You should spend about 20 minutes on this task.
The graphs below show data on Australian trades with three other countries.
Summarise the information by selecting and reporting the main features, and make comparisons where relevant.
Write at least 150 words.
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Model Answer 1
The line graphs compare the trade balance between Australia and three significant partners - China, Japan, and the United States - across the years 2002, 2005, and 2008.
It is evident from the data that while Australia maintained a trade surplus with Japan and the United States during the observed period, its trade relationship with China underwent a remarkable transformation, ending in a deficit by 2008.
In the case of China, there was a notable shift in the balance of trade over the period. By 2008, a stark reversal occurred with imports exceeding exports for the first time, signalling a significant change in economic interactions. Specifically, imports rose sharply from approximately 20 units in 2005 to just over 40 units in 2008. Exports to China, however, demonstrated a gradual decline, finishing at a lower point in 2008 than where they started in 2002.
Conversely, Australia's trade with Japan remained more stable, with exports consistently higher than imports. The peak of exports to Japan reached just over 60 units in 2006 before experiencing a slight decline by 2008. Imports from Japan showed little fluctuation, maintaining a steady course near 30 units throughout the six-year span.
Trade figures with the United States tell a different story, with exports consistently around twice the volume of imports. Over the years, exports hovered steadily around the 40-unit mark, while imports gradually increased from 20 units in 2002 to approximately 30 units in 2008.
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Model Answer 2
The line graphs illustrate information about Australia’s level of imports and exports with China, Japan, and the United States from 2002 to 2008.
Overall, it is readily apparent from the graphs that Australia exported more to the United States and Japan than that of its imports. However, the bilateral trade between Australia and China followed a different trend.
Although Australia’s export to Japan began at 40 and remained stable until 2005, it reached the peak 61 in 2006, followed by a steady decline to around 50 in 2008. However, when it comes to trade with the United States, Australia’s export always remained double (40) than that of its import (20) and stayed stable until 2006, when both imports and exports started rising gradually.
On the other hand, initially Australia exported more (40) to China than that of its imports (30), and the export remained the dominant player until 2008 when the level of import from China exceeded that of the export and kept rising sharp. In fact, this bilateral trade surplus for Australia reached at its maximum in 2005 when the amount of import plummeted to the lowest point (20.) Finally, the trade with the United States was mostly stable with a consistent higher export, with Japan it went through an unstable export dominance, but in the end, Australia failed to restrain the steep rise of import from China.
Model Answer 3
The charts provide information on Australia’s imports and exports with China, Japan and United States over 2002, 2005 and 2008.
According to the line graphs there are different trends, even though exportations are always greater than the importations, except for the trade with China in 2008.
Deepening the trade with the Asian countries analysed, the products acquired dwindled until 2005; afterwards, the first graph illustrates an upswing of the same datum, while the other line chart shows a steady trend over the years.
Moreover, analysing the good sold abroad in the same countries, we are able to represent two situations: the exports with China shrank from 2002 to 2008 and the ones with Japan rose until mid 2006 and after that they slumped.
The Australia’s trade with the US is shown in the third graph, which not only does it present a steady trend for the importations throuhgout the years, but it also provide almost the same tendency for the exportations. However, the latter, are roughly twice as much as the imports are in each year.
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