BRITISH TRADE

Press, Volume LXIX, Issue 20937, 18 August 1933, Page 9

BRITISH TRADE

INCREASE IN VALUE OF EXPORTS / DISTRIBUTION OF OVERSEAS COMMERCE (BBITJBH OWCIAi WItISJLSSS/

RUGBY, August 16. The Board of Trade journal states that in the. current year there has been a slow but steady expansion .-'in the value of British exports, and 'in view of the decline in the average'value of exported goods it is probable that for May and June, as well as for July, the volume of shipments exceeded those of the Corresponding months last year. Though the volume of retained imports is normally much smaller ,in the summer than in the early months of the year there has been a tendency this year for retained imports also to increase in volume, this being mainly due to an increase in raw materials imported. Regarding the distribution oi overseas trade it is stated that imports, into the United Kingdom from British countries in the first six months of 1933 were valued at 38.78 per cent, of the total imports from all sources, compared with 36.23 per cent, and 31.36 per cent, in the corresponding periods of 1932 and 1924 respectively. The exports of the United Kingdom to * British countries accounted for 44.12 per cent, of the total value of shipments to all destinations, as against 44.82 per cent, and 40.71 per cent, respectively for the corresponding periods in 1932 and 1924. " It is added that the slight decline compared with 1932 was much more than, accounted for by the smaller purchases this year by the Irish Free State.