2022
Exports
$139MWorld Rnk 66 / 222
Flag Rnk 138 / 1208
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$1.68BWorld Rnk 25 / 225
Flag Rnk 23 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $139M in Insulated Wire, making it the 66th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 138th most exported product in Australia. The main destination of Insulated Wire exports from Australia are: New Zealand ($62.7M), United States ($13.7M), Papua New Guinea ($6.82M), Germany ($5.89M), and Indonesia ($5.09M).

The fastest growing export markets for Insulated Wire of Australia between 2021 and 2022 were United States ($2.88M), Cote d'Ivoire ($1.7M), and Germany ($1.62M).

Imports In 2022, Australia imported $1.68B in Insulated Wire, becoming the 25th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 23rd most imported product in Australia. Australia imports Insulated Wire primarily from: China ($1.02B), United States ($121M), South Korea ($84.8M), India ($63.8M), and Germany ($49.2M).

The fastest growing import markets in Insulated Wire for Australia between 2021 and 2022 were China ($93.5M), Vietnam ($19.4M), and Malaysia ($13.9M).

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

Oct 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 (2022)$139M
IMPORTS (2022)$1.68B
NET TRADE (2022)-$1.54B

In 2022, Australia exported $139M in Insulated Wire. The main destinations of Australia exports on Insulated Wire were New Zealand ($62.7M), United States ($13.7M), Papua New Guinea ($6.82M), Germany ($5.89M), and Indonesia ($5.09M).

In 2022, Australia imported $1.68B in Insulated Wire, mainly from China ($1.02B), United States ($121M), South Korea ($84.8M), India ($63.8M), and Germany ($49.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$2.88M (26.5%)
Cote d'Ivoire$1.7M (345%)
Germany$1.62M (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Australia WERE (2021 - 2022):
New Zealand-$18.1M (-22.4%)
Papua New Guinea-$2.72M (-28.5%)
Malaysia-$2.32M (-47.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Insulated Wire were:
In 2022, 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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