The line graph compares four distinct nations, namely Japan, the US, China, and India in terms of the proportion of exports from Australia between 1990 and 2012.
In general, it is evident that from 1990 to 2012 total exports to India and China grew, while US and Japanese imports declined. Additionally, China became the main importer of Australia by the end of the period.
In 1990, Japan ranked first among 4 counterparts in terms of how much goods it imported from Australia, accounting for about 25%, followed by a moderate drop of approximately 7% for a decade. After experiencing a minor fluctuation from 2000, the percentage of Australian exports to Japan ranked second (18%). Besides, it can be observed that China imports had climbed gradually for nearly two decades beginning in 1990, prior to a substantial growth to more than a quarter (28%) of Australia’s total export value in 2012. Despite leading the market regarding Australian exports in the first 18 years, Japan was replaced by its Chinese counterpart in the last period of 5 years.
The US import percentage from Australia had occupied above 10%, before exhibiting minor fluctuations, hovering around 10% over the first decade. In addition, India started with the lowest level but recorded a steady increase until 2009. Although India had surpassed the US in relation to the proportion of imports from Australia around 2008, this country continuously became the least common market for Australian merchandise by the end of time span.