The three charts illustrate the value of Australian trade with three different countries in Australian dollars from 2004 to 2009.
To begin with Australia’s trade with China, In 2004 vcalue of imports are nearly 12$ billion and exports are 19$ billion. Overall, the value of Australian trade is higher through imports. Initially imports are higher than exports, but later this became completely vise-versa.
Australia’s trade with Japan, In detail, initially the value is 20$ billion, but over the period the value of exports are raised upto 41$ billion in 2008 and then after it decreased to 31$ billion, but value of imports are quite constant from 2004 to 2007 and then it had a slight increase in its value i.e. 20$ billion to 21$ billion. In 2009 again witnessed a dip in trade value.
Australia’s trade with United States, this is the last country where Australia’s trade associated with. Overall, the value of imports are bigger than exports. In 2003 the value of exports are 10$ billion and imports with 20$ billion then the trade had a contant value upto 2005, then after it slightly increased by 1$ billion in both imports and exports. In 2009 trade witnessed a dip in trade value.
