2022
Exports
$54.3MWorld Rnk 38 / 213
Flag Rnk 240 / 1208
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$370MWorld Rnk 19 / 225
Flag Rnk 137 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $54.3M in Interchangeable Tool Parts, making it the 38th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 240th most exported product in Australia. The main destination of Interchangeable Tool Parts exports from Australia are: New Zealand ($10.2M), United States ($5.99M), Papua New Guinea ($5.46M), Ghana ($2.43M), and Germany ($2.35M).

The fastest growing export markets for Interchangeable Tool Parts of Australia between 2021 and 2022 were Papua New Guinea ($1.84M), Egypt ($644k), and United States ($540k).

Imports In 2022, Australia imported $370M in Interchangeable Tool Parts, becoming the 19th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 137th most imported product in Australia. Australia imports Interchangeable Tool Parts primarily from: China ($145M), United States ($48M), Sweden ($37M), Germany ($31.1M), and India ($18.8M).

The fastest growing import markets in Interchangeable Tool Parts for Australia between 2021 and 2022 were China ($15.9M), Brazil ($3.74M), and Slovenia ($1.11M).

COMPANIES In 2023, leading companies such as CNH Industrial (2) were at the forefront of shipping Interchangeable Tool Parts from Australia to the United States.

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 Interchangeable Tool Parts. 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)$54.3M
IMPORTS (2022)$370M
NET TRADE (2022)-$316M

In 2022, Australia exported $54.3M in Interchangeable Tool Parts. The main destinations of Australia exports on Interchangeable Tool Parts were New Zealand ($10.2M), United States ($5.99M), Papua New Guinea ($5.46M), Ghana ($2.43M), and Germany ($2.35M).

In 2022, Australia imported $370M in Interchangeable Tool Parts, mainly from China ($145M), United States ($48M), Sweden ($37M), Germany ($31.1M), and India ($18.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Papua New Guinea$1.84M (51%)
Egypt$644k (141%)
United States$540k (9.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Australia WERE (2021 - 2022):
New Zealand-$3.67M (-26.4%)
Vietnam-$1.88M (-85%)
Netherlands-$1.13M (-45.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Australia's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.61M
TOP IMPORT POTENTIALGermany+ $8.46M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $4.61M.   Interchangeable Tool Parts’s highest import potential is Germany with an import gap of $8.46M.

See methodology.

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