OVERSEAS TRADE

Dominion, Volume 28, Issue 210, 3 June 1935, Page 8

OVERSEAS TRADE

Imports Still Increasing DECREASE IN EXPORTS Favourable Balance Lower A considerable decline in the value of exporta and. a further increase in imports are features of the overseas trade returns issued on Saturday by the Customs Department. Exports during April decreased by over f 1,500,000 and for the> four months ended April by nearly £4,000,000, compared with the corresponding periods of 1934. The exports and imports for April for the last three years, expressed in terms of New Zealand currency, eom-

Exports last month decreased by £1,512,000, compared with those for April, 1934, and were only £402,000 ahead of those for April, 1933. On the other hand, imports last month were valued at £425,000 more than those for April, 1934, and £1,033,000 above those for April, 1933. The excess of exports over imports last month was £1,057,000 compared with £2,994.000 for April. 1934, and £1,691.000 for April, 1933. Exports and imports, expressed in New Zealand currency, for .the four months ended April 30, for the last three years compare as follow :—

Exports for the first four months of this year are less by £3,937,000, than those for the corresponding period of 1934, but are £3,000,000 above those for the first four months of 1933. Imports at £11,337,000 have increased by £1,652,000 on those for the first four months of 1934 and are £2.818,000 above those for the corresponding period of 1933. The surplus of exports over imports for the first four months of this year is £8,219,000, compared with £13,808.000 for the corresponding period of 1934 and £8,023,000 for 1933. The above figures take no account of movements of specie, which have been as follow: —

pare as follow: — Imports. Exports. Month of £N.Z. £N.Z. April, 1935 .. 3,896,000 2,839,000 April, 1934 .. 5,408,000 2,414 000 April, 1|933 .. 3,494,000 1,803,000

Exports. Imports. 4 months ended £ N.Z. £ N.Z. April, 1935 .. 19,556,000 11,337,000 April, 1934 .. 23,493,000 9,685,000 April, 1933 .. 16,542,000 8,519,000

Value of Specie. Exports. Imports. £ £ Month of April, 1935 — 4 months ended April. 10.000 1935 154,-100 188,230