Trade Trend

In 2023, Australia's total export value is 431.36Billion USD, total import value is 300.94Billion USD, Surplus is 130.42Billion USD, and foreign trade dependency is 0.425. In 2023，Australia's top export products are Iron ores and concentrates; including roasted iron pyrites(90.48Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(68.71Billion USD), Commodities not specified according to kind(66.81Billion USD), top export destinations are China(135.30Billion USD), None(63.85Billion USD), Japan(57.12Billion USD). In 2023, Australia's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(35.15Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(24.88Billion USD), None(16.26Billion USD), top import origins are China(76.87Billion USD), United States(33.70Billion USD), South Korea(18.55Billion USD).

Comparing to 2022, Australia's total export value decreased -67.52Billion USD(-13.53%) in 2023, this could result from its export decreases of products such as Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-30.08Billion USD or -30.45%), Commodities not specified according to kind(-28.53Billion USD or -29.92%), Petroleum gases and other gaseous hydrocarbons(-12.26Billion USD or -19.40%) and export decreases to countries/economics such as None(-26.44Billion USD or -29.29%), Japan(-22.95Billion USD or -28.66%), South Korea(-9.35Billion USD or -25.44%). Comparing to 2022, Australia's total import value decreased -31.82Billion USD(-9.56%) in 2023, this could result from its import decreases of products such as None(-11.05Billion USD or -40.48%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-2.79Billion USD or -7.35%), Petroleum oils and oils obtained from bituminous minerals; crude(-1.80Billion USD or -24.68%), and its import decreases from countries/economies such as China(-15.32Billion USD or -16.62%), Singapore(-2.96Billion USD or -20.78%), None(-2.18Billion USD or -27.93%).

Cumulated to first 7 months of 2024, Australia's total export value is 165.26Billion USD, total import value is 127.82Billion USD, and tradesurplus is 37.44Billion USD. Cumulated to first 7 months of 2024, Australia's top export products are Iron ores and concentrates; including roasted iron pyrites(37.19Billion USD), Commodities not specified according to kind(24.53Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(24.45Billion USD), and top export destinations are China(51.94Billion USD), None(24.00Billion USD), Japan(19.71Billion USD). Cumulated to first 7 months of 2024, Australia's top import products are Iron ores and concentrates; including roasted iron pyrites(37.19Billion USD), Commodities not specified according to kind(24.53Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(24.45Billion USD), and top import origins areChina(32.88Billion USD), United States(14.31Billion USD), South Korea(7.88Billion USD).