The given graph depicts the changes in the distribution of Australian exports to Japan,US, China, and India over a period of 22 years from 1990 to 2012.
Overall, there was a gradual decline in the proportion of both Japan and the US, while China and India displayed patterns of increasing. Notably, Japan had the highest share in the first year, but China overtook it towards the end of the period.
In 1990, Japan recorded the highest percentage, accounting for approximately 14%, whereas the US ranked second, with merely 11%. After that, Japan and the US displayed a similar tendency, decreasing to below 20% and 7% in 1995, respectively. However, there was a difference between them in the rest of the period. Japan’s percentage saw a modest decline from 1995 to 2002, and then it recovered to 20% in 2004, before again dropping to 18%. Although the figure for the US witnessed the opposite pattern, reaching a peak at 11%. It then underwent a decrease, falling to 6% in 2012.
Conversely, the figure for both China and India exhibited the same trend of growing from 1990 to 2008. The figure for China and India modestly grew, climbing from merely 3% and 2% to 14% and 8% in 2008. However, the proportion for India then underwent a decline, dropping to 5%. China, however, still maintained its pattern, substantially growing to 28% at the end of the period.