RECORD IN EXPORTS.

New Zealand Herald, Volume LXV, Issue 20105, 16 November 1928, Page 12

RECORD IN EXPORTS.

PROSPECT FOR 1928 YEAR.

GAIN IN TEN MONTHS. EXCESS OF £11,730,000. A new record in ilin value of a year s exports from New Zealand is being established in 1928 Tlio highest record to date stands to the credit of 1925, when exports were valued at £55,262.272 This year's total will probably be £57,000,000 During the first ten months of 1925 the exports amounted to £46,149,945, and in November and December to £9,476,231. For the first ten months of this year the total has been £48.445,630, &.:> that with no greater addition than was made in November and December last year, £8,235,000. the final total for 1925 will be exceeded.

According to a return furnished by the Customs Department yesterday the value of exports in October was £2,776,704 an increase ol £433,39? over last year Imports at £3.673.788 showed an increase of only £85,553. The net result of the month's commerce was an apparent excess of imports of £897.084. as comparod with £1,244,928 last year > There is consequently a reduction m the apparent favourable balance for the year, and it now stands at £11,730,347 Following is a summary of the returns for periods of ten months in recent years:— Ten Montlia. Kxporis. Imports. Excess.

It is noteworthy that the exports for ten months are only £50,000 less than the total for the-whole of last year.

As the calendar year comprises portions of two 6easons of production, returns for the period beginning July 1 are interesting. For tho four months of the new production year exports show an increase of £1,062,705, while imports, normally predominant in this period, are higher by £728,013. The excess of imports is consequently lower than in any of tho years for which returns are shown •>—

The improvement in the position may be illustrated by reference.to the proportions of exports to imports. In tho four spring months of 1925 ' exports were equivalent to only 43 per cent, of imports; in 1926 the proportion was 66 per cent.; last year it was 64 per cent.; and this year 70 per cent, of the imparts were balanced by exports.

W23 . . £39,720,215 £35,975,303 £3,741.906 1924 . . 4:1,984.30(5 40,220.427 3,703,879 1925 .. 4ij.14a.9j.> 42.980,17') 3.109,709 192'i . . 39,020.207 41.741.128 •2,720,921 1927 . . 40.259,995 37,272,274 2,987,721 1928 . . 48.445.030 30,715.283 11,730,347 •Excess of imports.

JulyOctober. Exporls. Imports. Excess. 1923 £8,037,83(3 £15,078,842 £6,441,006 1921 10,423,312 17,576,024 7,152,712 1925 7.751,686 17,964,891 10,213,205 192(5 9,547,373 17,024,548 7.477.175 1927 9,667,653 15,071,5705,403,917 1928 10,730,358 15,799.583 5.069.225