Goods and services credits (exports) fell 1,096m (2.0) driven by Non-monetary gold.
Origins In May 2023 the exports of Australia were mainly from Western Australia (AUD22.5B), Queensland (AUD9.73B), New South Wales (AUD7.17B), Victoria (AUD2.94B), and South Australia (AUD1.64B), while imports destinations were mainly New South Wales (AUS14.2B), Victoria (AUS10.1B), Queensland (AUS6.42B), Western Australia (AUS4.41B), and South Australia (AUS1.32B).ĭestinations In May 2023, Australia exported mostly to chn (AUD17.3B), jpn (AUD7.22B), kor (AUD2.79B), twn (AUD1.85B), and ind (AUD1.61B), and imported mostly from China (AUD8.94B), United States (AUD4.09B), South Korea (AUD2.3B), Japan (AUD2.17B), and Germany (AUD1.95B). The seasonally adjusted balance on goods and services surplus decreased 2,229m in July. (AUD39.7B), Medicinal and pharmaceutical products (AUD36.1B), Machinery for specialized industries (AUD31.1B), and Road vehicles (AUD23.8B). In May 2023 the top imports of Australia were Electric machinery,n.e.s.and parts (AUD46.4B), General industrial machinery n.e.s. Trade In May 2023, the top exports of Australia were Crude fertilizers and crude minerals (AUD53.8B), Metalliferous ores and metal scrap (AUD41.7B), Coal,coke and briquettes (AUD25B), Vegetables and fruit (AUD17.1B), and Meat and meat preparations (AUD14.9B). Overview In May 2023 Australia exported AUD43.7B and imported AUD34.1B, resulting in a positive trade balance of AUD9.55B. Location Australia borders Timor-Leste, Indonesia, New Zealand, Papua New Guinea, Solomon Islands, and New Caledonia by sea. In 2021, Australia was the world's biggest importer of Sodium or Potassium Peroxides ($673M) and Other Sea Vessels ($521M) Metalliferous ores and metal scrap account for 29 percent of total exports coal, coke. Imports The top imports of Australia are Refined Petroleum ($19.6B), Cars ($18.8B), Delivery Trucks ($8.08B), Broadcasting Equipment ($6.68B), and Computers ($6.61B), importing mostly from China ($70B), United States ($25.7B), Japan ($15.3B), Thailand ($12.1B), and Germany ($11.6B). Rich in natural resources, Australia is a major exporter of commodities. In 2021, Australia was the world's biggest exporter of Iron Ore ($118B), Coal Briquettes ($54.3B), Raw Nickel ($3.71B), Wool ($2.28B), and Zinc Ore ($2B) Įxports The top exports of Australia are Iron Ore ($118B), Coal Briquettes ($54.3B), Petroleum Gas ($39.2B), Gold ($17.6B), and Wheat ($7.36B), exporting mostly to China ($138B), Japan ($47B), South Korea ($29.4B), India ($20.5B), and Chinese Taipei ($13.2B). Overview In 2021, Australia was the number 13 economy in the world in terms of GDP (current US$), the number 20 in total exports, the number 24 in total imports, the number 12 economy in terms of GDP per capita (current US$) and the number 82 most complex economy according to the Economic Complexity Index (ECI).
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