2018
Exports
$65.1MWorld Rnk 41 / 214
Flag Rnk 218 / 1208
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2018
Imports
$238MWorld Rnk 33 / 223
Flag Rnk 205 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2018, Australia exported $65.1M in Thermostats, making it the 41st largest exporter of Thermostats in the world. At the same year, Thermostats was the 218th most exported product in Australia. The main destination of Thermostats exports from Australia are: United States ($19.1M), New Zealand ($7.76M), Mexico ($7.45M), Indonesia ($2.57M), and South Africa ($2.06M).

The fastest growing export markets for Thermostats of Australia between 2021 and 2022 were United States ($7.06M), Mexico ($5.13M), and South Africa ($1.46M).

Imports In 2022, Australia imported $238M in Thermostats, becoming the 33rd largest importer of Thermostats in the world. At the same year, Thermostats was the 205th most imported product in Australia. Australia imports Thermostats primarily from: China ($60M), United States ($51.7M), Germany ($16.8M), United Kingdom ($12.6M), and Mexico ($10.8M).

The fastest growing import markets in Thermostats for Australia between 2021 and 2022 were United States ($8.69M), China ($7.57M), and Mexico ($5.08M).

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 Thermostats. 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)$65.1M
IMPORTS (2022)$238M
NET TRADE (2022)-$173M

In 2022, Australia exported $65.1M in Thermostats. The main destinations of Australia exports on Thermostats were United States ($19.1M), New Zealand ($7.76M), Mexico ($7.45M), Indonesia ($2.57M), and South Africa ($2.06M).

In 2022, Australia imported $238M in Thermostats, mainly from China ($60M), United States ($51.7M), Germany ($16.8M), United Kingdom ($12.6M), and Mexico ($10.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$7.06M (58.5%)
Mexico$5.13M (221%)
South Africa$1.46M (243%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Australia WERE (2021 - 2022):
Indonesia-$1.87M (-42.1%)
United Kingdom-$1.82M (-51.9%)
Spain-$1.11M (-70.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Australia's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.17M
TOP IMPORT POTENTIALChina+ $17.9M

Thermostats’s highest export potential is United States. With an export gap of $8.17M.   Thermostats’s highest import potential is China with an import gap of $17.9M.

See methodology.

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