2022
Exports
$5.14MWorld Rnk 75 / 192
Flag Rnk 607 / 1208
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$139MWorld Rnk 13 / 223
Flag Rnk 295 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $5.14M in Packing Bags, making it the 75th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 607th most exported product in Australia. The main destination of Packing Bags exports from Australia are: Malaysia ($916k), Papua New Guinea ($841k), New Zealand ($837k), Vietnam ($413k), and Thailand ($365k).

The fastest growing export markets for Packing Bags of Australia between 2021 and 2022 were Malaysia ($814k), Papua New Guinea ($659k), and Thailand ($314k).

Imports In 2022, Australia imported $139M in Packing Bags, becoming the 13th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 295th most imported product in Australia. Australia imports Packing Bags primarily from: India ($48.7M), China ($43.1M), Vietnam ($21M), Thailand ($12.8M), and Indonesia ($2.53M).

The fastest growing import markets in Packing Bags for Australia between 2021 and 2022 were India ($8.24M), Vietnam ($2.4M), and Thailand ($2.09M).

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 Packing Bags. 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)$5.14M
IMPORTS (2022)$139M
NET TRADE (2022)-$134M

In 2022, Australia exported $5.14M in Packing Bags. The main destinations of Australia exports on Packing Bags were Malaysia ($916k), Papua New Guinea ($841k), New Zealand ($837k), Vietnam ($413k), and Thailand ($365k).

In 2022, Australia imported $139M in Packing Bags, mainly from India ($48.7M), China ($43.1M), Vietnam ($21M), Thailand ($12.8M), and Indonesia ($2.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Malaysia$814k (806%)
Papua New Guinea$659k (363%)
Thailand$314k (616%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Australia WERE (2021 - 2022):
Ecuador-$701k (-100%)
India-$231k (-99.7%)
Iceland-$150k (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Australia's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALIndia+ $3.18M

Packing Bags’s highest export potential is N/A. With an export gap of N/A.   Packing Bags’s highest import potential is India with an import gap of $3.18M.

See methodology.

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