2023
Exports
$17.8MWorld Rnk 19 / 171
Flag Rnk 377 / 1208
2023
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.41Rnk 405 / 1025
2023
Imports
$32.9MWorld Rnk 23 / 209
Flag Rnk 554 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $17.8M in Sound Recording Equipment, making it the 19th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 377th most exported product in Australia. The main destination of Sound Recording Equipment exports from Australia are: United States ($10.6M), United Kingdom ($1.75M), Netherlands ($900k), New Zealand ($882k), and Canada ($617k).

The fastest growing export markets for Sound Recording Equipment of Australia between 2022 and 2023 were United States ($7.98M), New Zealand ($504k), and Netherlands ($473k).

Imports In 2023, Australia imported $32.9M in Sound Recording Equipment, becoming the 23rd largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 554th most imported product in Australia. Australia imports Sound Recording Equipment primarily from: China ($16.6M), United States ($4.26M), Malaysia ($2.56M), United Kingdom ($1.92M), and Vietnam ($1.65M).

The fastest growing import markets in Sound Recording Equipment for Australia between 2022 and 2023 were Vietnam ($691k), United States ($662k), and Chinese Taipei ($242k).

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 Sound Recording Equipment. 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)$17.8M
IMPORTS (2023)$32.9M
NET TRADE (2023)-$15.1M

In 2023, Australia exported $17.8M in Sound Recording Equipment. The main destinations of Australia exports on Sound Recording Equipment were United States ($10.6M), United Kingdom ($1.75M), Netherlands ($900k), New Zealand ($882k), and Canada ($617k).

In 2023, Australia imported $32.9M in Sound Recording Equipment, mainly from China ($16.6M), United States ($4.26M), Malaysia ($2.56M), United Kingdom ($1.92M), and Vietnam ($1.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Australia WERE (2022 - 2023):
United States$7.98M (303%)
New Zealand$504k (133%)
Netherlands$473k (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Australia WERE (2022 - 2023):
United Kingdom-$374k (-17.6%)
France-$210k (-63.9%)
Canada-$94.6k (-13.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Sound Recording Equipment were:
In 2023, Australia's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.15M
TOP IMPORT POTENTIALVietnam+ $683k

Sound Recording Equipment’s highest export potential is United States. With an export gap of $1.15M.   Sound Recording Equipment’s highest import potential is Vietnam with an import gap of $683k.

See methodology.

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