OVERSEAS TRADE
JANUARY RETURN IMPORTS £740,000 LOWER EXPORTS £IOO,OOO MORE j The return of overscan trade for! January, a .summary of which was issued by the Customs Department inj Wellington this week, shows the value j of commodity exports in New Zealand currency to have been £6.320,000,! or £109,000 more than in the corresponding month last year. The figure, I however, is over £1,000,000 lower than j for January, 1938, and nearly the: same amount below that in 1937. Imports at £3,983,000 are the lowest) in any January since 1936. The fall, j compared with the corresponding! month last year, is £740,000, indicating the influence of import restrictions and exchange control. Following is a comparison ol the, returns for January in the past eight] years:—
For the first' seven months of the production year, which opens in July, exports are £207,000 higher than for the same portion of the preceding season. They are, however, over £4,500,000 below the total for 1937-38. which was the greatest to January for any of the past seven seasons. Imports show marked effects of restriction, there being a fall in their value for the seven months of nearly £8,000,000 compared with the level reached in the same period of 193839 As a result there is an excess of exports of £2,304,000, compared with an excess of imports totalling £0,.)76,000 last year. The figures for the seven months compared with those in the six preceding seasons are: i * r
*Excess of imports. There were neither exports nor imports of specie during .lanunry .
.Ian. Kx ports Imports Kx ports Kxross of 1933 £ .. 4,001,000 £ 2,523.000 £ 1,473,000 1934 .. 5,080,000 2,859,000 2,221,000 1935 .. 5,076,000 3,227,000 1,849.000 1936 . . 6,098,000 3,597,000 2,501,000 1937 . . 7,040,000 4,665,000 2.375,000 1938 .. 7,493.000 5,584,000 1,909,000 1939 ,. 0.211,000 4,723,000 1,498,000 1940 . . 6,320,000 3,983,000 2,337,000
July Jan. Exports Imports Knocks of K spools £ £ £ 1933-34 22,724,000 15.806.000 6,918,000 1934-35 20,920,000 20.810,000 110,000 i1935-36 25,527,000 23.167,000 2.360,000 U93G-37 29,562,000 28,939,000 623,000 1937-38 32,106,000 36.018,000 *3,912,000 1938-39 27,280,000 33,036,000 *5,756,000 1939-40 27,547,000 25,183,000 2,364,000
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20186, 2 March 1940, Page 8
Word Count
332OVERSEAS TRADE Gisborne Herald, Volume LXVII, Issue 20186, 2 March 1940, Page 8
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