This bar chart illustrates the number of Australia’s trading links for three consecutive years starting in 2012 with different trading partners, namely China, Japan, Korea, Thailand, and Vietnam.
Overall, it can be seen that while China had the highest value in trading links with Australia among the five countries over the three years, the opposite was true for Vietnam.
According to the chart, China started to trade with Australia in 2012 with nearly 120,000 A$ millions, then continued to spend more money in both of the other two years (approximately about 150,000 A$ millions). Japan came next; the total amount of money Japan spent on trade relations in 2012 was about 70,000 A$ millions, which was equal in 2013 and about 1,000 A$ millions slightly higher than in 2014. It is notable that the figure for the value Korea took up in the first two years was similar (about 30,000), which was marginally lower than in 2014. For Thailand, there was a slight fluctuation in the value of Australia’s trade links in all three years and peaked at below 20,000 in 2014. Although Vietnam showed an upward trend, the amount of money in business links was at a very low level. The figure increased from approximately A$5,000 million in 2012 to A$10,000 million in 2014.