Imports of goods and services, Volume, Cost insurance freight (CIF) in Australia
Australia: Imports of goods and services, Volume, Cost insurance freight (CIF) was 2.16 in 2031. ◆ Volatile
Imports of goods and services, Volume, Cost insurance freight (CIF) in Australia, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, volume, cost insurance freight (cif) in Australia is 2.16, measured in 2031.
That represents a change of down 0.9% on the previous year and down 58.9% over ten years.
Over the whole period, imports of goods and services, volume, cost insurance freight (cif) in Australia peaked at 22.06 in 1984 and was at its lowest, -12.01, in 2020.
That places Australia 21st out of 26 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services, Volume, Cost insurance freight (CIF) in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 5 | — |
| 1981 | 10.04 | +101.0% |
| 1982 | 5.46 | -45.6% |
| 1983 | -9.82 | -279.9% |
| 1984 | 22.06 | -324.6% |
| 1985 | 3.79 | -82.8% |
| 1986 | -3.15 | -183.1% |
| 1987 | 2.52 | -179.9% |
| 1988 | 21 | +734.6% |
| 1989 | 21.18 | +0.9% |
| 1990 | -3.86 | -118.2% |
| 1991 | -2.6 | -32.7% |
| 1992 | 6.85 | -363.6% |
| 1993 | 5.16 | -24.7% |
| 1994 | 14.29 | +176.8% |
| 1995 | 8.79 | -38.5% |
| 1996 | 8.01 | -8.9% |
| 1997 | 10.43 | +30.3% |
| 1998 | 7.28 | -30.3% |
| 1999 | 8.2 | +12.7% |
| 2000 | 8.04 | -2.0% |
| 2001 | -4.65 | -157.9% |
| 2002 | 10.88 | -333.8% |
| 2003 | 11.01 | +1.2% |
| 2004 | 15.55 | +41.3% |
| 2005 | 9.36 | -39.8% |
| 2006 | 8.72 | -6.9% |
| 2007 | 13.03 | +49.5% |
| 2008 | 10.9 | -16.4% |
| 2009 | -9.03 | -182.9% |
| 2010 | 16.3 | -280.5% |
| 2011 | 10.25 | -37.1% |
| 2012 | 6.58 | -35.8% |
| 2013 | -2.25 | -134.2% |
| 2014 | -1.4 | -37.9% |
| 2015 | 2.32 | -266.1% |
| 2016 | 0.5976 | -74.2% |
| 2017 | 8.21 | +1274.0% |
| 2018 | 4.95 | -39.8% |
| 2019 | -1.12 | -122.6% |
| 2020 | -12.01 | +975.4% |
| 2021 | 5.26 | -143.8% |
| 2022 | 13.65 | +159.6% |
| 2023 | 6.74 | -50.6% |
| 2024 | 5.84 | -13.4% |
| 2025 | 3.81 | -34.8% |
| 2026 | 4.92 | +29.3% |
| 2027 | 2.58 | -47.6% |
| 2028 | 2.35 | -9.0% |
| 2029 | 2.25 | -4.4% |
| 2030 | 2.18 | -3.0% |
| 2031 | 2.16 | -0.9% |
Australia compared with similar countries
- Australia's 2.16 is below the median for high income countries, which is 3.2, 68% of the median. (13 countries reporting)
- Australia's 2.16 is below the median for East Asia & Pacific, which is 2.82, 77% of the median. (7 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services, Volume, Cost insurance freight (CIF) in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1274.0% | 0.5976 | 8.21 |
| 2020 | -975.4% | -1.12 | -12.01 |
| 1988 | +734.6% | 2.52 | 21 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.81 | -9.82 | 22.06 | 10 |
| 1990s | 6.25 | -3.86 | 14.29 | 10 |
| 2000s | 7.38 | -9.03 | 15.55 | 10 |
| 2010s | 4.44 | -2.25 | 16.3 | 10 |
| 2020s | 3.54 | -12.01 | 13.65 | 10 |
| 2030s | 2.17 | 2.16 | 2.18 | 2 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services, volume, cost insurance freight (cif) in Australia?
- Imports of goods and services, volume, cost insurance freight (cif) in Australia was 2.16 in 2031, according to International Monetary Fund.
- What is the highest imports of goods and services, volume, cost insurance freight (cif) recorded in Australia?
- The highest recorded value was 22.06 in 1984.
- What is the lowest imports of goods and services, volume, cost insurance freight (cif) recorded in Australia?
- The lowest recorded value was -12.01 in 2020.
- How does Australia rank for imports of goods and services, volume, cost insurance freight (cif)?
- Australia ranks 21st out of 26 countries with data for 2031.
- Is imports of goods and services, volume, cost insurance freight (cif) rising or falling in Australia?
- Over the last ten years it is down 58.9%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
Download this data
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.