Australia is
known as ‘the Land down under’ because of its unique position below the
equator. As per the Australia Import data, the country imported goods worth
25.7 USD billion in March 2021. The actual imports of the country grew 15% YOY
in the month of March 2021 as compared with an increase of 10.2% year on year
in the previous month.
As per
Australia import trade data, the imports of goods and services to Australia
dropped by 2% MOM to AUD 32.73 billion in September 2021 as domestic demand
weakened amid the pandemic Covid-19. The
country stood at 24th position in the world’s imports during 2020.
According to Australia import custom data, the major imports of the country are machinery, mineral fuels, vehicles, Electrical machinery and equipment, medical, technical equipment, pharmaceuticals and gems and precious metals.
As per the
Australia import statistics data, the major import partners of the country are
China, United States, Japan, Germany, Malaysia, South Korea, Singapore and
Thailand.
The Australia import trade statistics show
Australia’s top 10 import categories shared 56.6% to the total shipment value
in 2020. The fastest increase in the value among top 10 import categories
belong to gems and precious metals, plastic, material and items made from
plastic and pharmaceuticals. The decline in the imports was mineral fuels
including oil.