BUOYANT TRADE.

Auckland Star, Volume LXVIII, Issue 235, 4 October 1937, Page 4

BUOYANT TRADE.

RETURNS FOR AUGUST. BIG INCREASE IN IMPORTS. TURNOVER EXCEEDS £10,000,000. New Zealand's overseas trade for August involved a turnover of £10,000,000 in goods, comprising exports to the value of £4,457,000, and imports £6,008,000. The turnover for the month and the total of imports are both record figures for many years. . The excess of imports over exports, though purely a seasonal phase. show**isoper cent increase on last year's figure.

The most remarkable feature of the month's trade was the rise in imports from £4,800,000 in July to over £6,000,000. This is a record figure for at least five years. The figures for August of the past four years were as follow: — Exports. Imports. Excess. £ t £ 1934 3,080,000 3.232,000 152.000 1935 2,8711.00(1 3.022.000 740.000 3930 3.150,000 3.997,000 847,000 1937 4,457,000 6,008,000 1,551,000 The returns for the eight months ended August 31 show even more clearly the buoyant ■ condition of the Dominion's trade. Exports have increased 25 per cent compared with the same period last year, and imports are up 33 1-3 per cent. The total of imports is almost double that of 1934. The following table compares the eight months ended August 31, for the past four years : — Exports. Imports. Excess. tee 1934 .... 37.430.000 10.85n.000 17.574 000 1935 33.203.000 23.287.000 0.010.000 1030 42.001.000 27.388.000 14.703.000 1937 51,382,000 30,570,000 14,803,000 There were no exports of specie during August, and imports were valued at £1668. For the eight months ended August 31 exports of specie were made to the value of £3500 and imports £98,649.