Insights for Australia

MoM insights: In the month-on-month analysis, imports from Thailand saw the highest increase with a trade value of 2.17B AUD, reflecting a significant rise of 646M AUD (42.5%). Chinese Taipei and Germany followed with increases of 175M AUD (30.5%) and 140M AUD (10.3%) respectively. On the lower end, imports from the United States decreased by 695M AUD (-15.5%), while China and Canada saw declines of 484M AUD (-4.1%) and 347M AUD (-52.4%) respectively. For exports, China led with a substantial increase of 2.65B AUD (18.0%), followed by Channel Islands with 327M AUD (14.2%) and Japan with 305M AUD (6.2%). Conversely, Hong Kong experienced a drop of 506M AUD (-24.6%), Singapore by 277M AUD (-19.9%), and Germany by 152M AUD (-35.0%).

YoY insights: In the year-on-year analysis, imports from China increased significantly by 2.32B AUD (25.6%), with Thailand and Vietnam also showing strong growth of 486M AUD (28.9%) and 327M AUD (36.3%) respectively. On the downside, imports from the United States fell by 830M AUD (-17.9%), India by 366M AUD (-27.5%), and Japan by 249M AUD (-10.7%). For exports, Channel Islands had the highest growth of 2.07B AUD (364.1%), followed by Hong Kong with 874M AUD (129.9%) and China with 872M AUD (5.3%). However, Japan saw a decline of 1.31B AUD (-20.1%), India by 989M AUD (-36.7%), and the United States by 547M AUD (-20.0%).