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Please highlight any important conclusions that emerge from these tables. For example, how are the various indicators performing, what this means in an international context,
Please highlight any important conclusions that emerge from these tables. For example, how are the various indicators performing, what this means in an international context, and the possible implications in a trade context. The conclusion should be around 300 words.
Section 1 - Growth and Trade Economic Indicators Tabel 1.1: (2021-2022) Information sourced from Department of Foreign Affairs (DFAT, n.d.) Country Real GDP Growth GDP per Capita (2022) Current Account Balance India 7.2% YOY $3,390 USD billions -2.0% China 3.0% YOY $17,886 USD billions 2.2% UK + 4.1% YOY $3,082 USD billions -3.8% USA 2.1% YOY $25,463 USD billions -3.8% Trade with Australia Table 1.2: Australia's Goods and Services Trade with the India [2022-2023] Information sourced from Department of Foreign Affairs (DFAT, n.d.) Exports AUD Imports AUD $Billion $Billion Coal $18.3 Recreational travel $1.7 Education-related travel $5.9 Telecom & ICT services $1.3 Gold $1.5 Refined petroleum $1.2 Recreational travel $0.8 Prof, tech & other business services $1.0 Vegetables, f.c.f. $0.7 Medicaments (incl veterinary) $0.7 Confidential items of trade $0.7 Pearls & gems $0.4 Natural gas $0.6 Made-up textile articles, nes $0.3 Total: $32.4 Total: $12.6Table 1.3: Australia's Goods and Services Trade with the China [2022-2023] Information sourced from Department of Foreign Affairs (DFAT, n.d.) Exports AUD Imports AUD $Billion $Billion Iron ores & concretes $104.8 Telecom equipment & parts $9.8 Natural Gas $20.8 Computers $7.9 Crude minerals, nes $19.8 Passenger motor Vehicles $6.2 Education-related travel $8.7 Furniture, mattresses & cushions $4.1 Gold $8.1 Prams, toys, games & sporting goods $3.7 Confidential items of trade $6.5 Electrical machinery & parts, nes $3.0 Coal $4.0 Refined petroleum $2.9 Total: $203.5 Total: $113.4 Table 1.4: Australia's Goods and Services Trade with the United Kingdom [2022-2023] Information sourced from Department of Foreign Affairs (DFAT, n.d.) Exports AUD Imports AUD $Billion $Billion Other services -details not provided $5.1 Prof, tech & other business services $2.3 Recreational travel $1.8 Recreational travel $2.0 Gold $1.2 IP charges $1.2 Lead $0.4 Insurance and pension services $1.0 Measuring & analysing instruments $0.4 Transport services $0.9 Alcoholic beverages $0.4 Passenger motor vehicles $0.9 Business-related travel $0.2 Personal, Cultural and recreational $0.7 services Total: $11.6 Total: $17.1Table 1.5: Australia's Goods and Services Trade with the USA [2022-2023] Information sourced from Department of Foreign Affairs (DFAT, n.d.) Exports AUD Imports AUD $Billion $Billion Prof, tech & other business services $3.4 Prof. tech & other business services $6.1 IP charges $2.8 Aircraft, spacecraft & parts $2.3 Beef, f.c.f. $1.9 Pharm products (excl medicaments) $2.0 Gold coin & legal tender coin $1.8 Recreational travel $2.0 Pharm products (excl medicaments) $1.5 Passenger motor vehicles $2.0 Recreational travel $1.5 Goods services $1.9 Meat (excl beef), f.c.f. $1.3 IP charges $1.8 Total: $32.6 Total: $62.1Step by Step Solution
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