2022
Exports
$60.5MWorld Rnk 18 / 187
Flag Rnk 223 / 1208
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.05Rnk 150 / 1025
2022
Imports
$43.2MWorld Rnk 22 / 220
Flag Rnk 535 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $60.5M in Opto-Electric Instrument Parts, making it the 18th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 223rd most exported product in Australia. The main destination of Opto-Electric Instrument Parts exports from Australia are: Japan ($17.3M), Malaysia ($12M), South Korea ($9.81M), Singapore ($3.58M), and Vietnam ($2.37M).

The fastest growing export markets for Opto-Electric Instrument Parts of Australia between 2021 and 2022 were Malaysia ($4.81M), Japan ($4.37M), and Mexico ($916k).

Imports In 2022, Australia imported $43.2M in Opto-Electric Instrument Parts, becoming the 22nd largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 535th most imported product in Australia. Australia imports Opto-Electric Instrument Parts primarily from: China ($15.7M), United States ($6.26M), Hong Kong ($5.74M), Germany ($3.08M), and Singapore ($1.47M).

The fastest growing import markets in Opto-Electric Instrument Parts for Australia between 2021 and 2022 were China ($12M), United States ($2.26M), and Singapore ($937k).

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 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 (2022)$60.5M
IMPORTS (2022)$43.2M
NET TRADE (2022)$17.3M

In 2022, Australia exported $60.5M in Opto-Electric Instrument Parts. The main destinations of Australia exports on Opto-Electric Instrument Parts were Japan ($17.3M), Malaysia ($12M), South Korea ($9.81M), Singapore ($3.58M), and Vietnam ($2.37M).

In 2022, Australia imported $43.2M in Opto-Electric Instrument Parts, mainly from China ($15.7M), United States ($6.26M), Hong Kong ($5.74M), Germany ($3.08M), and Singapore ($1.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Malaysia$4.81M (66.6%)
Japan$4.37M (33.7%)
Mexico$916k (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Australia WERE (2021 - 2022):
China-$36.1M (-94.1%)
South Korea-$4.24M (-30.2%)
India-$1.03M (-68.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Opto-Electric Instrument Parts were:
In 2022, 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
View
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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