EXPORT TRADE OF AMERICA

Timaru Herald, Volume CXXXVII, Issue 19772, 13 April 1934, Page 9

EXPORT TRADE OF AMERICA

BIG BUSINESS IN BRITAIN SOME ILLUMINATING FIGURES United Press Association— By Electrlo Telegraph—Copyright (Received April 12, 7.25 p.m.) WASHINGTON, April 11. The Department of Commerce announced that, although increasing in dollar value by 4 per cent, over the previous year, American exports for 1933 fell below those of Britain for the first time since 1914. Exports totalled 1,675,000,000 dollars, but the increase was due entirely to price advances in the United States, since the actual volume of shipments remained unchanged from 1932. The 1933 exports on a gold basis were 19 per cent less than in 1932. The imports for 1933 increased by 10 per cent, over 1932, totalling, 1,449,000,000 dollars, but were 15 per cent, below the 1932 level. On a gold basis, only 6 per cent, of production com- • prised exported goods in 1933, compared with 10 per cent, in 1929. Exports in 1933 to Australia totalled 26,283,000 dolars, representing a 2 per cent, decrease, and to New Zealand 8,229,000 dollars representing a 11.1 per cent, decrease. Imports from Australia totalled 7,680,000 dollars or a 65.4 per cent, increase, and from New Zealand 4,793,000 or 122.1 per cent increase.