Imports up in value
PA ' Wellington April was not a good month for New Zealand’s external trade.
Preliminary trade figures released by the Department of Statistics yesterday show an excess of exports over imports of $47,400,000 in April. However, the position a year earlier showed an excess of exports over imports of well over double this amount — $101,700,000. The figures reflect the “visible” balance of trade and do not take into account the effect of the “invisibles” ■(freight, insurance, interest) the inclusion of which would result in a very substantial balance of trade deficit.
The figures of the April 1979 month are:— Exports valued at $362,600,000, imports valued at $315,300,000. The corresponding figures for April, 1978, were;— Exports $334,300,000, imports $232,700,000,
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Press, 28 May 1979, Page 18
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121Imports up in value Press, 28 May 1979, Page 18
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