The given bar chart demonstrates the financial value of Australia’s trading connections with five asian countries throughout 3 years between 2012 and 2014. Overall, it is evident that China was the dominant trade partner throughout entire time period in comparison to remained 4 countries: Japan, Korea, Thailand and Vietnam, that invested far less budget in trade with Australia.
To begin, it is apparent that China maintains the wealthiest and most diverse economic relations with foreign coutries in contrast with other countriest on the East side of the world. That was proved in 2012, when China invested over 120 million australian dollars in trade relations with the Commonwealth of Australia. Following this, in two years China reached it’s peak in 2014, spending more than 150 million australian dollars in order to maintain goods exchange with Australia.
Japan ranked second in trade relationship with Australia, spending 3 years in a row since 2012 the same amount of money with number over 60 million australian dollars. Thailand following the same pattern, invested 20 million australian dollars each year during the entire time period. Lastly, Korea and Vietnam both spent biggest amount of money in 2014 in comparison with 2012 and 2013, with 38 and 10 million dollars.