Sharp Rise in Imports for June

Manawatu Times, Volume 64, Issue 175, 27 July 1939, Page 2

Sharp Rise in Imports for June

OVERSEAS TRADE Export Values Show a £768,000 Decrease

A sharp rise in imports end a decrease in exports are the principal features ol the overseas trade returns for June, issued yesterday by the Customs Department Imports last month were valued at £5,198,000, compared with £3,583,000 for June, 1938, an increase of £1,615,000. Exports were valued at £5,145,000, a decrease of £768,000 compared with those for June of last year. There was an excess of imports during June amounting to £53,000, compared with an excess of exports ol £2,330,000 for June, 1938. The export and import figures for June for the last three years compare as follows:

For the first half of this year exports valued at £36,782,000 are £525,000 below those for the six months of last year and £5,318,000 less than the exports for tho first half of 1937. Imports at £28,187,000 are £1,078,000 in excess of those for the first six months of 1938, and £2,460,000 higher than the imports for the six months of 1937. The exports and imports for the first six months of the last three years are compared in the following table: —

Exports during the 12 months of the production year which ended on June 30, totalled £57,851,000, a decrease of £4,069,000 compared with 1937-38. Imports for the 12 months at £56,500,000, were £1,043,000 less than those for 1937-38, but still stand as the second nighest for the last seven years. Figures for the last seven production years compare as follows:

The excess of exports, £1,351,000, for the last 12 months is more than £3,000,000 below that for 1937-38, and is by far the smallest shown in the seven years covered by the table.

Excess of Month Exports. Imports. exports. of June. £ (N.Z.) £ (N.Z.) £ (N.Z.) 1939 .. 5,145,000 5,198,000 • 53,000 1933 .. 5,913,000 3,583,000 2,330,000 1937 .. 5.494,000 3,961,000 1,535,000 •Excess of imports.

Six mths. Excess of ended Exports. Imports. exports. June. £ (N.Z.) £ (N.Z.) £ (N.Z.) 1939 .. . 36,782,000 28,187,000 8,595,000 1938 . . 37,307,000 27,109,000 10,198,000 1937 .. . 42,100,000 25,727,000 16,373,000

Excess of July to Exports. Imports. exports. June. £(N.Z.) £ (N.Z.) £ (N.Z.) 1932-33 37,470.657 22,190,928 '.5,279,729 1933-34 49,141,914 21,939,459 27,172,455 1934-35 42,953,698 34,301,328 8,652,370 1935-36 53,659,963 39,459,909 14,200,054 1936-37 64,621,474 50,076,468 14,545,006 1937-38 61,920,000 57,543,000 4,377,000 1938-39 57,851,000 56,500,000 1,351,000