Australia | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Imports of goods and services (current US$)
1960 2611840417.8945
1961 2952320472.3713
1962 2512160401.9457
1963 2974720475.9553
1964 3270400523.2641
1965 3959200633.4721
1966 4124960659.9937
1967 4222400675.5841
1968 4730880756.9409
1969 4883200781.3121
1970 5455520872.8833
1971 5839680934.349
1972 6220794392.5234
1973 7022421524.6637
1974 11737656595.431
1975 14315171377.851
1976 14038081936.92
1977 16144757972.012
1978 17265414581.989
1979 20687265704.873
1980 23827298050.139
1981 29570416811.796
1982 32610614586.781
1983 27657830161.663
1984 28996243474.985
1985 31190673250.026
1986 32912702853.945
1987 32314716781.366
1988 39231436371.15
1989 50821263276.52
1990 53060646565.29
1991 52680239945.814
1992 53341618613.579
1993 55746908375.492
1994 59676236596.334
1995 73019750519.751
1996 77631200583.308
1997 82133225648.418
1998 81674014786.678
1999 80794585787.693
2000 89663284607.906
2001 83770437082.283
2002 82017039226.428
2003 98900407687.828
2004 121992459809.36
2005 145652868456.56
2006 162450827269.88
2007 186601240480.49
2008 239715332950.15
2009 211106497147.69
2010 237995666496.38
2011 285356953768.4
2012 335184302952.68
2013 335587972476.51
2014 313702700990.67
2015 291119040943.28
2016 260021342759.48
2017 274846166783.19
2018 307300096115.09
2019 301767475391.73
2020 268413428246.4
2021 276347165282.58
2022 333675327040.55

Australia | Imports of goods and services (current US$)

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source