SHARP INCREASE IN EXPORTS

Wanganui Chronicle, Volume 88, Issue 60, 11 March 1944, Page 3

SHARP INCREASE IN EXPORTS

OVERSEAS TRADE FIGURES A sharp increase in exports and a substantial fall in imports are shown in the overseas trade figures for January, released by the Customs Department. For the first seven months of the production year, which opens on July 1, exports are at the highest level for many years. Exports during January totalled £8,046,000. compared with £3,899,000 in January, 1943, an increase of £4,147,000. Imports lor the month wera £4,743,000, the lowest for many months. As import values include lend-lease supplies it indicates a substantial reduction in these items, which in the past few months have shown a trend in this direction. The result of the rise in exports and fall in imports for January is a substantial favourable trade balance of £3,303,000 for the month, compared wiih an unfavourable balance in January, 1943, of £3,112,000. Export and import values for January during the past six years compare as follows:

•Excess of imports. For the first seven months of the production year, which opens on July 1, exports were valued at £46,242,000, compared with £41,557,000 in the same period of the previous year, an increase of £4,685,000. Imports for the same period totalled £57,097,000, compared with £36,412.000 in the previous season, an increase of £20,685.000, leaving an unfavourable balance of £10.855,000, compared with a favourable balance of £5,145,000 in the preceding period. The figures for the first seven months of the past six production years compare as under:—

•Excess of imports. All values are expressed in terms of New Zealand currency.

Excess of Exports. Imports. Exports. Jan. E(N.Z.) E(N.Z.) £(N.Z.) 1944 8.046,000 2,743,000 3,303,‘JOO 1<J43 3.899,000 7,011,000 *3,112,000 1942 5,267,009 3,498,000 1,769,000 1941 6,771,000 3,084,000 3,687.000 1940 6,320,000 3,983,900 2,337,000 1939 6,211,000 4,723,009 1,498,000

Excels of July- Exports. Imports. Exports. Jan. £(N.Z.) £(N.Z.) £(N.Z.) 1943-44 .. 46,242.000 57,097,000 *10,855,009 1942-23 ... 41,557.090 36,412,000 5,145,000 1941-42 ... 36.099,000 30,608,000 5.482.000 1940-11 ... 35,880,000 27,212.000 8.668.000 1939-40 ... 27,545.900 25,183,000 2,364.000 1938-39 ... 27,280,000 33.036,000 *5,756.000