Insights for Australia

MoM insights: In the month-on-month analysis, imports from Singapore saw the highest increase with a trade value of 2.18B AUD, reflecting a significant rise of 1.15B AUD (approximately 110.7%). Mexico followed with an increase of 580M AUD, up by 58.9%. New Zealand also showed a positive change with an increase of 776M AUD, marking a 31.7% rise. On the other hand, imports from China experienced the largest decline, dropping by 4.56B AUD (32.1%), followed by the United States with a decrease of 1.19B AUD (27.4%). Thailand's imports fell by 1.14B AUD, a decrease of 42.2%. For exports, Hong Kong led with a substantial increase of 2.45B AUD (239.4%), while New Zealand and South Korea also saw increases of 248M AUD (45.9%) and 235M AUD (7.4%) respectively. Conversely, exports to China decreased by 971M AUD (6.9%), Singapore by 953M AUD (46.5%), and Japan by 942M AUD (18.2%).

YoY insights: In the year-on-year analysis, imports from Singapore increased by 1.02B AUD (87.7%), while imports from China rose by 877M AUD (10.0%). South Korea also saw a significant increase of 601M AUD (41.7%). On the downside, imports from the United States fell by 877M AUD (21.8%), with the Philippines and Indonesia also experiencing declines of 588M AUD (91.0%) and 265M AUD (38.6%) respectively. For exports, Hong Kong had the highest increase of 3.26B AUD (1569.2%), followed by China with an increase of 1.86B AUD (16.5%) and Channel Islands with 1.02B AUD (204.2%). However, exports to the United States dropped by 3.07B AUD (63.3%), Japan by 1B AUD (19.1%), and Chinese Taipei by 206M AUD (18.3%).