Australia's electronics imports 2023 overview

 

Australia is a prominent importer of electronics items. Australia imports a considerable amount of consumer goods to meet growing demand. According to Australia import export data reports, the country’s electronics items imports were recorded to be $27 billion in 2023. As compared to $25 billion worth electronics imports in 2022, there was a significant decline in the electronics imports by Australia.

China was the most favoured destination by Australia for electronics imports. It is derived from the fact that Australia has imported nearly $15 billion worth of electronics items from China. China accounted for 50% share of Australia's electronics imports. The USA and Vietnam were two other major electronics suppliers to Australia during 2023.

As per Australia import data, the electronics imports from the USA were recorded to be $3 billion while Vietnam stood at $2.2 billion. Also, Australia has shown interest in electronics imports from Germany, Malaysia, Mexico and South Korea. The top imported electronics items by Australia were mobile phones, LCD, LED, walkie talkie battery, electrical transformers, monitors, projectors, modems.

Epson Australia, Ge Grid Australia and Polycab Australia were among some of the renowned electronics import companies from Australia in 2023. Whereas, the leading electronics export companies to Australia were Samsung Electronics (Vietnam), LG Electronics (Indonesia) and Philippine Batteries.

Computers and its accessories accounted for 13% of Australia's overall imports. Australia customs data suggests that around 39 billion worth of computer machinery were imported during fiscal year 2023. The most favoured markets for Australia's computer imports were China, USA, Malaysia and Singapore.

In terms of electronics exports, Australian exports of electronics were up by 9%. According to Australia export data, the overall electronics exports from Australia were estimated to be around $3.9 billion in 2023. Whereas, it was $3.5 billion during 2022. New Zealand and the United States were among the top electronics items importing countries from Australia last year.

New Zealand and the United States were responsible for $1 billion and 630 million worth of electronics items imports from Australia during last year. Whereas the fastest growing markets for Australia’s electronics items exports were United Kingdom (6%), Singapore (4%), United Arab Emirates (3.5%) and China (3.2%) respectively. Noja Power Switchgear, Inner Range and Freedman Electronics were the leading electronics export companies from Australia responsible for the maximum number of shipments last year. 

Australian companies which are looking to extend their electronics exports business could adhere to the data driven marketing approach. There are many global import export data provider companies offering reliable and accurate trade information on various industries. Australian companies could analyze the market trends, demands, financial risk, competitors and opportunities through trade intelligence reports.

These reports will provide in-depth insights over top trending electronics products, top importing/exporting countries, leading import export companies along with their shipments records and competitor analysis. This will help companies to plan accordingly as per the market trends and risks. You can discover the list of electronics product buyers through a global trade database. It is the most economical way to find genuine international buyers.