Australia’s Fastest-Growing Import Partners

Australia’s Fastest-Growing Import Partners

by Flagpictures.org

After analyzing 2014 data for 100 countries accounting for the greatest increases in imported Australian product sales, we found 15 nations that boosted the amount spent on Aussie imports by over 135% since 2010.

Overall, exports originating from Australia were up 22.2% from 2010. However, there was a slight year-over-year slowdown with Australian exports decreasing 0.2% since 2013.

Australia’s Fastest-Growing Import Partners

Listed below in descending order below are the fastest-growing import countries for Australia’s exported products. These nations boosted imports from Australia by the greatest percentages over the five-year period ending in 2014.

  1. Bulgaria: Up 2,095% since 2010 (US$137,856,000)
  2. Poland: Up 1,494% ($290,921,000)
  3. Congo: Up 1,005% ($11,698,000)
  4. Nauru: Up 605.1% ($90,413,000)
  5. Uganda: Up 560% ($17,298,000)
  6. Liberia: Up 412.8% ($13,229,000)
  7. Bahrain: Up 317.9% ($657,589,000)
  8. Nigeria: Up 297.6% ($199,824,000)
  9. Iraq: Up 263.6% ($258,543,000)
  10. Romania: Up 258.1% ($40,781,000)
  11. Panama: Up 195.9% ($38,376,000)
  12. Slovenia: Up 185.9% ($17,730,000)
  13. Ecuador: Up 171.8% ($17,384,000)
  14. Zambia: Up 170.3% ($24,537,000)
  15. Malawi: Up 137.4% ($11,829,000)


 
Copper ores and concentrates were the fastest-growing Australian product delivered to Bulgaria.

Coal, copper and zinc exports to Poland also posted impressive gains, while wheat and meslin were the top gaining Australian shipments to Congo.

Meat of sheep, goats, swine and cattle was Australia’s leading export gainer to Nauru, a tiny island country in nearby Micronesia.

See also Australia’s Top Import Partners and Highest Value Australian Export Products

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 14, 2015

The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on April 14, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 14, 2015