2023
Exports
$12.3MWorld Rnk 39 / 205
Flag Rnk 434 / 1208
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2023
Imports
$85MWorld Rnk 20 / 224
Flag Rnk 361 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $12.3M in Gaskets, making it the 39th largest exporter of Gaskets in the world. At the same year, Gaskets was the 434th most exported product in Australia. The main destination of Gaskets exports from Australia are: New Caledonia ($2.2M), Indonesia ($1.85M), Papua New Guinea ($1.7M), New Zealand ($1.47M), and Philippines ($1.08M).

The fastest growing export markets for Gaskets of Australia between 2022 and 2023 were New Caledonia ($682k), Papua New Guinea ($479k), and Philippines ($272k).

Imports In 2023, Australia imported $85M in Gaskets, becoming the 20th largest importer of Gaskets in the world. At the same year, Gaskets was the 361st most imported product in Australia. Australia imports Gaskets primarily from: United States ($36.8M), Germany ($10.9M), Japan ($7M), China ($5.33M), and United Kingdom ($3.23M).

The fastest growing import markets in Gaskets for Australia between 2022 and 2023 were United States ($2.2M), Germany ($1.68M), and Italy ($966k).

Latest Trends

Jan 2025

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 Gaskets. 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)$12.3M
IMPORTS (2023)$85M
NET TRADE (2023)-$72.7M

In 2023, Australia exported $12.3M in Gaskets. The main destinations of Australia exports on Gaskets were New Caledonia ($2.2M), Indonesia ($1.85M), Papua New Guinea ($1.7M), New Zealand ($1.47M), and Philippines ($1.08M).

In 2023, Australia imported $85M in Gaskets, mainly from United States ($36.8M), Germany ($10.9M), Japan ($7M), China ($5.33M), and United Kingdom ($3.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Australia WERE (2022 - 2023):
New Caledonia$682k (45.1%)
Papua New Guinea$479k (39.3%)
Philippines$272k (33.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Australia WERE (2022 - 2023):
Uzbekistan-$477k (-99.9%)
United States-$230k (-61.2%)
Mozambique-$221k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.68M
TOP IMPORT POTENTIALChina+ $3.51M

Gaskets’s highest export potential is United States. With an export gap of $1.68M.   Gaskets’s highest import potential is China with an import gap of $3.51M.

See methodology.

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