The given line graphs provide information about the income and spending of Australia’s trade with three different countries, namely the USA, Japan, and China, between 2002 and 2005. Units are measured in billion australian dollars.
Overall, it is clear that despite some fluctuations in the finance of trade with China, the amount of value coming from exports showed upward trends in all categories. In addition, the amount of value in export was by far the highest, while the reverse was true for the trade with China.
In detail, the revenue from sales with the USA had a notable lower rate than money spent for export, 2.5 and just under 4.5, respectively. Due to a dramatic decline in imports and a noticeable rise in exports in 2003, they reached one another’s initial positions. But this was followed by a significant increase to 4.5 in imports from Australia, which is a similar amount to its beginning. The income from export declined dramatically in 2004 from 4.5 to about 1.8, but a negligible rise of 1 was observed in 2005.
Moving to the trade with the USA and Japan, the expenditure related to the USA started at 2.5 for export and 1.5 for import in 2002. Before a slight decrease was observed in both figures to approximately 2.8 and just over 2 in 2005, respectively, both increased notably, reaching just over 3 in export and 2.3 in import in 2004. The income and spending from the trade with China made up about 0.8 and 1.2 in the first year; after reaching its peaks in 2004, 2.5 and 1.5, respectively, the figures witnessed hardly any change until 2005.