The given charts describes the import and export values in billions of dollars between two specific countries , Australia and China over a period of seven years, while Australian imports from China, like clothes, furniture, toys, and technology are examined over a couple of years.
Overall, the business relations between the two countries steadily over time, wherein Australia always imported more than exporting to China.In case of specific goods sports and communication equipment were vigorous in Chinese exports to Australia.
In detail, in the year 1998, Australian exports to China were valued at 10 billion dollars while Chinese imports from Australia were double that export value. Within 3 years, by the year 2001 goods imported from China became 30 billion whereas, goods exported from China stood at 20 billion. By the end of surveyed year 2004 the numbers were, 30 billion for goods imported into China and 40 billion for items shipped out of China.
In terms of shipment categories, observed in 2003 and 2004, clothes shared equal worth of 4 billion dollars in both consecutive years. While sporting gear and toys skyrocketed to approximately 7 billion in 2004 from just 2 billion in 2003. Additionally telecommunication devices were evaluated to be 8 billion by 2004 in contrast to 3 billion in the previous year.