2022
Exports
$11.5MWorld Rnk 36 / 213
Flag Rnk 461 / 1208
2022
PRODUCT COMPLEXITY IN Gaskets
1.44Rnk 64 / 1025
2022
Imports
$73.8MWorld Rnk 22 / 220
Flag Rnk 410 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $11.5M in Gaskets, making it the 36th largest exporter of Gaskets in the world. At the same year, Gaskets was the 461st most exported product in Australia. The main destination of Gaskets exports from Australia are: New Zealand ($2.24M), New Caledonia ($1.51M), Papua New Guinea ($1.22M), Indonesia ($1.2M), and Singapore ($601k).

The fastest growing export markets for Gaskets of Australia between 2021 and 2022 were New Caledonia ($810k), Uzbekistan ($452k), and New Zealand ($412k).

Imports In 2022, Australia imported $73.8M in Gaskets, becoming the 22nd largest importer of Gaskets in the world. At the same year, Gaskets was the 410th most imported product in Australia. Australia imports Gaskets primarily from: United States ($29.7M), Germany ($7.89M), Japan ($7.1M), China ($6.03M), and United Kingdom ($2.62M).

The fastest growing import markets in Gaskets for Australia between 2021 and 2022 were China ($1.35M), Thailand ($910k), and Papua New Guinea ($579k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gaskets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.5M
IMPORTS (2022)$73.8M
NET TRADE (2022)-$62.3M

In 2022, Australia exported $11.5M in Gaskets. The main destinations of Australia exports on Gaskets were New Zealand ($2.24M), New Caledonia ($1.51M), Papua New Guinea ($1.22M), Indonesia ($1.2M), and Singapore ($601k).

In 2022, Australia imported $73.8M in Gaskets, mainly from United States ($29.7M), Germany ($7.89M), Japan ($7.1M), China ($6.03M), and United Kingdom ($2.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Caledonia$810k (115%)
Uzbekistan$452k (22.9k%)
New Zealand$412k (22.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Australia WERE (2021 - 2022):
Malaysia-$868k (-89.6%)
Papua New Guinea-$718k (-37.1%)
Indonesia-$518k (-30.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Gaskets were:
In 2022, Australia's main importing competitors in Gaskets were:

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.68M
TOP IMPORT POTENTIALChina+ $3.51M

Gaskets’s highest export potential is United States. With an export gap of $1.68M.   Gaskets’s highest import potential is China with an import gap of $3.51M.

See methodology.

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