2023
Exports
$146MWorld Rnk 65 / 223
Flag Rnk 126 / 1208
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$1.67BWorld Rnk 25 / 225
Flag Rnk 25 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $146M in Insulated Wire, making it the 65th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 126th most exported product in Australia. The main destination of Insulated Wire exports from Australia are: New Zealand ($66.8M), United States ($11.1M), Papua New Guinea ($8.62M), Indonesia ($6.39M), and Germany ($5.24M).

The fastest growing export markets for Insulated Wire of Australia between 2022 and 2023 were France ($2.7M), Singapore ($2.21M), and Papua New Guinea ($1.8M).

Imports In 2023, Australia imported $1.67B in Insulated Wire, becoming the 25th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 25th most imported product in Australia. Australia imports Insulated Wire primarily from: N/A.

The fastest growing import markets in Insulated Wire for Australia between 2022 and 2023 were India ($23.8M), Norway ($22.1M), and United Kingdom ($13.4M).

COMPANIES In 2023, leading companies such as Pernod Ricard (1) were at the forefront of shipping Insulated Wire from Australia to the United States.

Latest Trends

Dec 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 Insulated Wire. 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 (2023)$146M
IMPORTS (2023)$1.67B
NET TRADE (2023)-$1.53B

In 2023, Australia exported $146M in Insulated Wire. The main destinations of Australia exports on Insulated Wire were New Zealand ($66.8M), United States ($11.1M), Papua New Guinea ($8.62M), Indonesia ($6.39M), and Germany ($5.24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Australia WERE (2022 - 2023):
France$2.7M (310%)
Singapore$2.21M (103%)
Papua New Guinea$1.8M (26.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Australia WERE (2022 - 2023):
New Zealand-$10.4M (-13.5%)
Philippines-$1.74M (-82.1%)
Thailand-$1.4M (-33.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Insulated Wire were:
In 2023, Australia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.5M
TOP IMPORT POTENTIALUnited States+ $38.6M

Insulated Wire’s highest export potential is United States. With an export gap of $16.5M.   Insulated Wire’s highest import potential is United States with an import gap of $38.6M.

See methodology.

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