EXTERNAL TRADE

Otago Daily Times, Issue 26113, 28 March 1946, Page 8

EXTERNAL TRADE

HIGH EXPORTS VALUE WAR IMPORTS REDUCED The value of exports from New Zealand in 1945 was £81,536,431, an increase of £3,749,485 over the 1944 total. The amount was also £251,794 higher than the previous record reached in 1942, but re-exports amounted to £3,033,485 in 1945, against '£6,143,608 in 1944, and only £739,063 in 1942, so that, while the value of New Zealand produce exported in 1945 exceeded the corresponding figure for 1944 by £6,859,608, it was £2,042,628 less than that of 1942. Of the total value of the country’s exports, £58,385,385 went to the United Kingdom. £7,934,881 to the United States, £3.408,545 to Australia. £2,537,741 to India,. £2,151,981 to Canada and £2.473,084 to Egypt.

Quantities Compared

Variations in the quantities of the Dominion's principal exports were as

in 1945, representing a large reduction on the abnormal totals of 1943 and 1944 when huge quantities of defence materials and equipment were brought into New Zealand. The total of imports in 1943 was £95,242,330. of which defence materials represented £46,784,158, and in 1944, £86,686,531, including £30.020,747 for defence materials. Expenditure on Imports Wheat was the most valuable single commodity imported during 1945, a total of 4,941,329 bushels costing £2 320,445, againast 3,639,456 costing costing £1,002,855 imported in 1944. Other imported items upon which more than a million pounds was spent in 1945, with 1944 corresponding values in parentheses, are:—Sugar £1,982,475 (£1,424,754): tobacco, £1,043,640, £(619,745); silk and artificial silk piece-goods, £2,469,135 (£2,186,450); woollen piece goods, £1,326.117 (£1,302,697); yards, £ 1,014,989 (£ 1,108,814); motor spirits 69 168,049 gallons valued at £1,578,4b4 (67,802,382 gallons costing £1.771,905); crude petroleum, fuel oil, £1,034,964 (£1.643,127); machinery, £1,922,310 (£1 670 580): electrical machinery and equipment, £2,681,678 (£3,851,847); tractors, £1,084,087 (£1,163 145); arms' ammunition, etc., £3,973,359 (£30,020,747).

follows: — 1944. 1945. 2,306,804 2,069,532 Cheese, cwt .. .. 1,554,059 1,748,514 Lamb, cwt .. .. 2,723,783 3,322,480 Mutton, cwt .. . • ■ 1,088,027 1,460,066 Pork, cwt 39,307 82,971 Canned meats, cwt. 82,124 95,930 Dried m}lk, lb 17,485,231 18,590,189 Condensed milk, etc. lb .. • • .... 944,583 15.221,759 Sausage .casings, lb. Sheepskins (without 4,283,891 4,588,775 14,425,420 14,323,785 13,886,065 17,670,078 Tallow, tons .. .. 26,624 30,761 Wool, bales .. ■ ■ 582,272 530,471 Clover seed, cwt. .. 46,152 33,888 Grass seed, cwt 112,266 132,563 Timber, sawn, sup ft 4,250,026 3,599,557 138,048 121,084 Imports were at £55,072,928