The line graphs compare Australian trade with three countries in terms of value measured in Australian dollars between 2004 and 2009.
Overall, the value of Australian trade with China experienced a significant rise over the period, while Australia’s trade with Japan and the United States increased slightly.
In 2004, the value of Australian exports to China accounted for more than 10 billion dollars, and it doubled after 2007. This value became approximately 35 billion dollars by 2009. Initially, the value of Australian imports from China was less than 20 billion dollars, and it reached roughly 30 billion dollars finally. The figures converged at 30 billion dollars between 2008 and 2009.
In terms of the value of Australian exports to Japan, the figure doubled from 20 to 40 billion dollars by 2008, and it declined to 30 billion dollars in the last year. The value of Australian imports from Japan and the USA had the same trend, fluctuating around 20 billion dollars with a gradual increase in 2009. Despite the decrease between 2008 and 2009, Australia’s exports to the USA underwent a slight increase, indicating 10 billion dollars.
