Insights for Australia

MoM insights: In the month-on-month analysis, imports from Mexico saw the highest increase with a trade value of 597 million, reflecting a significant change of 292 million, which is a 95.74% increase. The United States followed with an increase of 248 million, a 5.86% rise, while Norway had a notable increase of 117 million, marking a 102.63% change. On the lower end, imports from China decreased by 913 million, a 7.17% drop, while Channel Islands and Japan saw declines of 456 million and 390 million respectively, with percentage changes of -45.10% and -16.27%. For exports, Hong Kong led with an increase of 1.04 billion, a 102.16% rise, followed by Channel Islands with an increase of 875 million (60.81%). The Netherlands also saw a rise of 196 million (97.51%). On the downside, exports to India decreased by 1.24 billion, a 41.52% drop, while South Korea and the United States saw declines of 422 million and 278 million respectively, with percentage changes of -9.74% and -12.34%.

YoY insights: In the year-on-year analysis, imports from China experienced the highest increase with a trade value of 11.83 billion, reflecting a change of 1.5 billion, which is a 14.54% increase. Canada followed with an increase of 376 million (131.47%), and Vietnam had a rise of 354 million (41.99%). On the lower end, imports from India decreased by 385 million, a 29.91% drop, while Japan and Indonesia saw declines of 274 million and 200 million respectively, with percentage changes of -12.01% and -27.74%. For exports, Hong Kong led with an increase of 1.2 billion, a 139.58% rise, followed by Channel Islands with an increase of 1.18 billion (104.78%). China also saw a rise of 1.04 billion (7.56%). On the downside, exports to India decreased by 1.22 billion, a 41.11% drop, while Japan and Chinese Taipei saw declines of 818 million and 170 million respectively, with percentage changes of -14.07% and -12.01%.