OVERSEAS TRADE

Dominion, Volume 27, Issue 188, 8 May 1934, Page 2

OVERSEAS TRADE

v Increase in Export Values BIG RISE IN WOOL - Shrinkage In Imports In terms of New Zealand currency, and excluding specie, exports for the year ended March 31,1934, amounted to £46,042,570, and imports to £26,130,000, the latter figure representing a recorded value of £21,477,553, reports the Government Statistician. The excess of exports over imports in New Zealand currency was £19,907,000, as compared with £12,451,000 for the previous year. In terms of sterling the excess of exports over imports was £15,926,000 for 193334, as compared with £10,028,000 for 1932-33. 1 The table below shows values of the principal exports for each of the years ended March 31,1933 and 1934: —

Excluding specie, exports in 1933-34 were £8,532,406 greater, than in 1932-33, an increase of 23 per cent. A certain amount of this increase is due to increased exchange, and on a sterling basis the increase is reduced to £4,157,000 (13 per cent.). Three-flfths of the increase of £8,532,406 during 1933-34 occurred in wool, the shipments of which increased by 22,205 bales in quantity and by £5,18G.796 in declared value. Other notable increases were as follow: Butter (385,309 cwt.), £755,325; casein (4600 cwt.), £53,584; beef (251,843 cwt.), £309.178: poi£ (240,110 cwt.), £652,332; sausage casings (670,697 lb.), £198,802; dried milk, (4,779,050 lb.), £117,965; wheat (1,005,541 bushels), £138,769; calfskins (297.647), £130,343; cattle hides (115,516), £188,652; rabbitskins (4,087,409), £164,639; sheepskins (1,898,101), £648,412; opossum skins (183,197) £G4,805; grass and cloves.seeds (50,586 cwt.), £61,777. Gold decreased by 18,694 oz., although the declared value increased by £177,624.

Shipments of cheese increased by 71,827 cwt., but the declared value fell by £342,404, Decreases in both quantity and value were as follow: Mutfou (286,073 cwt.), £68,745; lamb (196.626 cwt.), £1509; apples (20,104,456 lb.). £250,592. The following table shows for the major Items the declared value per unit; for each of the years 1932-33 and 193334, ami percentage increase or decrease for 1933-34:—

Imports of merchandise in 1933-34 were £1,171,253 less than in 1932-33, a decrease >of 5 per cent. The principal decreases occurred in wheat, £243,129; cigarettes, £65,008; tobacco, £157,782; apparel and ready-made clothing n.e.i., £95,748; cotton piece goods, £70,171; silk piece goods. £59,612; motor spirit, £236.590; crude residual oil. £193.707; newsprint, £131,338. ' The principal increases were: Sugar, £52,784; tea, £216,342; timber, £80,007;, motor vehicles £206,804.

Butler 1933, £ (N.Z.). 10,93d,2.18 1934. £ (N.Z.). 11,691.541 Casein 67,SIG 121,400 Cheese 5,025.884 , 4,683,480 Fish 55,065 98,901 Beef, frozen 502,677 811,855 Lamb, frozen ...... 6,585,743 6,584,234 Mutton, frozen .... 1,419,832 1,351,1ST Pork, frozen 300,024 1,018.356 Meats, tinned 95,362 106.041 Sausage casings .... 274.536 473,338 Milk, preserved .... 28,632 38.2'18 Milk, dried 222.543 340,508 Apples, fresh ■ 849,S5S 599,26'5 Peas 09,812 105,<J0i) Oats 1,022 2,601 Wheat 40 * 138.899 Hops 13,793 17,731: Potatoes 5,798 23.494 Live stock 59,065 69.881 Calfskins 9.6,508 226.851 Cattle hides 206.814 395,41)6 Kabbitskins 0(1,344 230,983 Sheepskins, with wool Sheepskins, without 207,315 581.770 wool 411.614 715.311 Opossum skins .... 361 65,171 Wool 6,416,283 11,6.13.17:1 Phormiuin fibre ... Seeds. grass and 45,124 44.388 clover *U.522 159 299 Tallow 437.277 501 ;po Coal 55,976 ' 52.180 Kauri gum 57,970 81.743 Gold 1,188,753 l,3WI.3«rt Silver 36.276 Leather 9.275 9,228 Timber, sawn ..... Other New Zealand 252,266 227,669 produce ■ 612,568 859,134 Total, New Zealand produce Re-exports of mer36,865,005 45,431,551 ehandise . 645,150' Gii.oia Total exports of merchandise ... 37,510,164 46.042,579 Specie exported .. £ 1,299,907 373,032

! Declared > Value per Unit. Inc. or 1982-33. 1933-34. dec. £ (N.Z.). . £ (N.Z.) Per cent. Butter, cwt. .. 4.64 4.27 —. 8 Cheese, cwt. .. 2.66 2.38 ■ ■’ 11 Beef. cwt. .. .. 0.89 1.00 12 Lamb, cwt. .. 2.37 2.55 + •S Mutton, cwt. . 1.14 1.41 + 24 Wool, bale .. 8.13 14.29 + 76