BRITISH EXPORT TRADE.

New Zealand Herald, Volume LIX, Issue 18040, 15 March 1922, Page 7

BRITISH EXPORT TRADE.

RECOVERY CONTINUES.

IMPROVEMENT IN FEBRUARY.

IMPORTS STILL LOW.

By Taltaranh—Press Association—Copyright A. and N.Z. LONDON. March 13.

Imports for February showed a decrease in value of £27,635,579, and exports of £9,666,621, as compared with February of last year. Re-exports increased by £2,169,857.

The principal decreases in imports were: Meat, £6,380,163; grain and flour, £3,282,869; other nondutiable food and drink, £8,253,836; iron and steel, £2,269,995.

The chief decreases in exports wero: Cotton, yarns, and manufactured goods, £6,690,333; iron and steel, £2,557,206; woollen, worsted, and yarns, £1,867,603.

Tho principal increases were £2,537,131 in imports of dutiable food and drink, and £5,576,717 in exports of vehicles, including locomotives, ships, and aircraft. The following is a summary of the returns of the overseas trade of the United Kingdom for the past 11 months, showing the total shrinkage in round figures and the percentage of shrinkage compared with tho returns of the corresponding months of 1920-21:— IMPORTS.

The above figures show that the steady improvement in the export trade that started after the settlement of the disastrous coal strike last August was considerably accelerated in February.

Shrinkage. Percentage. Aoril .. .. £77,000,GOO 4G May .. .. 80.000,000 48 June .. .. 82,000.000 48 July .. .. 82,000,000 50 Aufiust . ■ .. 65,000,000 42 September . . 05,000,000 42 Oiliber ■. . 65,000,COO « November ., 55,000,000 38 December ■ 57,000.000 40 January . . 40,000,000 34 February .. 28,000,000 28 EXPORTS AND feE-EXPORTS. Shriuk&go. Percentage. April .. .. £56.000.000 46 May . . • • sa,000,000 6-t June .. .. 91,000,000 66 Jujr . . .. 1C2,OCO,OCO 65 August . • .. 67,000,000 52 September .. 67,000,000 51 October .. .. 5G.000.000 41 November .. 60,000,000 15 December . . 41,000.000 33 Jnnuary . . 31.000,000 30 February . 8.000,000 10