N.Z. OVERSEAS TRADE

Wanganui Chronicle, 20 July 1948, Page 4

N.Z. OVERSEAS TRADE

! FIGURES FOR 12 MONTHS j ENDED LAST MARCH (P.A.) Wellington, July 18. | Statistics of New Zeaianas overj seas trade for the first quarter of t tins year and tiie 12 months endeu : March, 1948, were announced by the Minister of Customs. Mr. Nasn, in a statement on Saturday. The values •oi both imports and exports 101 i Marcii were lower than the preceding { month, the imports amounting to ■' x9,< ('3,U00 and the exports to £13,780,- ! 00U. These values were respectively 1 £1,200,0UU and x0,^25,UU0 less than those for February, tne imports being less as a result of tiie policy lor greater conservation of overseas i unds. It was not to be expected that the February export record of £19,3U0,UOU woula be main rained aurm;-, March, continued the statement. Bott. I imports ana exports lor tne nrst quarter or this year exceeded those ' .or tne corresponding period in 194 i ; jy approximately xiu.Guu.iJbo eacn. i comparing rhe two years ended Marcn, 1941 anu 194 b, exports over the latter period exceeded tiiose m 1947 by £32,689,000 and imports by £56,59b,00U- The favourable balance of exports over imports for the same periods were £25,642,000 in 1947 and xi,736,000 in 1948. • For March. 1948, the favourable oalance amounted to £4,007,000 and lor the first quarter this year it was £y,BOB,UOU despite the substantial excess of imports during the month of j anuary. In the following table values are expressed in New Zealand currency and import values include defence materials and tend-lease supplies:— Excess March Exports Imports Exports 1948 .. 13,780,000 9,773,000 4,00T,00G 1947 .. 14,306,000 10,142,000 4,164,000 1946 .. 7,767,000 5,730,000 2,037,000 Three Months Ended March, 1948: 44,885,000 35,077,U00 9,808,000 1947: 34,165,000 25,411,000 8,754,000 1946: 28,035,000 15,250,000 12,785,000 12 Months Ended March, 1948: 14CU126,000 138,390,000 1,736,000 1047: 107,437,000 81,795,000 25,642,000 1946: 88,966,000 56,988,000 31,978,000