The two line graphs show the value of imported goods to New Zealand from Japan and Australia over a decade, specifically from 1994 to 2004.
Overall, imports from Australia increased gradually, whereas imports from Japan experienced a decline after an initial spike.
There was a steady increase in the imports from Australia. Starting at 4,000 million NZD in 1994, imports from Australia fluctuated until 2002. It saw a continuous rise, reaching a peak of 8,000 million NZD in 2003. This trend indicates a strong and growing economic relationship between New Zealand and Australia, doubling the value of imports in this period.
In contrast, imports from Japan dropped suddenly. After peaking at 8000 million NZD in 1996, imports from Japan experienced a fluctuation in 2000. It experienced a drastic decline, reaching approximately 2,000 million NZD by 2004. This significant decrease suggests a deterioration in trade relations in New Zealand’s import preferences away from Japanese goods and highlights a notable disparity in the import trends from these two countries.
