Jeffrey Robertson, "The North Korean Nuclear Crisis – Implications for Australian Trade", Research Note, Parliament of Australia, 3 Feb 2003
Northeast Asia remains Australia's most important export region despite declining growth trends. In 2001–2002 it accounted for 40.7 per cent of Australia's merchandise exports compared to 12.9 per cent and 12.8 per cent for Europe and the Americas respectively. Any disruption to the stability of Northeast Asia could adversely affect Australia's trade. Japan, China and South Korea rank amongst our top five trading partners. South Korea is Australia's third largest export market. With stability, South Korea will maintain its importance, given its estimated real GDP growth rate of 5.4 per cent in 2003.