The line graphs provide information on the value of imports and exports made by Australia with three different nations between 2002 and 2005.
Overall, it is readily apparent that the value of exports was always higher than that of imports in terms of trades made with the USA and Japan. However, for china, the import value was more except in 2003, when the exports had a higher value.
In terms of trade with the USA, Australia's earnings from exports was more than that of imports throughout the period. The figures for exports first experienced a gradual rise from 2. 4 billion Australian dollars to 3. 1 billion Australian dollars between 2002 and 2004, after which there was a slight drop of roughly $0. 3 billion. Imports followed a somewhat similar trend, starting with $1. 6 billion in 2002 then reaching a value of $2. 1 billion after falling from a peak of $2. 3 billion. As for the exports made with Japan, the figures overall increased with a dramatic rise from $1. 4 billion to $2. 6 billion between 2003 and 2004 after which they remained constant until 2005. The trends for import value were somewhat the same and it experienced an overall growth of $1 billion between 2002 and 2005.
Australia's trade value with China fluctuated the most. The value of imports was the same ($4. 5 billion) in 2002 and 2005. In 2003, however, the figures plummeted to an all-time-low of $2. 5 billion. In terms of the exports, the value grew significantly from $2. 4 billion in 2002 to $4. 5 billion in 2003, then it dropped to $1. 7 billion before rising again to a value just above $2. 5 billion.
The line graphs provide information on the
value
of
imports
and
exports
made by Australia with three
different
nations between 2002 and 2005.
Overall
, it is
readily
apparent that the
value
of
exports
was always higher than that of
imports
in terms of trades made with the USA and Japan.
However
, for china, the
import
value
was more except in 2003, when the
exports
had a higher value.
In terms of trade with the USA, Australia's earnings from
exports
was more than that of
imports
throughout the period. The figures for
exports
first
experienced a gradual rise from 2. 4
billion
Australian dollars to 3. 1
billion
Australian dollars between 2002 and 2004, after which there was a slight drop of roughly $0. 3
billion
.
Imports
followed a somewhat similar trend, starting with $1. 6
billion
in 2002 then reaching a
value
of $2. 1
billion
after falling from a peak of $2. 3
billion
. As for the
exports
made with Japan, the figures
overall
increased with a dramatic rise from $1. 4
billion
to $2. 6
billion
between 2003 and 2004 after which they remained constant until 2005. The trends for
import
value
were somewhat the same and it experienced an
overall
growth of $1
billion
between 2002 and 2005.
Australia's trade
value
with China fluctuated the most. The
value
of
imports
was the same ($4. 5
billion)
in 2002 and 2005. In 2003,
however
, the figures plummeted to an all-time-low of $2. 5
billion
. In terms of the
exports
, the
value
grew
significantly
from $2. 4
billion
in 2002 to $4. 5
billion
in 2003, then it dropped to $1. 7
billion
before
rising again to a
value
just
above $2. 5
billion
.