TRADE OF BRITAIN

Poverty Bay Herald, Volume LXIV, Issue 19374, 12 July 1937, Page 11

TRADE OF BRITAIN

REMARKABLE EXPANSION WOOL IMPORTS INCREASE MANUFACTURED EXPORTS The trade revival in Great Britain this year is remarkable both for its magnitude and consistency. For the first five months exports totalled £240,268,702, against £203,244,256 for the same period last year, while imports rose from £335,450,958 to £394,631,480. Imports in 'May were £14,000,000 in excess of those for May, 19? G, and exports increased by £8,000,000. The largest increase in imports in May was in raw materials, which were £5,660,000 more than last year. Evidence of the improvement in the textile industries is seen in the fact that raw cotton imports were up by £1,070,891 and wool imports by £1,061,939, respectively 25 per cent and 17 per cent better than last May. Imports of manufactured articles rose by £5,658.000, the main increase here being non-ferrous metals and manufactures, which were up by £2,673,733 on the previous May, or more than double. Food, drink and tobacco imports increased by £2,629,827. On the other hand, consumption of foreign fruit and vegetables declined by £1,235,838. The greater part of the export increase for May is accounted for by a rise of £5,075,628 in the value of manufactured goods, while a further £1,758.140 increase was shown by reexports. The greatest improvement was in the textile industry. Colton yarns and manufactures were £1,051,737 more than last May, an increase of 20 per cent. Woollen manufactures, including reexports, increased by £367,003, while re-exports of waste wool and rags advanced by £833,634. Other textile manufactures rose by £301,810. Iron and steel manufactures exported were up £895,500, or 25 per cent, and goods manufactured from non-ferrous metals increased by £737,011, of which £610,238 were re-exports.