The line graphs illustrate the value of imports into New Zealand from Australia and Japan between 1994 and 2004.
Overall, imports from Australia showed a generally increasing trend over the 11-year period, while imports from Japan declined gradually. In the early years, Japan was a more significant trade partner, but this changed by the end of the period.
In 1994, New Zealand imported goods worth around NZ$3.3 billion from Japan and approximately NZ$2.5 billion from Australia. Over the next few years, Japanese imports saw a steady decrease, falling to about NZ$2.5 billion by 2000 and reaching just above NZ$2 billion in 2004.
In contrast, imports from Australia rose consistently, surpassing Japanese imports around the year 1998. By 2004, the value had climbed to roughly NZ$4.5 billion, making Australia the dominant source of imports.
In summary, while Japan was New Zealand’s major import partner in 1994, by 2004 Australia had taken the lead due to a continuous rise in imports, in contrast to Japan’s gradual decline.
