The graphs present the import of New Zealand from Australia and Japan from year 1994 to 2004, measured in NZ$ million
The graph depicting imports from Australia shows a generally upward trend over the decade. In 1994, imports stood around at NZ$4,000 million and fluctuated modestly in the subsequent years, reaching about NZ$5000 million by 1996. A notable dip occurred in 1999, with imports falling to approximately NZ$4000 million. However this was followed by a sharp increase peaking at the record NZ$8000 million in 2002 before stabilizing around that level by 2004
In contrast the imports from Japan shows a generally upward trend initially starting at NZ$3,000 million in 1994, there was a significant rise, peaking at about NZ00 million in 1877.However after this peak the imports experienced a steady decline , reaching a low of approximately NZ$2000 million by 2004
Comparatively, while imports from Australia showed a steady increase over the period, those from Japan initially rose but subsequently declined sharply. This suggest a shift in New Zealand’s trade preferences or economic relationship, favoring Australian imports more consistently by the end of the period
Overall, the graph highlights trends in New Zealand’s import activities with Australia and Japan , with Australia coming as a favorite by becoming prominent by 2004