Introduction An overview of the essential information about the correlation between the exported and the imported goods, which the trade flow is typically defined as (Behar and Nelson 7), is vital to the success of the strategies adopted by the state government in the economic area. Unless the state authorities apply the necessary measures to handle the increase in import and, therefore, prevent the state economy from becoming consumption-oriented, a rapid economic downfall is expected. As far as the Australian economy is concerned, the state exports a range of products, which allows it to maintain a rather strong position in the global economic environment despite being geographically isolated from the European and the American markets. Among the products that can be deemed as the trademarks of the Australian economy, wool has to be named. Although the need for wool seems to have dropped due to the increase in the artificial substitutes, which are cheaper and of nonetheless high quality, Australia remains an important exporter of wool, which means that its trade flow is likely to grow as long as the production thereof is supported and the private companies are encouraged. Data Description The general data on the Australian trade flow can be considered quite positive. According to the information provided by WTO, the GDP of the state has been growing since 2012 (see Appendix A) (World Trade Organization par. 1). Indeed, a closer look at the state’s GDP will reveal that, though having experienced some ups and downs in its economic progress, Australia has been showing remarkable progress (see Fig. 1). Figure 1. Australian GDP (2005-2015) (Trading Economics “Australia GDP” par. 5). Similarly, the wool industry has been expanding over the past few years, according to the official data. Specifically, the fact that the state imports a total of 845.00 million AUD on an annual basis deserves to be brought up (Trading Economics “Australia Exports” par. 4). However, one must admit that the rates of wool trade flow have dropped slightly over the past few years (see Fig. 2 below). The observed phenomenon is not quite surprising, seeing that an array of new products has emerged in lieu of the natural woolen clothes (in the apparel industry) and the related items (e.g., the lanolin in the cosmetics industry). Figure 2. Wool Exports in Australia (2015–2016) (Trading Economics par. 3). A closer look at the subject matter will show that the balance of trade in Australia has been suffering negative changes as well. Which is even more disturbing, the trade flow rates have been rather inconsistent over the past few years. It would be wrong to state that Australia has been going consistently downhill in its economic department. Instead, the trade flow rates have been going through regular ups and downs. For instance, Fig. 3 shows that there has been a vast improvement between January and April 2016, yet the trade flow rates were reduced shockingly low in April again. Figure 3. Trade Flow Rates in Australia (2015-2016). Data Analysis and Results Discussion As the charts provided above show, the trade flow rates in Australia are an evident reason for concern. Despite the fact that the subject matter is not plummeting on a regular basis, the