2022
Exports
$119MWorld Rnk 29 / 202
Flag Rnk 147 / 1208
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$467MWorld Rnk 8 / 225
Flag Rnk 113 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $119M in Sauces and Seasonings, making it the 29th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 147th most exported product in Australia. The main destination of Sauces and Seasonings exports from Australia are: New Zealand ($42.8M), Japan ($25.5M), United States ($10.3M), Papua New Guinea ($8.92M), and China ($6.46M).

The fastest growing export markets for Sauces and Seasonings of Australia between 2021 and 2022 were Japan ($2.51M), New Zealand ($1.23M), and Indonesia ($480k).

Imports In 2022, Australia imported $467M in Sauces and Seasonings, becoming the 8th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 113th most imported product in Australia. Australia imports Sauces and Seasonings primarily from: Thailand ($73.9M), United States ($60.6M), China ($48.3M), Italy ($43.7M), and New Zealand ($41.1M).

The fastest growing import markets in Sauces and Seasonings for Australia between 2021 and 2022 were United States ($14.7M), Thailand ($12.4M), and China ($5.07M).

COMPANIES In 2023, leading companies such as TE Connectivity (1) were at the forefront of shipping Sauces and Seasonings 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 Sauces and Seasonings. 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)$119M
IMPORTS (2022)$467M
NET TRADE (2022)-$348M

In 2022, Australia exported $119M in Sauces and Seasonings. The main destinations of Australia exports on Sauces and Seasonings were New Zealand ($42.8M), Japan ($25.5M), United States ($10.3M), Papua New Guinea ($8.92M), and China ($6.46M).

In 2022, Australia imported $467M in Sauces and Seasonings, mainly from Thailand ($73.9M), United States ($60.6M), China ($48.3M), Italy ($43.7M), and New Zealand ($41.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Japan$2.51M (10.9%)
New Zealand$1.23M (2.96%)
Indonesia$480k (35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Australia WERE (2021 - 2022):
United States-$4.59M (-30.9%)
United Kingdom-$1.39M (-90.7%)
China-$1.38M (-17.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Sauces and Seasonings were:
In 2022, Australia's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.09M
TOP IMPORT POTENTIALChina+ $10.2M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $7.09M.   Sauces and Seasonings’s highest import potential is China with an import gap of $10.2M.

See methodology.

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