882 million, 6743.2653 million. These values correspond to 26.56%, 10.66%, 6.37%, 4.71%, 4.58% of AUSTRALIA's total imports and, respectively, were up 22.63%, up 12.39%, up 41.85%, up 28.42%, up 26.21% comparing with the same period of last year.

During the current year until 202107, the trade surplus of AUSTRALIA was mainly from CHINA, JAPAN, SOUTH KOREA, INDIA, TAIWAN at 46778.8382 million, 13372.8894 million, 8475.8910 million, 3609.5801 million, 3399.7470 million, and up 92.22%, up 18.42%, up 59.26%, up 159.09%, up 67.35%. And the trade deficits were mainly from UNITED STATES, GERMANY, THAILAND, ITALY, MALAYSIA at 8688.9306 million, 5141.6660 million, 4064.2386 million, 3184.0105 million, 2710.5995 million, and up 49.31%, up 34.68%, up 6.51%, up 36.28%, up 181.47%.

Current year until 202107, AUSTRALIA's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 26, 27, 84, 87, 85, were AUSTRALIA's top five traded commodities. They correspond to the import and export values of 88869.6569 million, 55672.6290 million, 24468.7474 million, 22090.6619 million, 18394.8836 million, which were up 86.34%, up 13.61%, up 24.64%, up 75.94%, up 24.33% comparing with the same period of last year and account for 25.78%, 16.15%, 7.10%, 6.41%, 5.34% of AUSTRALIA's total imports and exports.

During the current year until 202107, 26, 27, 71, 10, 02 were AUSTRALIA's top five traded commodities, with total import and export values of 88429.4970 million, 41430.9893 million, 12663.7395 million, 6059.1610 million, 5984.7957 million. These values correspond to 44.78%, 20.98%, 6.41%, 3.07%, 3.03% of AUSTRALIA's total exports and, respectively, were up 86.56%, up 6.55%, up 17.32%, up 171.28%, up 2.17% comparing to the same period of last year.

During the current year until 202107, 84, 87, 85, 27, 30 were AUSTRALIA's top five traded commodities, with total import values of 21824.6234 million, 21282.9587 million, 16355.4377 million, 14241.6396 million, 5789.4564 million. These values correspond to 14.82%, 14.45%, 11.10%, 9.67%, 3.93% of AUSTRALIA's total exports and, respectively, were up 27.21%, up 78.27%, up 23.99%, up 40.76%, up 9.27% comparing to the same period of last year.


2. Current year until 202107, AUSTRALIA binational trade profile

According to Dalian Infobank, during the current year until 202107, AUSTRALIA-China binational exports and imports of goods amounted to 125031.1276 million and were up 41.84% comparing with the same period of last year. Among these, exports from AUSTRALIA to China were 85904.9829 million and up 52.74%, imports from China to AUSTRALIA were 39126.1447 million and up 22.63%. The total binational trade surplus was 46778.8382 million and up 92.22%.

During the urrent year until 202107, commodities with hs2 code, 26, 99, 85, 84, 94, were binational trade's top five traded commodities. They correspond to import and export values of 68613.5615 million, 7836.7617 million, 7752.1348 million, 7510.8671 million, 2406.1471 million and makes up 54.88%, 6.27%, 6.20%, 6.01%, 1.92% of the total binational imports and exports. These values were also up 92.32%, up 6.64%, up 12.39%, up 19.34%, up 38.23% comparing to the same period last year.

During the current year until 202107, 26, 99, 71, 51, 02 were the top five traded commodities exported to China from AUSTRALIA, with export values of 68610.0335 million, 7447.5378 million, 2081.4824 million, 1221.5520 million, 1179.9405 million. These values account for 79.87%, 8.67%, 2.42%, 1.42%, 1.37% of AUSTRALIA's total exports and were up 92.33%, up 5.35%, up 206029.39%, up 59.04%, down 3.40% comparing to the same period of last year.

During the current year until 202107, 85, 84, 94, 87, 39 were AUSTRALIA's top five traded commodities importing from China , with import values of 7638.0675 million, 7383.3264 million, 2395.0872 million, 2197.6283 million, 1685.8653 million. These values account for 19.52%, 18.87%, 6.12%, 5.62%, 4.31% of AUSTRALIA's total imports and were up 12.27%, up 19.68%, up 38.28%, up 186.70%, up 17.09% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Australian Bureau of Statistics