FAVOURABLE BALANCE
Canada’s Oversea Trade BIG EXCESS OF EXPORTS Ottawa, September 21. During the twelve months ended August, Canada’s excess of exports over imports was valued at 38,684,390 dollars, whereas for the year ended August, 1931, the excess of imports over exports was 45,132,042 dollars, and for the year ended August, 1930, the excess of imports was 103,506,231 dollars, says a report issued by the Dominion Bureau of Statistics. It Is trade with the United Kingdom which is responsible for the favourable balance during the year ended August last. The excess of exports to Britain over Imports was valued at 75,335,916 dollars, compared with 64,461,488 dollars. Imports from the United States exceeded exports to that country in the last twelve months by 8,622,709 dollars, compared with 170,471,489 dollars in the previous year. The crop year commences with Canada occupying a favourable export position, undoubtedly the best position held by the Dominion since 1923, says the Dominion Bureau of Statistics. The Canadian position at present Is largely due to two main factors, namely, lack of foreign competition and price levels on a sound export basis.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19320923.2.86
Bibliographic details
Dominion, Volume 25, Issue 308, 23 September 1932, Page 11
Word Count
184FAVOURABLE BALANCE Dominion, Volume 25, Issue 308, 23 September 1932, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in