The line graph illustrates the comparison of Australia’s trade figures in terms of imports and exports from 2004 to 2009 in three different countries, including China, Japan, and the United States. Overall, Australia’s exports in China and Japan increased steadily while in the US grew slightly before declining. In contrast, a marginal rise was witnessed in China’s imports but Japan and US stayed the same after having a little transformation and continued to decrease. Meanwhile, export values in China and Japan were higher than imports, whereas in the US, imports remained significantly higher than exports.
Regarding Japan’s exports, starting at 20 billion in 2004, it increased and stood stable during 2005 to 2007. Peaking of approximately 40 billion in 2008 before dropping sharply to 30% in 2009. Similarly, China’s value of exports rose from just over 10 billion in the beginning and rapidly grew over the period. However, the rate of the exports in the US was beginning with a low figure, just nearly 8 billion in 2004 and under 15 billion in 2007, after which it declined back to around 10 billion in 2009, there was a gradual plateau.
In terms of imports, China experienced a modest but steady growth, rising from 20 billion and markedly reaching a peak of nearly 30 billion in 2008, remaining consistently until 2009. Imports from Japan fluctuated minimally, staying the same at 20 billion during 2004 to 2008. Likewise, US imports reached a high value around 25 to 30 billion in 2008, both of that minor drop in the last year.