OVERSEAS TRADE

Manawatu Standard, Volume LVII, Issue 153, 31 May 1937, Page 2

OVERSEAS TRADE

INCREASE IN EXPORTS. IMPORTS ALSO HIGHER. WELLINGTON, May 29. Exports from New Zealand during April reached a record level at £8,402.000, while the total value of exports in New Zealand currency for the ten months of the “production” year tp April 30 was over £53,000,000. The total overseas trade of the Dominion for the ten months, exports and imports, was £94,800,000. According to the latest returns issued yesterday by the Customs Department, exports during April were valued at £8,402,000, compared with £6,137,000 for 'April, 1936, an increase of £2,265,000, and more than double tifiose fol’ April, 1935. Imports last month were valued at £4,342,000, an increase of £783,000, as compared with those for April, 1936. The trade figures for April for the last three years compare as follows:

For the four months ended April 30, exports were valued at the high level of £30.682,000. compared with £24,931,000 for the corresponding period of last year, an increase of £5,748,000. Imports continue to increase, the value for,, the latest four months being £17,326,000, compare! with £13,180,000 for the first four months of last year, an increase of £4,146,000. Export and import figures for the first four months of the last three years compare as follows: Four Excess of

Movements of specie, the value of which is not included in the above returns, have been as follows: — Exports. Imports. £ £ Month of April, 1937 ... _ 36,607 4 months ended April, 1937 1..'.. 3,C00 83,472 PRODUCTION YEAR FIGURES.

A better indication of the course of overseas trade is given by the figures for the current production year, which is usually taken as opening on July 1. For the ten months of the current production year ended April 30, exports were valued at the high level of £53,203,000, the best for years, and, even allowing for the depreciation of currency, well in excess of the figure for 1929-30. Imports for the latest ten months totalled £41.600,000, a figure that has been exceeded during the last eight years only by that-for the ten months of 1929-30. - Exports and imports for the latest ten months total £94.803,000. The following table affords a comparison of exports and imports for the ten months of the last eight production years:— Excess of Exports. Imports. exports. £ £ £

Exports. Imports. £ (N.Z.) £ (N.Z.) April, 1937 ... 8,402.000 4 342,000 April, 1936 ... ...... 6.137,000 3,559,000 April, 1935 3,896,000 2,859,000

months. Exports. Imports. exports. ended. £ (N.Z.) £ (N.Z.) £ (N.Z.) Apr'l, 1937 30,682,000 17,326,000 13,356,000 April, 1936 24,934.000 13,180,000 11,754,000 April,' 1935 19,556,000 11,337,000 8,219,000

1936-37 . . 53,203,000 41,600 000 11,603,030 1935-36 . 44,364,678 32,750.544 11.614,134 1934-35 . . 35,400,457 28,863,000 6,537,457 1933-34 . . 41,136,575 20,880.189 20 256,386 1932-33 . 30,650 285 19.629,898 11,020,387 1931-32 . . 29.825,188 19,507,625 10,317,563 1930-31 . . 30,062,610 30.055,253 27,357 1929-30 . . 39.325,137 42,025.036 *2,699,949 •Excess of imports.