2023
Exports
$10.4MWorld Rnk 38 / 189
Flag Rnk 457 / 1208
2023
PRODUCT COMPLEXITY IN Iron Chains
1.48Rnk 48 / 1025
2023
Imports
$95.7MWorld Rnk 19 / 221
Flag Rnk 338 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $10.4M in Iron Chains, making it the 38th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 457th most exported product in Australia. The main destination of Iron Chains exports from Australia are: Indonesia ($2.24M), New Zealand ($1.64M), Papua New Guinea ($1.25M), Canada ($1.22M), and Fiji ($384k).

The fastest growing export markets for Iron Chains of Australia between 2022 and 2023 were Indonesia ($1.88M), Canada ($894k), and Papua New Guinea ($255k).

Imports In 2023, Australia imported $95.7M in Iron Chains, becoming the 19th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 338th most imported product in Australia. Australia imports Iron Chains primarily from: China ($33.4M), Germany ($13M), United States ($13M), Japan ($11.7M), and Italy ($5.01M).

The fastest growing import markets in Iron Chains for Australia between 2022 and 2023 were Italy ($2.16M), Finland ($810k), and Norway ($775k).

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 Iron Chains. 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)$10.4M
IMPORTS (2023)$95.7M
NET TRADE (2023)-$85.3M

In 2023, Australia exported $10.4M in Iron Chains. The main destinations of Australia exports on Iron Chains were Indonesia ($2.24M), New Zealand ($1.64M), Papua New Guinea ($1.25M), Canada ($1.22M), and Fiji ($384k).

In 2023, Australia imported $95.7M in Iron Chains, mainly from China ($33.4M), Germany ($13M), United States ($13M), Japan ($11.7M), and Italy ($5.01M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Indonesia$1.88M (528%)
Canada$894k (275%)
Papua New Guinea$255k (25.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Australia WERE (2022 - 2023):
New Zealand-$587k (-26.3%)
Saudi Arabia-$162k (-66.3%)
Iran-$152k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Iron Chains were:
China $2.04B
Japan $495M
In 2023, Australia's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $313k
TOP IMPORT POTENTIALChina+ $2.69M

Iron Chains’s highest export potential is United States. With an export gap of $313k.   Iron Chains’s highest import potential is China with an import gap of $2.69M.

See methodology.

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