OVERSEAS TRADE

Wanganui Chronicle, Volume 79, Issue 283, 3 December 1935, Page 11

OVERSEAS TRADE

STEADY INCREASE OF IMPORTS, TEN MONTHS’ FIGURES. The steady and continuous increase of imports is again the main feature in the overseas trade returns for the ten months ended October 31, released by the Customs Department, This lias tended to a major decrease in the fav(Airable balance of trade. The sums of money given below are all in New Zealand currency. Exports during October showed a substantial improvement over those of October, 1934, the figures being £2,846,"00 and £2,037,000, an increase of £789,000. This increase is due to the improved prices ruling fc-r dairy produce this season. Imports are shown at £3,603,000, an increase of £206,000 on those for October, 1934, while compared with October, 1933, there is an increase of no less than £1,358,000. The position of October trade for the last three years is shown in the following comparative table:— Excess of Month of Exports, Imports. exporta. £ £ £ Oct., 1935 .. 2,846,000 3,603,000 757,000* Oct., 1934 .. 2 057,000 3,397,000 1,340,000* Oct., 1933 .. 2,379,000 2,245,000 134,000* ♦Excess of imports. For the ten months ended October 31, exports are valued at £38,739,000, a decline of £3.195,000, compared with those for the corresponding period of lust year, mainly due to lower wool prices, but are £4,817,000 above those of the same period of 1933. The marked improvement in the import trade is shown by a total "f £30,059,000 for the ten months, an advance of £4,276,000 on the value of imports for the corresponding period of last year, and no less than £8,821,(>OO ahead of the total for the ten months of 1933. The growth of imports and the lower export values have reduced the visible balance for the ten months to £8,680,<•00, a decline of £7,371,000, compared with that of 12 months ago. The position is set out in the following comparative tabic: — Excess of Ten months Exports. Imports. exports ended £ £ £ Oct., 1935 .. 38.739,000 30.059,000 8,680,000 Oct., 1934 .. 41,934,000 25,783,000 16,151,000 Oct. 1933 .. 33,922,000 21,238,000 12,684,000 The above figures take no account of inward and outward movements of specif which have been as follow: — Exports. Imports. £ £ Month of October. 1935 .. 2,000 Ten months ended October, 1935 521,000 380,855