OVERSEAS TRADE

Dominion, Volume 28, Issue 254, 24 July 1935, Page 10

OVERSEAS TRADE

Marked Increase In Imports

EXPORTS DECREASE

Favourable Balance Lower

The main features of the overseas trade returns of the Dominion, released yesterday by the Customs Department, are a substantial decline in the value of exports and a continued increase in imports, factors which go a long way in reducing fhe favourable balance of “visible” trade. The values stated below are all in New Zealand currency. Exports last mouth were fairly well maintained at £3,227.000, nlticli is only £OB,OOO below the figure for June, 1934, though it is £474.000 less than tliat lor.lune. 1933. Imports last month were valued at £2.350.000, an increase of £028.000, eontpitri'd with those for June. 1934. The position is shown in lite following eompanative table: — Month Exports Imports Excessoi of txports

Exports for the six months ended June 30 were valued at £27,109.000. a failing-off of £4.389,000 compared with the corresponding period of last year, but an advance of £3.747.000 compared wilh the exports for tlie first six mouths of 1933. Ou the oilier hand imports for the six mouths ended June were valued at £1(>.7I8.OOO. an increase of nearly fj.000.000, compared with those for Hie first half of Inst year and over £4.000.000 ahead of tlio.se for Hie corresponding period of 1933. The position of exports ami imports for tlie first six montlis of Hie u'.st three years is shown in tlie following comparative table:— Sixmos. Exports Imports Excess of to June < xpoi-ls 30 £ £ £

The foregoing figures take no .‘tccoun! of specie, inward and outward movements of which have been as fellow: — Exports Imports Moiitli of June. 1935 — 49 0 mos. to June 30, 1935 3G4.400 ISS.S79 "Bioilnetimi Year" Figures. Tlie "production year” is Ustialiy regarded as ending on June 30. since by that: time the bulk of tlie wool, meat, dairy produce ami other seasonal products have been shipped overseas. During tlie twelve montlis ended June, exports were valued at. £42,954,000. a decrease of £G,ISS,OOO. compared with those for tlie year ended June 3°. 1934. This decrease is largely accounted for by tlie lower prices of wool ami tlie greatly reduced exports of tin* staple. Imports for Hie twelve months ended June were valued at £31.302.000. an advance of £7.59’9.000 compared witli those for the preceding twelve months, and of over £9.000.000 on those for the year emled June 30. 1933. The following table gives a comparison of exports anil imports for the last three “production years”:— A’ear Exports Imports Excess *>f

It will be seen tliat I lie excess of exports for Hie last twelve montlis has fallen to £S.GS2.(iO<). compared witli £22.139.0(19 for tlie year emled .lune 30.

JlllU' £ £ £ 1935 .■’>.225.000 2.356.000 STI. 01 >0 3.295.000 1.72S.OOO 1.567.000 io:;:; 3.701.000 2,012.000 1,659,000

1935 27.1O!),(i( >0 16.71 sjMio 10.361.000 14)3-1 31.49S.OOO 13.756.000 17.742.000 1933 23.3G2.imO 12.634.OIKI 1O.72S.OOU

to .Tune exports £ £ 1935 42.951.000 24.392.000 < 352.000 1934 IL’ .000 201.703.000 22.439.000 1!«:: 3T.17II .00(1 25.290.000 12 1SO.OOO