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Exports In 2022, Australia exported $46.9M in Soups and broths and preparations thereof, making it the 21st largest exporter of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 296th most exported product in Australia. The main destination of Soups and broths and preparations thereof exports from Australia are: Japan ($11.8M), Hong Kong ($10.2M), New Zealand ($7.7M), South Korea ($6.73M), and Chinese Taipei ($2.65M).

The fastest growing export markets for Soups and broths and preparations thereof of Australia between 2021 and 2022 were Chinese Taipei ($2.18M), Philippines ($727k), and United States ($708k).

Imports In 2022, Australia imported $56.3M in Soups and broths and preparations thereof, becoming the 13th largest importer of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 736th most imported product in Australia. Australia imports Soups and broths and preparations thereof primarily from: New Zealand ($23.7M), Thailand ($12M), Japan ($4.73M), United States ($3.69M), and China ($2.83M).

The fastest growing import markets in Soups and broths and preparations thereof for Australia between 2021 and 2022 were China ($1.12M), Italy ($1.02M), and Thailand ($673k).

COMPANIES In 2023, leading companies such as JBS Foods (1.65k), Pernod Ricard (574), and Volvo (230) were at the forefront of shipping Soups and broths and preparations thereof from Australia to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Soups and broths and preparations thereof. 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

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EXPORTS (2022)$46.9M
IMPORTS (2022)$56.3M
NET TRADE (2022)-$9.37M

In 2022, Australia exported $46.9M in Soups and broths and preparations thereof. The main destinations of Australia exports on Soups and broths and preparations thereof were Japan ($11.8M), Hong Kong ($10.2M), New Zealand ($7.7M), South Korea ($6.73M), and Chinese Taipei ($2.65M).

In 2022, Australia imported $56.3M in Soups and broths and preparations thereof, mainly from New Zealand ($23.7M), Thailand ($12M), Japan ($4.73M), United States ($3.69M), and China ($2.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and broths and preparations thereof EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Chinese Taipei$2.18M (454%)
Philippines$727k (77.2%)
United States$708k (97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and broths and preparations thereof BY Australia WERE (2021 - 2022):
Hong Kong-$6.66M (-39.5%)
China-$1.58M (-67.4%)
New Zealand-$909k (-10.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Australia's main exporting competitors in Soups and broths and preparations thereof were:
In 2022, Australia's main importing competitors in Soups and broths and preparations thereof were:

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Trade Value of Soups and broths and preparations thereof by Exporters

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