BALANCE OF TRADE.

Manawatu Times, Volume XLVI, Issue 1941, 8 October 1921, Page 4

BALANCE OF TRADE.

The following table, compiled by the "Trade Review," gives the exports and imports of New Zealand for the past three years, showing what the balance of trade has been for each quarter: —

j ■ j —— j 3 The excess of imports in the first quarter has no particular significance, as the two preceding quarters had substantial excess of exports. During 1919 there was a very satisfactory excess of exports, but in the second quarter of last year the balance swung the wrong way. From April of this year the balance has swung back again, am* July shows a highly satisfactory excess of exports, but August exports do not quite cover the imports. September exports will be light, but equal to, or a little more than, August’s total, while imports are not likely to be less than in August.

Quarter. Exports. Imports. Sept. 1918 . . £3,995,175 £0,737,192 Dec. if • • 0,103,832 5,961,022 Mar. 1919 .. 13,979,880 8,243,037 June }? * * 15,572,418 7,423,909 Sept. f) * * 10,980,619 0,413,952 Dec. yy • • 12,745,875 8,227,609 Mar. 1920 .. 11,408,278 9,780,006 June jy • • 11,400,284 14,385,433 Sept. yy • • 12,350,475 18,978,140 Dec. yy • • 11,240,329 18,410,274 Mar. 1921 .. 13,196,514 lu,6i>8,98a June yy • • 14,008,270 12,518,607 Aug., month .. 2,524,903 2,598,832 July, month .. 4,959,034 1,825,542