S&P 500 3331.84 -95.120 -2.78%RUSSELL 2000 INDEX 1504.59 -30.71 -2.00%DOLLAR INDEX SPOT 93.52 +0.072 +0.08%USD-JPY X-RATE 105.97 -0.060 -0.06% S&P 500 3331.84 -95.120 -2.78%RUSSELL 2000 INDEX 1504.59 -30.71 -2.00%DOLLAR INDEX SPOT 93.52 +0.072 +0.08%USD-JPY X-RATE 105.97 -0.060 -0.06%

Imports Carried out in Australia (2019)

2020-08-06

According to the data collected, it seemed to be a bustling year when it comes to Australian imports. As of 2019, Australia has imported $2.87 billion worth of horticultural goods. If the imports are carefully sectioned, it can be concluded that processed fruits were imported the most. For instance, items like olives and olive oil, orange juice and dried fruit trees were brought in from other regions. The total value of these imports stands at $1062.2 million.

Moreover, the second-largest import was processed vegetables. These imports cost Australia $625.8 million. Some of these vegetables include potatoes, tomatoes and beans. Additionally, the third-largest import group can be declared as nuts. Goods such as cashews, almonds and walnuts were brought in at $467.4 million. Lastly, fresh vegetables such as garlic, asparagus and mushrooms were also imported at a high rate.

australian imports in 2019
Source: GTA (Freshlogic Analysis)

Imports by Region

All of these products were imported mostly from seven different regions across the world. The most considerable amount of imports arrived from Asia. Asia supplied products such as cashews, cut flowers, live plants, garlic, mushrooms, walnuts and mangoes. The total value of imports from Asia was $375.2 million. The second-largest area where imports arrived from was North America. This area sent Australia items such as grapes, walnuts, oranges, pistachios, cherries, mandarins and lemons. If all of the imports are calculated together, then it rings in at $359.1 million. Furthermore, the third region where imports were brought in from was New Zealand and Oceania. Food items such as avocados, kiwifruit, blueberries, persimmons, capsicum and apricots were imported from this region. The total amount of products was calculated at $191 million.

australian imports in the year 2019

Hence, it can be analyzed from the data that 2019 was a busy year for Australia as far as the data is concerned.

Article by: Hari Yellina (Orchard Tech)