RECORD VALUE OF EXPORTS

Press, Volume LXXXII, Issue 24984, 19 September 1946, Page 4

RECORD VALUE OF EXPORTS

FIGURES FOR YEAR EXCESS OVER IMPORTS OF £28,000,000 An excess of £28,027,005 of exports over imports by the Dominion is recorded for the year ended last June. The record value of £90,673,856 for exports was achieved mainly as the result of increased shipments of wool, the value of this commodity exceeding that of the previous year by £ 11,526,513, reports the Abstract of Statistics. Pointing out that export statistics for recent years “cannot be regarded as giving the same reliable Indication of production as formerly,” the Abstract says that the figures are, however, of interest. A comparison of external trading for the last five June years is:—

To give a correct indication of the changes in the physical volume of New Zealand produce exports in a period of changing price levels, the Abstract publishes tables showing that the value increased from 1939 to 1946 b~ 55 per ■ cent, and the volume by 4 per cent. In 1941-42, the volume increased by 5 per cent, over 1938-39, but it dropped by 1 per cent, in 1942-43, by 5 per cent in 1943-44, and by 1 per cent, in 1944-45. Principal items of exports showing decreases in 1945-46 were butter, cheese, frozen lamb, and frozen mutton.

Excess of Exports. Imports. Exports. £ £ £ 1942 . 74,039,151 51,377,986 22,661,165 1943 . 71,711,929 71,958,098* 246,169 1944 . 73,235,274 97.779,767* 24,544,493 1945 .. 86,922,873 67,734,502 19,188,471 1946 . 90,673,856 62,646,851 28,027,005 •Excess of imports.