Australia steadily increased its significance as a market for New Zealand’s exports from the late 1960s. The conclusion of the closer economic relations agreement in 1983 did not create the trend – indeed, after the mid-1990s it levelled off as exports to China and other East Asian economies thrived. That still left Australia as New Zealand’s single largest market for another two decades – and also the source of between a fifth and a quarter of its imports, as had long been the case.
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Source: Statistics New Zealand