2022
Exports
$5.37MWorld Rnk 35 / 154
Flag Rnk 600 / 1208
2022
PRODUCT COMPLEXITY IN Binoculars and Telescopes
0.32Rnk 438 / 1025
2022
Imports
$96.4MWorld Rnk 3 / 209
Flag Rnk 363 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $5.37M in Binoculars and Telescopes, making it the 35th largest exporter of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 600th most exported product in Australia. The main destination of Binoculars and Telescopes exports from Australia are: Germany ($2.19M), United States ($876k), New Zealand ($818k), South Africa ($343k), and South Korea ($116k).

The fastest growing export markets for Binoculars and Telescopes of Australia between 2021 and 2022 were United States ($468k), Germany ($312k), and South Africa ($223k).

Imports In 2022, Australia imported $96.4M in Binoculars and Telescopes, becoming the 3rd largest importer of Binoculars and Telescopes in the world. At the same year, Binoculars and Telescopes was the 363rd most imported product in Australia. Australia imports Binoculars and Telescopes primarily from: United States ($64.3M), China ($16.3M), Switzerland ($2.65M), Germany ($2.21M), and Austria ($2.2M).

The fastest growing import markets in Binoculars and Telescopes for Australia between 2021 and 2022 were United States ($49M), Switzerland ($2.42M), and France ($1.22M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Binoculars and Telescopes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.37M
IMPORTS (2022)$96.4M
NET TRADE (2022)-$91.1M

In 2022, Australia exported $5.37M in Binoculars and Telescopes. The main destinations of Australia exports on Binoculars and Telescopes were Germany ($2.19M), United States ($876k), New Zealand ($818k), South Africa ($343k), and South Korea ($116k).

In 2022, Australia imported $96.4M in Binoculars and Telescopes, mainly from United States ($64.3M), China ($16.3M), Switzerland ($2.65M), Germany ($2.21M), and Austria ($2.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Binoculars and Telescopes EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$468k (114%)
Germany$312k (16.6%)
South Africa$223k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Binoculars and Telescopes BY Australia WERE (2021 - 2022):
Indonesia-$502k (-100%)
France-$303k (-90.7%)
Hong Kong-$56.1k (-56.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Binoculars and Telescopes were:
In 2022, Australia's main importing competitors in Binoculars and Telescopes were:

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Trade Value of Binoculars and Telescopes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $464k
TOP IMPORT POTENTIALChina+ $2.42M

Binoculars and Telescopes’s highest export potential is United States. With an export gap of $464k.   Binoculars and Telescopes’s highest import potential is China with an import gap of $2.42M.

See methodology.

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