Customs and other import duties in Australia
Australia: Customs and other import duties was 16.95 billion current LCU in 2022. ◆ Volatile
Customs and other import duties in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, customs and other import duties in Australia stood at 16.95 billion current LCU.
That represents a change of down 6.5% on the previous year and up 138.5% over ten years.
Over the whole period, customs and other import duties in Australia peaked at 19.51 billion current LCU in 2020 and was at its lowest, 469.00 million current LCU, in 1972.
That places Australia 63rd out of 152 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 875.88 million current LCU | 469.00 million current LCU | 1.36 billion current LCU | 8 |
| 1980s | 2.66 billion current LCU | 1.54 billion current LCU | 3.75 billion current LCU | 10 |
| 1990s | 3.43 billion current LCU | 3.12 billion current LCU | 3.96 billion current LCU | 10 |
| 2000s | 5.33 billion current LCU | 3.80 billion current LCU | 6.28 billion current LCU | 10 |
| 2010s | 10.69 billion current LCU | 5.75 billion current LCU | 15.94 billion current LCU | 10 |
| 2020s | 18.19 billion current LCU | 16.95 billion current LCU | 19.51 billion current LCU | 3 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is customs and other import duties in Australia?
- Customs and other import duties in Australia was 16.95 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Australia?
- The highest recorded value was 19.51 billion current LCU in 2020.
- What is the lowest customs and other import duties recorded in Australia?
- The lowest recorded value was 469.00 million current LCU in 1972.
- How does Australia rank for customs and other import duties?
- Australia ranks 63rd out of 152 countries with data for 2022.
- Is customs and other import duties rising or falling in Australia?
- Over the last ten years it is up 138.5%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.