33 Procurement Interview Questions in 2022

 Australia Export Statistics 2022 — 18 Key Figures

Australia is known as the largest exporter of iron ore and coal in the world. Therefore, it is significant for many professionals in the field of the supply chain to know Australia’s export statistics. 

In this article, we will show you the figures regarding Australia’s export statistics. Additionally, we will check some of the factors that will affect its export. 

Once you finish reading this article, you will know the situation of Australia’s export statistics which you may use to see some opportunities for your company or profession. 

Geopolitics as a Defining Factorin Australia’s Trade in The Future

Many governments turn to trade barriers for national security reasons during periods of political unrest and economic disruptions. Some recent examples are the US-China trade war, the Russia-Ukraine war, and the COVID-19 pandemic. 

The protective measures may threaten the integrity of the open trading system that Australia heavily relies on. They may close off markets for Australian exports, disrupt the supply chain for essential goods, and raise the cost of Australian imports. 

Therefore, managing geopolitical risks effectively will be needed for trade to be successful in the coming years. 

Effect of The Ukraine Invasionon Australia’s Export

The export share of Australia to both Russia and Ukraine is small. However, Australian exporters may benefit from the rising energy, metals, and grains prices as Russian and Ukrainian supplies exit the market. 

Therefore, Australia’s substantial exports of all these commodities suggest further upside to the AUD in the near term. Any gains may be tempered by investors’ risk aversion and higher US interest rates. Although Australian imports could all rise in price which may offset some of the gains for Australian exporters. 

Additionally, non-resource exports may continue to suffer from higher transportation costs, supply chain disruptions, and any impact of weaker global demand and higher prices on household spending and incomes. 

Trade DisruptionsFrom China

Australian exports have been successful at finding new markets to offset lower Chinese sales. The exports of copper ore, liquefied natural gas (LNG), and coal to non-Chinese markets have increased by more than the relative decline to China. 

This highlights the resiliency of Australia’s export to adapt to sudden shifts in market access. Additionally, it underscores the competitiveness and high-quality nature of Australian products that support global demand. 

The strong farming conditions have helped improve the agricultural exports of Australia and higher commodity prices made the export value higher, 

However, the ongoing market diversification and expansion will be crucial in reducing the exporter’s vulnerability to sudden shifts in the global economic and geopolitical landscape. 

Now that we know the factors that are affecting Australia’s export today, let’s delve into Australia’s export statistics in 2022.

Australia Export statistical FiguresThat You Should Know

1. In January 2022, the export of goods and services from Australia grew by 8% to AUD 49.25 billion.

2. The net exports of goods under merchanting were down by 23% to AUD 24 million. 

3. The exports of goods and services from Australia were up to 0.2% month-over-month to AUD 48.77 billion in February 2022.

4. In March 2022, the exports of goods and services from Australia slid to AUD 49.45 billion. 

5. The exports of goods and services from Australia grew by 1% to AUD 50.38 billion in April 2022. 

6. The sales of non-rural goods increased by 1% to AUD 38.21 billion which is driven by demand. 

7. In May 2022, the exports of goods and services from Australia rose to 9.5% to a fresh record peak of AUD 58.40 billion. 

8. By contrast, the sales of net exports of goods under merchanting were down by 25% to AUD 18 million in May 2022. 

9. The export of goods and services from Australia grew 5.1% to a new record high of AUD 61.53 billion in June 2022 amidst the rising prices of commodities. 

10. In June 2022, the sales of net exports of goods under merchanting increased by 5.6% to AUD 19 million. 

11. Australia’s export of goods and services slumped 9.9% to a three-month low of AUD 55.28 billion in July 2022 due to a fall in sales of minerals, metal ores, coke, coal, and briquettes.

12. The sale of non-rural goods plunged by 11.9% to AUD 39.80 billion which was dragged down because of the demand for ores and minerals. 

13. In July 2022, Australia exported mostly to China, Japan, and South Korea. 

14. In August 2022, the exports of goods and services from Australia rose 2.6% month-over-month to AUD 56.77 billion.

15. The export of services edged up to 0.4% to AUD 6.34 billion in August 2022 due to sales of transport and other services. 

16. Exports of goods and services from Australia climbed 7% month-over-month to the second highest on record of AUD 60.61 billion in September 2022. 

17. Exports of services climbed 6.3% to AUD 6.81 billion due to travel and other services. 

18. The sales of non-rural goods jumped 8.5% to AUD 44.25 billion which is mainly boosted by demand for other mineral fuels, metal ores, and minerals. 

Frequentlyasked questions

+What are Australia’s export statistics?

The export statistics of Australia lets you show the performance of its exports throughout the years. 

+ What is the status of the relationship between Australia and China?

The two countries have been involved in a trade dispute since 2020. However, Australia aims for a stable relationship with China despite their differences, especially in trade.

+ What is the top export of Australia?

The top exports of Australia were metalliferous ores and metal scraps in July 2022.

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