RECORD EXPORTS

Grey River Argus, 12 February 1941, Page 3

RECORD EXPORTS

FROM NEW ZEALAND. OVER £73 MILLION LAST YEAR. WELLING’”'»'!. E-'b'nary LL Kxporls from New Zealand in the calendar year 19h.i were n.v a comfortable margin (he liighe t ever recorded for ilhe Domhiimi. Ihe total wa s £73,741,600 for (he 12 months ended December, 1910, according to a Press Association message from Wellington, compared with 158,049,000 in the previous 12 months, and £58,376,000 in 1938. The highest tig’ ure previously recorded was £66.713.000 in 1937, so that last, year’s total exceeded the record bv more than £7,000,000.

Imports in the same period totalled £48,998,000 compared with £49,387,000 in the previous year, and £55,422,000 in 1938. The highest total of imports into New Zealand was £61,553,000 in 1920.’

The excess of exports for the year 1940 was also a record a.l £24,743,000 against £8,662,000 m rhe previous year and £2,954,000 in 1938. The previous record for excess of exports was in 1919, when New Zealand enjoyed a favourable tiatlc ba'ance of £23,589,000. The 1940 balanc e was £16,081.000 :.’Czi-t‘ fa. curable | ( , i'-i; count)’)' Ihr'.n that of 1939, and C2L--789,000 b.-tler than that oil 1938.

The lowest total of exports in the .period followm ■ the Great War 1914-18 was in 1932, when the figure was V-24,640,000. Imports poached Iheir lowest total for (ho same period in th e following year, when the figure was £34,950,000. The total of exports for 1940 is therefore almost exactly three times the value of the 1932 total export. The record favourable balanc 0 of trade of £23,598,-

000 stood from 1919 until lasi > It was followed in 1920 by (he i»cord adverse balance of trade ol £15,148,000. • n . The figures for December, 1940, and for the calendar year, 1910 'excluding specie), with other years lor comparison, are: — December Excess of Exports. Imports. Exports '£ £ G 1940 7 180,000 3,403,000 3,778 090 1939 3'138,000. 3,052,000 386,00.) 1938 3’728.000 -1,765,000 1,037,000 ■ •'•Excess of imports. Year. 1940 73,741,000 48.998,000 24,743,000 1939 58,049,000 49,387,000 8,662.009 1938 58,376,000 55,422,000 2,954,000