Trends in Australia's Trade Relationship with Singapore
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This graph indicates the trend, regarding comparisons of the amount of merchandise imports and exports between Australia and Singapore. It is evident that imports and exports share a similar pattern of rise and decline. We have always imported more from Singapore than we have exported. The difference between the money in imports and exports lies at an approximate average of $7,000 Million. The largest difference was in 2008; where our cost of imports was much(Approx. $10,000 Million) higher than our income of exports. As of 2012, imports from Singapore are costing approximately $7,000 Million more than our Singaporean exports are making.
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This graph communicates the differences in income, between the years of 2007 and 2012. When concentrating on the primary exports (First two bars), it is evident that our Singaporean exports have risen by approximately 45%. This demonstrates that over the last 5 years, our trade relationship has become much stronger.
Both Graphs Available From: http://www.dfat.gov.au/geo/fs/sing.pdf