2022
Exports
$295BWorld Rnk 3 / 220
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Mineral Products
0.48Rnk 371 / 1025
2022
Imports
$47.4BWorld Rnk 20 / 226
Flag Rnk 2 / 21
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $295B in Mineral Products, making it the 3rd largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in Australia. The main destination of Mineral Products exports from Australia are: China ($101B), Japan ($72B), South Korea ($34.3B), India ($28.2B), and Chinese Taipei ($21.5B).

The fastest growing export markets for Mineral Products of Australia between 2021 and 2022 were Japan ($31.9B), South Korea ($11.1B), and Chinese Taipei ($9.76B).

Imports In 2022, Australia imported $47.4B in Mineral Products, becoming the 20th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 2nd most imported product in Australia. Australia imports Mineral Products primarily from: South Korea ($10.6B), Singapore ($10.5B), Malaysia ($6.02B), Chinese Taipei ($3.56B), and India ($3.17B).

The fastest growing import markets in Mineral Products for Australia between 2021 and 2022 were South Korea ($7.17B), Singapore ($3.64B), and Chinese Taipei ($2.59B).

COMPANIES In 2023, leading companies such as Cosentino (3), Amazon (1), and Schaeffler Group (1) were at the forefront of shipping Mineral Products from Australia to the United States.

Latest Trends

Nov 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 Mineral Products. 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)$295B
IMPORTS (2022)$47.4B
NET TRADE (2022)$248B

In 2022, Australia exported $295B in Mineral Products. The main destinations of Australia exports on Mineral Products were China ($101B), Japan ($72B), South Korea ($34.3B), India ($28.2B), and Chinese Taipei ($21.5B).

In 2022, Australia imported $47.4B in Mineral Products, mainly from South Korea ($10.6B), Singapore ($10.5B), Malaysia ($6.02B), Chinese Taipei ($3.56B), and India ($3.17B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Japan$31.9B (79.3%)
South Korea$11.1B (47.5%)
Chinese Taipei$9.76B (83.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Australia WERE (2021 - 2022):
China-$15.4B (-13.3%)
Hong Kong-$185M (-69.9%)
United Arab Emirates-$149M (-54.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Mineral Products were:
In 2022, Australia's main importing competitors in Mineral Products were:

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $237M
TOP IMPORT POTENTIALIndia+ $919M

Mineral Products’s highest export potential is Thailand. With an export gap of $237M.   Mineral Products’s highest import potential is India with an import gap of $919M.

See methodology.

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