The line graphs illustrate the value of Australia’s trade in exports and imports with China, the USA and Japan between 2002 and 2005, measured in billions of Australian dollars.
Overall, imports from China experienced a slight increase, while exports remained unchanged. Trade with the USA exports and imports rose. Additionally, Japan showed a steady upward trend in both figures throughout the period.
In 2002, exports from China stood at around 2.5 billion Australian dollars, while imports were just under 4.5 billion. In 2003, the figure for exports from China rose considerably from 2.5 to 4.5 billion, whilst imports declined significantly from 4.5 to 2.5 billion.In 2005, imports from China increased from 2.5 to 4.5 billion.Exports from China declined from 4.5 to 2 billion in 2004.By 2005, exports accounted for 3 billion Australian dollars.
In 2002, exports from the USA stood at almost 2.5 billion Australian dollars, whereas imports started at 1.5 billion dollars.In 2004, exports from the USA accounted for 3 billion, while imports climbed noticeably from 1.5 to around 2.5 billion.By 2005, exports from the USA declined from 3 to 2.7 billion. Imports from the USA dropped from 2.5 to 2 billion Australian dollars.
In contrast, in 2002, import from Japan had below 1 billion Australian dollars, whereas exports had above 1 billion. In 2004, import from Japan grew from 1 to 1.5 billion.Exports from Japan rose significantly from 1.2 to 2.5 billion, while exports from Japan remained unchanged in 2005.By 2005, the figure for imports from Japan rose slightly from 1.5 to 1.7 billion Australian dollars.