OVERSEAS TRADE

New Zealand Herald, Volume LXXV, Issue 23228, 23 December 1938, Page 13

OVERSEAS TRADE

NOVEMBER RETURN EXPORTS UP £277,000 __________ \ IMPORTS LOWER BY £164,000 FALL FOR PRODUCTION SEASON Exports during November were £277,000 greater in value than in the corresponding month last year, according to the preliminary return, of overseas trade for the month, which has been issued by the Customs Department in Wellington. The figure this year is the highest for any November since 19&3. Imports have decreased by £164,000, compared with the level in November last year, but with that exception, are the highest for any similar month since 1933. Following is a comparison of values, of commodities only, measured in Now Zealand currency, for November in the past six years:— Excess of Nov. Exports Imports Exports 1(133 . £2,96!),000 £2,132,000 £837,000 1034 . 2,81G,U00 2,718,000 08,000 11)35 . 3,877,000 3,015,000 832,000 11)30 . 3,821,000 4.083,000 *202,000 1037 . 4,100,000 4,047,000 *838,000 1035 4,380,000 4,783,000 *307,000 •Excess of imports For the 11 months of the calendar year ended November 30, exports at £54,648,000 are substantially lower than the very high value, £62.296,000, recorded to the same date last year. The fall, £7,648,000, still leaves the total over £2,000,000 greater than for the first 11 months of 1936, and even more substantially higher than in any proceding year up to, and including, 1933. Though imports are lower by £895,000 than for the period up to November last year, they remain over £10,000.000 higher than for the same portion of 1936. Following is a summary of the returns for the iirst 11 months of the past six years: —• 1J Excess of months Exports Imports Exports 1033 £36,801,000 £23,370,000 £13,521,000 1934 -14,750,000 28,583,000 10,212,000 1935 42,010,000 33,103,000 0,513.000 11)30 52,131,000 39,842,000 12,589,000 1937 02,290,000 51,552,000 10,744,000 1038 51,048,000 50,657,000 3,991,000 The first five months of the production year, which opens on July 1, shows the same characteristics of lower exports, with imports fallen, hut not to a similar degree. Exports are less in value by £2,855.000, while the imports have fallen by £2.276,000. The excess of imports, at £6.207,000, is the highest for the period during the past five years, and stands in strong contrast to the position in 1933, when there was an excess of exports amounting to £2,793.000.

The figures for the five months, compared with those for tho preceding five years, are: —

July- Excess of Nov. Exports Imports Imports 1933 £13,529,000 £10,736.000 *£2,793,000 1934 13,251.000 14,751,000 1,530,000 1935 15,507,000 16,386.000 879,000 1936 18,199,000 19,980,000 1,781,000 1937 20.196.000 25,824,000 5,628,000 1938 17,311,000 23,548,000 (5,207.000 •Excess of exports.

During November, specie to the value of £11,950 was exported, while imports were valued at £6OO. For the 11 months ended November, the exports were valued at £13,500 and imports at £29.917. These figures are not included in the totals of exports and imports previously stated.