OVERSEAS TRADE.
DECLINE IN IMPORTS. LAST YEAR’S FIGURES. The very sharp contraction in imports is the main feature of the overseas trade returns for both December and for the year ended December 31 last, which were released yesterday by the Customs Department. Following on the import restrictions which came into force in December, 1938, there was little falling olf in imports for the first half of last year, but toward the end ol the year the lull loree ol the restrictions was felt, and import valuos cl eel mod very sliarplv. Tor the! twelve months of 1939 the decrease of imports ol £1,037,000 in December, alone the figure was £1,713,000. Exports last month totalled £3,438.000, compared with £3,728,000 in December, 1938, a decrease of £290,000. Imports amounted to £3.052.000, compared with £4,765,000 in December, 1938. a decrease of £1,713,000. ’1 here was an excess of exports last month of £386,000, compared with an excess of imports of £1,037,00 in December, 1938. The trade position for December lor the last throe years is shown in the following comparative table:— Excess
Exports during the year ended December 31 last were valued _ at £58,009.000, compared with £58.376,000 lor 1938, a decrease of £367.000, but coinpared with the total ol £66, 1 13,000 in 1937, there is a decrease of £8,704,000. Imports for 1929 totalled £49,387.000. compared with £55,422,000 in 1938, a decrease of £0.035,000, while compare)! with 1937 there is a decrease of £b,774,000. The excess of exports oyer imports for 1939 amounted to £8.622,000, compared with £2.954.000 in 1938, an increase of £5,668,000. In 1937 the excess of imports totalled £10,552,000. Export and import figures for the last three years are compared in the following table:— Excess
Exports. £N.Z. Import s. £N.Z. Exports. £N.Z. 1939 ... ... 3.438.000 3.052.000 386,000 1938 .... ... 3.728.000 4.765.000 ‘1.037.000 1937 .... ... 4.417,000 4.608.000 *191,000 ‘Excess of imports.
of Exports. Imports. Exports. £N'.Z. £N.Z. £X.Z. 1939 53.009.000 49,387,000 8,622.000 1938 58.376.000 55.422,000 2.954.000 1937 66.713.000 56.161.000 10.552,000 The above figures take no account of specie, movements of which have been as follow:— TinExports. ports. £ £ 825 12 mos. ended Dee. 31, 1939 2.795 25,364
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Manawatu Standard, Volume LX, Issue 53, 31 January 1940, Page 9
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352OVERSEAS TRADE. Manawatu Standard, Volume LX, Issue 53, 31 January 1940, Page 9
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