OVERSEAS TRADE

Dominion, Volume 30, Issue 259, 29 July 1937, Page 10

OVERSEAS TRADE

Exports Show Large Increase GREAT PRODUCTION YEAR Imports Continue to Rise Exports from New Zealand during June showed the usual seasonal decline, but at £5,493,000, their value was £1,272,000 ahead of that for June, 1936. Imports last month were valued at £3,960,000, a decline of £481,000 on the Maj' figure, but £526,000 in excess of that for June, 1936. For the twelve montlis of the “production year”' ended June 30, exports readied the record value of £64,621,000. while imports were valued at £50,001,000, making a total trade for the year of £114,622,000. The returns issued yesterday by the Customs Department show that exports during June were valued at £5,493,000, an increase of £1,272,000 over those for June, 1936, and £2,266,000 in excess of those for June, 1935. Imports during June were valued at £3,960,000, an increase of £526,000 over those for June, 1936, and £1,604,000 above those for June, 1935. The June figures for the last three years compare as follows:—

For the first half of this year ended June 30, exports reached the high level of £42,100,000, an increase of £7,869,000 over those for the corresponding six months of last year, and £14,991,000 in excess of those for the six months Of 1935. Imports are still mounting up, those for the latest six months being valued at £25,727,000. an increase of £5,866,000 over those for the 1936 period, and more than £9,000,000 above those for the first half of 1935. The trade position for the first six montlis of the last three years is shown in the following comparative table: —

Movements of specie, the value of which is not included in the above returns, have been as follows: —

Production Year Figures. For the 12 months of the “production year” ended June 30, exports reached the new high level of £64,621,000, which is £10,960,000 above that for the previous year. Much of the increase is accounted for by the high prices ruling for wool. Allowing for depreciation of currency the figure is well ahead of that for 1929-30. Export and import figures for the last eight “production years” compare

The figures show imports for the last 12 months to be more than double those of the depression periods.

Exports. Imports. Month o£: £ (N.Z.) £ (N.Z.) June, 1937 .. . 5,493,000 3,960,000 June, 1936 .. . 4,221,000 3,434,000 June. 1935 .. . 5,2271000 2,356,000

Excess of Six months Exports. Imports. exports. ended £ (N.Z.) £ (N.Z.) £ (N.Z.) June, 1937 42,100,000 23,727,000 10,373,000 June, 1930 34,231,000 19,801,000 14,370,000 June, 1035 27,100,000 10,7'18,000 10,391,000

Exports Imports £ £ Month of June, 1937 .. — -— Six months ended June, 1937 3,000 96,381

as follows — Excess of Exports. Imports. exports. £ £ £ 1936-37 .. 04,621,000 50,001,000 143120,000 1935-30 .. 53,600,678 39,430,544 14,230,134 1934-35 .. 42,953,686 34,243.472 8,710,214 1933-34 .. 49,141,914 24,652.360 24.489,554 1932-33 .. 37,470,657 23,017,989 14,452,668 1931-32 .. 35,546,573 23,063.476 12,483,097 1930-31 .. 36,944,977 33,373,676 3,571,301 1929-30 .. 47,587,713 48,828,077 ♦1,240,304 •Excess of Imports.