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Australia and Japan are known to be “one of the second largest” bilateral trading partners for the import and “export markets” and the largest “foreign direct investments” that they’re considered important because “Japan’s investments” play a huge significant task in keeping “Australia’s economy developing”. However two years ago, Australia has exported major products to Japan that includes “LNG, coal , iron ore, beef, copper ore and concentrates” but as for the other “trade ledgers” there are imported products that Australia receives from Japan and these also include “passenger vehicles, gold, refined petroleum, goods vehicles” to which the total of its bilateral trades was very high in such cases under the “Economic partnership agreements” between the two countries allowed them to gain the “market access in goods and services” and “investment protections”.
5 imported products Australia gets from Japan includes:
‘Woven fabrics of combed wool’
‘Articles of iron and steel’
photographic and cinematic goods
Musical instruments
copper
5 other products that Australia has exported to japan includes:
Articles of apparel
Cocoa and cocoa preparations
Edible Fruits and nuts; peels of citrus or melons
Dairy produce
Beverages
As the chart shows the results of “Articles of iron and steel”, Australia gets products imported from Japan where there are products such as railway or tramway track construction materials of iron and steel being the most imported product and that its value is “$51,928” along with their shares being at “65%” in Australia as it explains to us that its higher than 3% of the volume it has with the other products that’s listed under this category while other products that are also imported from japan are valued differently as well as their shares. But the product with the lowest value in this category is “radiators for central heating, non electrically heated and parts of iron and steel”, and they must take into consideration that there may be issues of the product that will give impact towards them in future.
In this chart shows the category of “Edible fruits and nuts; peels of citrus or melons” where this displays that Australia’s most exported product to Japan is “Citrus fruit, fresh or dried…” that the value is “$39,806” along with the shares is “16% in Australia’s exports” indicating that there is a huge demand from Japan that needs the product for businesses that are undertaking the food industries but the least exported products Australia exports to Japan are dried apricots, prunes, dates, figs and other edible fruits and nuts. Moreover the rest of the world exports and imports the products to either country has different values as well with lower percentage shares and that the products involving food is most common.
Based on the currency exchange rate chart, the $1AUD fluctuated against Japan’s currency that as of March 22nd of 2017 of last year, the trend line decreased to the level below in the month of April that not many profits were gained from those who buy products that was either exported or imported by both countries or use the profits for tourism that the country actually provides as it impacted the economies of business to not perform well enough until the trend increased hugely from June all the way to almost to february 2018 which more profits were spent on by people who use it for travels and the products and that counts to the way the performance of the economy being improved much better than what they had during April also it then decreased again during March this year that the $1AUD already impacted to the level below shown on the chart and that it was slightly similar to April last year moreover, this explains that not many again have spent more profits that this is lowered hugely as the currencies between the Australia and Japan are instantly changing more effectively
As of the 5 years in this currency exchange rate chart, this exhibits that in 2013 of March 22nd there was a decrease in profits between Australia and Japan where not much profits were being produced or spent by the economy and business trades that it did not progress well as the impact that lead to this decrease was due to the competition happening as people weren’t really purchasing products or maybe spent money through services like tourism that this even also lead to a low trend in that chart until it slightly increased in between 2014 and 2015 to which some profits were able to be gained from the economy and businesses as this indicates the fact there’s some people from these countries who do spend amounts of profits as the competition is visible. Even though the Australian dollar already impacted the currency in Japan still correspondingly changes, each month and year, when comparing this from the chart of 3 years ago, the trend again hugely decreased that more profits were lost as the economy and businesses did not really give the best performance that the trend line has to be below than the other lines and people only spent little profits of what Australia and Japan are offering but as mentioned in the first graph between 2017 and 2018, the market trend increase where it tries to show to us that both the economy and businesses are performing much better than before of previous years.
The importance of the Japan being a trade partner with Australia is that Japan is that they are a “highly industrialised market economy” where their “GDP – real growth and per capita is $42,700 at 1.5%” stated in 2017 that their services of imports and exports are very successful. There are about thousands of products that includes sportswear apparels that are exported and imported to countries globally within the “articles of apparel” category that if a sportswear product such as women’s sports apparel was imported or exported to Australia or Japan, there would be huge demands for that product even though they’ve grown in line to contribute with “continuations of new products” that will “promote benefits of comfortability and recovery, breathability and moisture wickings” as that is the importance of what businesses of either countries originally would have that as a purpose to a market.
These sportswear apparels are made out of materials being either synthetic fabrics or cotton that they are physically designed in either Japan itself, China, the U.S or any country that is manufactured from. In a five year cycle it would include the introductory stage – the decline stage that if the sportswear apparels is introduced, customers are not aware of the product that is being sold until the growth stage that this would be a beginning that they are then buying the product for the first time and gain profits, then on to the maturity stage, businesses cannot promote their products anymore and they can only put reminders but also the competition starts building up a similar product and lastly to the decline stage, the sales go down and that’ when the competition is involved to do the similar thing to what the first business has done.
In most sportswear businesses, their current volumes of revenue are at “$2 billion”, their profits being “$157.8 million” and that their annual growth is “5.7%”. However there are huge competitors around the world that are selling similar sportswear products against Japan and Australia that a country like the United States of America, however, exports the product as well to other countries such as: China and other countries since they gain a lot of profits from those countries and they are the importance towards Japan for being under the trading partnership agreements as well that supply the products globally.
America has products that are more than 3% volume when it comes to importing and exporting products that the potential predictions that it will have again Japan is that the trends will likely increase that their “total growth of exports is 13%

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