The bar chart compares the value of Australia’s trade with five partners – China, Japan, Korea, Thailand and Vietnam – over the period from 2012 to 2014, measured in Australian dollars (millions).
Overall, China was by far Australia’s largest trading partner throughout the period, and its value increased steadily each year. In contrast, Japan ranked second but showed a slight decline. The remaining countries accounted for much smaller shares, although most experienced modest growth.
In detail, trade with China rose significantly from approximately 125,000 million in 2012 to around 150,000 million in 2013, before reaching about 155,000 million in 2014. Meanwhile, Japan’s figures were relatively stable at roughly 70,000 million in 2012 and 2013, followed by a small drop to just under 70,000 million in 2014.
Korea showed gradual growth, increasing from about 30,000 million in 2012 to roughly 35,000 million by 2014. Thailand’s trade values remained fairly consistent at around 18,000-20,000 million across the three years. Vietnam, although the smallest partner, experienced noticeable growth, rising from approximately 5,000 million in 2012 to about 10,000 million in 2014.
In summary, Australia’s trade expanded overall, driven mainly by strong growth with China, while other partners saw either modest increases or slight fluctuations.