Insights for Australia

MoM insights: In the month-on-month analysis, imports from China saw a significant increase of 2.86B AUD, representing a 25.22% rise, making it the highest value change. The United States and Thailand followed with increases of 575M AUD (15.18%) and 533M AUD (24.62%) respectively. On the lower end, imports from Malaysia decreased by 295M AUD (-19.41%), Japan by 282M AUD (-13.63%), and Germany by 273M AUD (-18.22%). For exports, Singapore led with a remarkable increase of 989M AUD (92.34%), followed by Indonesia with 454M AUD (40.28%) and Germany with 414M AUD (147.86%). Conversely, exports to China dropped by 2.86B AUD (-16.76%), with Channel Islands and South Korea also experiencing significant declines of 1.28B AUD (-48.63%) and 836M AUD (-20.77%) respectively.

YoY insights: In the year-on-year analysis, imports from China increased by 3.73B AUD (35.68%), while Thailand saw a rise of 1.5B AUD (125.39%). Peru also showed a notable increase of 404M AUD (44.89%). On the downside, imports from Malaysia fell by 480M AUD (-28.15%), India by 301M AUD (-20.98%), and Singapore by 293M AUD (-21.51%). For exports, China again led with an increase of 1.54B AUD (12.13%), followed by Channel Islands with 1.09B AUD (422.48%) and Singapore with 972M AUD (89.34%). However, exports to the United States saw a significant drop of 4.17B AUD (-70.99%), Japan by 385M AUD (-6.87%), and Bahrain by 328M AUD (-75.58%).