SEVEN MONTHS' TRADE.

Auckland Star, Volume LIV, Issue 213, 8 September 1923, Page 15

SEVEN MONTHS' TRADE.

EXPANDING IMPORTS. The exports from New Zealand in July totalled £2,642,354, as compared with £3,728,565 in the corresponding month of last year, a decrease of £1,086,211, equal to nearly 30 per cent. For the seven months ended July 31 last the exports totalled £33,724,687, aa against £30,620,931 in the corresponding term of last year, an increase of £3,103,750, equal to slightly more than 10 per cent. The imports in July last were valued at £3,643,444, as compared with £2,204, 622 an increase of £1,438,822, equal to nearly 65 per cent. For the seven months ended July 31, 1923, the imports amounted to £24,648,012 as against £18,393,094 in the corresponding seven months of last year, exhibiting an increase of £6,255,918," equal to about 32 per cent. The balance of trade in the two periods is shown in the table appended: _ • 1923. 1922. Exports 7 £ f months 33,725,5G5 30,620,D31 Imports 7 months 24,648,012 18,393,094 Excess of exports 9.050553 12,227,537 The margin between exports and imports is still large, but it ia obvious from the expansion of the imports that merchants are replenishing stocks. An examination of the details of imports discloses the fact that no small amount I of thft increase is due to the import of I what may be termed luxuries. Thus for seven months of this year the motorvehicles imported into the country numbered 6797, valued at £1,232,973 as compared with £319,454 in ' the I corresponding period of last year The increase under this head' is f913,519; motor-bicycyes show an increase of £54,787; rubber tyres, tubes, covers, other materials and parts for motor-vehicles and motor-bicycles in ' creased £209,909. Thus the increase in' imports of motor-vohieles, etc, totalled xl,l j S ? 2 1 •).