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Exports In 2022, Australia exported $591k in Balances, making it the 28th largest exporter of Balances in the world. At the same year, Balances was the 972nd most exported product in Australia. The main destination of Balances exports from Australia are: New Zealand ($254k), Singapore ($53.7k), United States ($32.5k), Philippines ($30.1k), and Tanzania ($29.7k).

The fastest growing export markets for Balances of Australia between 2021 and 2022 were New Zealand ($164k), Singapore ($43.4k), and Tanzania ($29.7k).

Imports In 2022, Australia imported $3.2M in Balances, becoming the 28th largest importer of Balances in the world. At the same year, Balances was the 977th most imported product in Australia. Australia imports Balances primarily from: China ($1.34M), Germany ($621k), Japan ($348k), South Korea ($186k), and Switzerland ($185k).

The fastest growing import markets in Balances for Australia between 2021 and 2022 were China ($195k), Germany ($121k), and Japan ($81.7k).

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 Balances. 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)$591k
IMPORTS (2022)$3.2M
NET TRADE (2022)-$2.61M

In 2022, Australia exported $591k in Balances. The main destinations of Australia exports on Balances were New Zealand ($254k), Singapore ($53.7k), United States ($32.5k), Philippines ($30.1k), and Tanzania ($29.7k).

In 2022, Australia imported $3.2M in Balances, mainly from China ($1.34M), Germany ($621k), Japan ($348k), South Korea ($186k), and Switzerland ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Zealand$164k (181%)
Singapore$43.4k (424%)
Tanzania$29.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Australia WERE (2021 - 2022):
United States-$79.7k (-71%)
South Africa-$78k (-100%)
New Caledonia-$55.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $43.2k
TOP IMPORT POTENTIALPhilippines+ $67.1k

Balances’s highest export potential is United States. With an export gap of $43.2k.   Balances’s highest import potential is Philippines with an import gap of $67.1k.

See methodology.

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