2022
Exports
$58.6MWorld Rnk 22 / 175
Flag Rnk 226 / 1208
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$74.3MWorld Rnk 13 / 223
Flag Rnk 409 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $58.6M in Soups and Broths, making it the 22nd largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 226th most exported product in Australia. The main destination of Soups and Broths exports from Australia are: New Zealand ($15.6M), Japan ($11.8M), Hong Kong ($10.2M), South Korea ($6.74M), and Singapore ($2.74M).

The fastest growing export markets for Soups and Broths of Australia between 2021 and 2022 were New Zealand ($4.68M), Chinese Taipei ($2.16M), and Vietnam ($1.06M).

Imports In 2022, Australia imported $74.3M in Soups and Broths, becoming the 13th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 409th most imported product in Australia. Australia imports Soups and Broths primarily from: New Zealand ($35.8M), Thailand ($12.9M), China ($5.36M), Japan ($4.74M), and United States ($3.94M).

The fastest growing import markets in Soups and Broths for Australia between 2021 and 2022 were Italy ($1.06M), China ($936k), and South Korea ($657k).

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 Soups and Broths. 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)$58.6M
IMPORTS (2022)$74.3M
NET TRADE (2022)-$15.6M

In 2022, Australia exported $58.6M in Soups and Broths. The main destinations of Australia exports on Soups and Broths were New Zealand ($15.6M), Japan ($11.8M), Hong Kong ($10.2M), South Korea ($6.74M), and Singapore ($2.74M).

In 2022, Australia imported $74.3M in Soups and Broths, mainly from New Zealand ($35.8M), Thailand ($12.9M), China ($5.36M), Japan ($4.74M), and United States ($3.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Zealand$4.68M (42.7%)
Chinese Taipei$2.16M (416%)
Vietnam$1.06M (1.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Australia WERE (2021 - 2022):
Hong Kong-$6.67M (-39.6%)
China-$1.27M (-51.5%)
Australia-$106k (-54.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Soups and Broths were:
In 2022, Australia's main importing competitors in Soups and Broths were:

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALUnited States+ $2.01M

Soups and Broths’s highest export potential is United States. With an export gap of $1.58M.   Soups and Broths’s highest import potential is United States with an import gap of $2.01M.

See methodology.

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