2023
Exports
$43.7MWorld Rnk 20 / 185
Flag Rnk 263 / 1208
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.07Rnk 155 / 1025
2023
Imports
$28.9MWorld Rnk 35 / 215
Flag Rnk 577 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

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Exports In 2023, Australia exported $43.7M in Opto-Electric Instrument Parts, making it the 20th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 263rd most exported product in Australia. The main destination of Opto-Electric Instrument Parts exports from Australia are: South Korea ($12.5M), Japan ($11.4M), Malaysia ($4.54M), India ($2.17M), and China ($1.65M).

The fastest growing export markets for Opto-Electric Instrument Parts of Australia between 2022 and 2023 were South Korea ($11.6M), Malaysia ($1.86M), and Vietnam ($749k).

Imports In 2023, Australia imported $28.9M in Opto-Electric Instrument Parts, becoming the 35th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 577th most imported product in Australia. Australia imports Opto-Electric Instrument Parts primarily from: United States ($6.89M), Hong Kong ($6.44M), Germany ($3.63M), China ($2.5M), and Italy ($1.55M).

The fastest growing import markets in Opto-Electric Instrument Parts for Australia between 2022 and 2023 were United States ($2.29M), Germany ($843k), and Hong Kong ($704k).

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 Opto-Electric Instrument 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 (2023)$43.7M
IMPORTS (2023)$28.9M
NET TRADE (2023)$14.8M

In 2023, Australia exported $43.7M in Opto-Electric Instrument Parts. The main destinations of Australia exports on Opto-Electric Instrument Parts were South Korea ($12.5M), Japan ($11.4M), Malaysia ($4.54M), India ($2.17M), and China ($1.65M).

In 2023, Australia imported $28.9M in Opto-Electric Instrument Parts, mainly from United States ($6.89M), Hong Kong ($6.44M), Germany ($3.63M), China ($2.5M), and Italy ($1.55M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Australia WERE (2022 - 2023):
South Korea$11.6M (1.21k%)
Malaysia$1.86M (69.2%)
Vietnam$749k (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Australia WERE (2022 - 2023):
Japan-$5.9M (-34.1%)
Hong Kong-$2.07M (-66.2%)
Mexico-$1.13M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Opto-Electric Instrument Parts were:
In 2023, Australia's main importing competitors in Opto-Electric Instrument Parts were:

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.29M
TOP IMPORT POTENTIALChina+ $737k

Opto-Electric Instrument Parts’s highest export potential is China. With an export gap of $1.29M.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $737k.

See methodology.

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