2023
Exports
$94.3kWorld Rnk 55 / 116
Flag Rnk 1101 / 1208
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$21.7MWorld Rnk 17 / 198
Flag Rnk 629 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $94.3k in Peat, making it the 55th largest exporter of Peat in the world. At the same year, Peat was the 1101st most exported product in Australia. The main destination of Peat exports from Australia are: Netherlands ($40.9k), New Zealand ($25.7k), Singapore ($15.3k), Tonga ($5.04k), and Norfolk Island ($3.35k).

The fastest growing export markets for Peat of Australia between 2022 and 2023 were Netherlands ($40.7k), New Zealand ($24.3k), and Singapore ($8.82k).

Imports In 2018, Australia imported $21.7M in Peat, becoming the 17th largest importer of Peat in the world. At the same year, Peat was the 629th most imported product in Australia. Australia imports Peat primarily from: Netherlands ($7.57M), India ($3.82M), Latvia ($2.74M), Sri Lanka ($2.3M), and Germany ($2.09M).

The fastest growing import markets in Peat for Australia between 2022 and 2023 were Austria ($6.84k), United Kingdom ($4.97k), and Belgium ($894).

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 Peat. 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)$94.3k
IMPORTS (2023)$21.7M
NET TRADE (2023)-$21.6M

In 2023, Australia exported $94.3k in Peat. The main destinations of Australia exports on Peat were Netherlands ($40.9k), New Zealand ($25.7k), Singapore ($15.3k), Tonga ($5.04k), and Norfolk Island ($3.35k).

In 2023, Australia imported $21.7M in Peat, mainly from Netherlands ($7.57M), India ($3.82M), Latvia ($2.74M), Sri Lanka ($2.3M), and Germany ($2.09M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Netherlands$40.7k (21.8k%)
New Zealand$24.3k (1.74k%)
Singapore$8.82k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Australia WERE (2022 - 2023):
Sri Lanka-$14.8k (-100%)
India-$12.9k (-100%)
Saudi Arabia-$2.28k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.4k
TOP IMPORT POTENTIALCanada+ $717k

Peat’s highest export potential is India. With an export gap of $3.4k.   Peat’s highest import potential is Canada with an import gap of $717k.

See methodology.

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