Rise In British Exports
(N.Z. Press Association—Copyright) (Rec. 8 p.m.) LONDON, March 20. The commodity pattern of British imports in February was much closer to normal than in any month since last October —the beginning of the Suez crisis. In an announcement by the Board of Trade today, imports for last month were given as £320,800,000 —£56 million below the January level —while exports rose to £278,200,000 —more than £l7 million than in January.
Last month oil imports increased, being heavier from the Middle East, especially Kuwait, in addition to the extra supplies from the Western Hemisphere. The Board of Trade said that the upward trend of exports had been maintained although the advance was rather less than the underlying rate of growth of 10 per cent., a year which prevailed through most of 1956. Total exports to the sterling area rose to £l3l million in February, about £l3 million more than in either of the two previous months.
The balance of visible trade with the sterling area changed from a deficit of £37 million in January to a surplus of £l2 million in February.
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Bibliographic details
Press, Volume XCV, Issue 28233, 22 March 1957, Page 7
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185Rise In British Exports Press, Volume XCV, Issue 28233, 22 March 1957, Page 7
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