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Exports In 2022, Australia exported $117k in Nitric Acids, making it the 51st largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1102nd most exported product in Australia. The main destination of Nitric Acids exports from Australia are: Timor-Leste ($31.6k), Djibouti ($23.7k), Papua New Guinea ($22.5k), Fiji ($9.44k), and Indonesia ($6.45k).

The fastest growing export markets for Nitric Acids of Australia between 2021 and 2022 were Timor-Leste ($31.6k), Djibouti ($23.7k), and Fiji ($7.63k).

Imports In 2022, Australia imported $1.29M in Nitric Acids, becoming the 52nd largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 1069th most imported product in Australia. Australia imports Nitric Acids primarily from: Malaysia ($359k), China ($317k), Thailand ($273k), Canada ($103k), and South Korea ($74.9k).

The fastest growing import markets in Nitric Acids for Australia between 2021 and 2022 were Malaysia ($203k), Canada ($39.8k), and Tuvalu ($22.4k).

Latest Trends

Jul 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 Nitric Acids. 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)$117k
IMPORTS (2022)$1.29M
NET TRADE (2022)-$1.17M

In 2022, Australia exported $117k in Nitric Acids. The main destinations of Australia exports on Nitric Acids were Timor-Leste ($31.6k), Djibouti ($23.7k), Papua New Guinea ($22.5k), Fiji ($9.44k), and Indonesia ($6.45k).

In 2022, Australia imported $1.29M in Nitric Acids, mainly from Malaysia ($359k), China ($317k), Thailand ($273k), Canada ($103k), and South Korea ($74.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Timor-Leste$31.6k (1%)
Djibouti$23.7k (1%)
Fiji$7.63k (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Australia WERE (2021 - 2022):
Papua New Guinea-$21.7k (-49.1%)
Laos-$7.2k (-100%)
Solomon Islands-$3.84k (-73.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Australia's main exporting competitors in Nitric Acids were:
In 2022, Australia's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndonesia+ $4.54k
TOP IMPORT POTENTIALSouth Korea+ $77.8k

Nitric Acids’s highest export potential is Indonesia. With an export gap of $4.54k.   Nitric Acids’s highest import potential is South Korea with an import gap of $77.8k.

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