The line graph delineates the proportion of Australian goods exported to 4 nations, including Japan, the US, China, and India, during the period from 1996 to 2001.
Overall, while the figures for Japan and the US experienced a steep downward trajectory, those of Chinese and India exhibited a contrasting pattern. Despite occupying for a small percentage of exporting goods, China became the largest importing market from Australia.
In 1996, Japan commenced the timeframe at just above 25%, and then gradually declined to reach a trough of approximately 17% by 2001. By contrast, the US underwent multiple fluctuations. The figures for America began at about 11% in 1996, followed by a dip and then bouncing back to the initial level in the two years following. Subsequently, this rate encountered setback to merely 5% in 2000, before edging up slightly to nearly 7% at the end of the period.
Regarding the two remaining countries, both started at almost equal rate, with only 2% for India and 3% for China by 1996. Thereafter, the proportion of goods to China demonstrated a massive leap, hitting a celing of 28% by 2001 and surpassing all other nation to become the largest exported destination. Meanwhile, the percentage for India plateaued until 1998, and then culminated at 7% by 2000, before slightly fell to 5% by the end of the period.