OUR OVERSEAS TRADE.

Auckland Star, Volume LXI, Issue 201, 26 August 1930, Page 9

OUR OVERSEAS TRADE.

RETURNS FOR JULY.

EXCESS OF EXPORTS

TRADE BALANCE IMPROVED

(By Telegraph.—Press Association.)

WELLINGTON, this day.

Figures for the overseas trade of New Zealand for the month of July, 1930, show exports valued at £3,384,742 sterling, and imports valued at £3,014,713 sterling. lor the period of seven months ended July, 1930, experts were valued at £33,105,433 sterling, and imports at £25,552.256 sterling. The details for the month compared with July of last year are as follow:— 1930. 1029. Exports £3.384,742 £2,719,835 Imports 3,014,713 4,409,032 T*rom the foregoing it will be seen that the Domini.)/* improved its trade balance substantially last month as compared with July of last year when imports exceeded exports by £1,739,517. Last month's exports were in excess of imports by £370,029, showing a change over amounting to approximately £2/100.000. Seven Months' Returns. Taking the period of the firet seven months in the year the following comparisons are obtained:— Jan.-Jul.v. Exports. Imports, Excess. 1925 . £40,475,829 £20,341.324 £11.134,505 1926 . 32,900,529 28,191,183 4,715,340 1927 . 33,-523,313 25,450.500 5,072,513 192S . 41,071.193 24.551.970 16.459,217 1929 . 40,491,376 26,907.095 13,494,251 1930 . 33,1051433 25,552,256 7,583,177

Although the trade balance on overseas business is not nearly as favourable as it was during the two preceding years of excessive primary production coupled with high prices, it would appear that the adverse movement has been definitely checked.