OVERSEAS TRADE
EXPANSION OF IMPORTS
RISE MAINTAINED
11 MONTHS’ FIGURES
~„ • * the returns of overseas trade for November issued by the Customs Department show that the. marked upward trend of imports during the last few months is being maintained. In New Zealand currency imports last month were valued at £2,707,C00, an increase of £575,000, compared w ith thoSe for November, 1933. Exports were valued at £2,815,854, a decrease ,of £153,000 compared with those for November,’l933. The increase is largely accounted for by reduced shipments of wool and lower va’;«; for that commodity and dairy produce. •••_;' • \ V’ .•' ‘ In• the' official statistics,:' experts - of merchamjise are .expressed .in terms of New Zealand currencyi imports ‘from Australia are recorded in terms of Australian currency and imports from other countries in sterling. The excess of exports over imports last month was only. £109,000, compared with £837,000 for November, 1933, and £416,C00 for November, 1932. ELEVEN MONTHS’ FIGURES The recorded value of imports for the ll months ended ’ November 30 was £23,462,979, an increase of £4,258,915 compared with that for the corresponding period of 1933. In New Zealand currfency imports for the 11 months were valued at £28,490,000, an increase of £5,120,000.
Reports for the 11 months at £44,749,833 show an increase of £7,859,316, this being largely accounted for by the ’higher values, of wool last season. The trade figures for the 11 months’ period for the last three years compare as follow: \
. ■ Exports Imports—ll mos. - ijiN;Z.' Recorded *. •-N.Z. ended currency value , currency Nov., £■ £ £ 1934 44,749,833 23,462,979 28,490,000 1933 36,890,517- 19,204,064 23,370,000 1932 32,393,586 20,950,067 22,464,000 In New Zealand currency, the excess of exports over imports for the last 11 months was £16,260,000, compared with £13,521,000 for the corresponding period of 1933, and £9.930,000 for the 11 months of 1932. The above figures, take no account of inward or outward movements of specie, which were as follow: Value of Exports Imports species excluded : £ £ Month of Nov., 1934 737,200 11 months ended Novi, 1934 ... 1,607,100 1,142,000
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18588, 24 December 1934, Page 5
Word Count
329OVERSEAS TRADE Poverty Bay Herald, Volume LXI, Issue 18588, 24 December 1934, Page 5
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