2022
Exports
$2.54kWorld Rnk 52 / 64
Flag Rnk 1190 / 1208
2022
PRODUCT COMPLEXITY IN Tar
-0.014Rnk 551 / 1025
2022
Imports
$59.6kWorld Rnk 46 / 106
Flag Rnk 1174 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $2.54k in Tar, making it the 52nd largest exporter of Tar in the world. At the same year, Tar was the 1190th most exported product in Australia. The main destination of Tar exports from Australia are: Malaysia ($2.21k), New Zealand ($160), Vanuatu ($139), and Austria ($31).

The fastest growing export markets for Tar of Australia between 2021 and 2022 were Malaysia ($701), New Zealand ($160), and Vanuatu ($139).

Imports In 2022, Australia imported $59.6k in Tar, becoming the 46th largest importer of Tar in the world. At the same year, Tar was the 1174th most imported product in Australia. Australia imports Tar primarily from: India ($59.6k).

The fastest growing import markets in Tar for Australia between 2021 and 2022 were India ($44.4k).

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 Tar. 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)$2.54k
IMPORTS (2022)$59.6k
NET TRADE (2022)-$57.1k

In 2022, Australia exported $2.54k in Tar. The main destinations of Australia exports on Tar were Malaysia ($2.21k), New Zealand ($160), Vanuatu ($139), and Austria ($31).

In 2022, Australia imported $59.6k in Tar, mainly from India ($59.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tar EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Malaysia$701 (46.5%)
New Zealand$160 (1%)
Vanuatu$139 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tar BY Australia WERE (2021 - 2022):
Papua New Guinea-$412 (-100%)
South Korea-$248 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $570
TOP IMPORT POTENTIALPoland+ $907

Tar’s highest export potential is China. With an export gap of $570.   Tar’s highest import potential is Poland with an import gap of $907.

See methodology.

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