The COVID-19 pandemic has significantly impacted on Australia’s economy and society across a wide array of areas. As Australia moved through the pandemic period (Figure 1), demand for COVID-19 associated products has directly driven changes in international trade patterns, with record imports observed across a range of medical related products. This article highlights selected import categories that featured notable changes in trade since the beginning of the pandemic and leverages the granularity of the International Merchandise Trade dataset.
Figure 1: Timeline for COVID-19 lockdowns and vaccination progress
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Description
Imports are classified in accordance with the Harmonized System (HS), with the most detailed level of imports classification being the Harmonized Tariff Item Statistical Code (HTISC). Some analysis below utilises the HS 6-digit (HS6), which refers to a mid-level aggregation of HTISC commodity codes that is generally comparable between countries [1].