NEW ZEALAND TRADE.

Waikato Times, Volume 116, Issue 19313, 20 July 1934, Page 5

NEW ZEALAND TRADE.

THE YEAR’S RETURNS.

A FAVOURABLE BALANCE.

RECORD FOR THE DOMINION.

WELLINGTON, Friday. The returns of overseas trade for the 12 months ended June 30 show that the value of New Zealand expor is more than £11,000.000 Ideate than that for the similar period ended June 30 last year. Imports at 927,900 are some £591,500 highe . Tlie apparent favourable balance ot £26,701,989 is a record figure for me Dominion. The nearest result in any vear was in 1919, when the excess o exports was approximately £23,5uu,Returns for June were issued by the Customs Department yesterday. Tie valuation of exports was £’305,846 less than that for June last year and some £1,330,000 less than for May this year. The imports are also less than In May, the difference being some £550,000 and, roughly, £IBO,OOO less than in June last year. Returns for June in recent years are as follows:

June Exports Imports Excess 1030 £3,741,311 £3,404,054 £ 337,227 1031 2,714,710 C 800,7,0 904,031 1 032 2,605,112 1,866,8/7 ' 738,-35 1033 3,700,830 1,706,008 J,044,738 1 034 3,394,900 1,526,005 1,868,805 Returns for Six Months.

Returns for the first six months of the calendar year show exports valued at £31,986,390. The corresponding figure for last year was £23,658,395. The imports, £1 1,933,770, compared with £10,547,193, the total for the corresponding half of 1933, show a measure of recovery from the coutinued shrinkage which lias persisted since 1930. A summary of the returns for the first six months of the past eight years is as follows: —

Jan- _ June Exports Imports Excess 1027 £30,502,341 £22,200,704 £8,39 1,637 19*28 37,715,272 20,915,700 16,799,5/~ 1029 37,771,54 1 22,’537,443 15.234,098 1930 29,780,601 22,567,543 7,213,148 1031 21,784,076 12,915,305 8,869,6/1 1032 22,178,521 11,165,823 1 1,012,698 1033 23,658,305 10,457,193 13,201,202 1934 31,986,390 1 1,933;?70 .20,052,620 The apparent favourable balance has shot up by nearly £7,000,000 compared with the first half of 1933 and has exceeded the high figures recorded in. 1928 and 1929, when exports were at a very heavy valuation. The Year’s Figures. In the 12 months corresponding with the season of production and export, the value of exports has been £49,629,946, compared with £38,445,654 last year. The figure is also higher by more than £14,000,000 than for 1932. It Is, in fact, greater than for any year since 1929, though the change In currency values must be remembered when comparisons are taken further back than last year. Imports show a slight measure of recovery compared with those for last year, hut with that exception are by far the lowest for a decade. Returns for the past 10 production years, with totals for periods of five years, are as follows: —

Totals — 208,1 55,363 1 50,520,664 57,625,609 ‘Excess of Imports.

As the official figures are expressed in New Zealand currency for exports and in sterling for imports, direct comparisons do not indicate the true position. An adjustment shows the export season which closed on June 30 to have produced a surplus of approximately £17,096,000 in London.

Year to June 30 Exports Imports Excess £ £ t 1025 57,4-10,076 50,808,485 6,55 1,491 1026 46,336,8 17 52,157,702 5,820,855* 1 027 46,305,082 47,373,687 078,605* 1 02S 55,61 0,285 43,407,042 12,121,343 1020 56,244,750 46,508,009 0,736,741 Totals— 262,045,0 40 24 0,435,825 21,610,1 15 1030 47,588,213 48,828,077 1,230,864* 3,571,301 193 1 36,044,077 33,373,670 103 2 35,540,573 23,003,476 12,483,097 1033 38,445,654 22,336,476 I 0,109,178 1 034 49,620,946 22,927,059 20,701,987