OVERSEAS TRADE

Manawatu Standard, Volume LVII, Issue 204, 29 July 1937, Page 11

OVERSEAS TRADE

COMPARATIVE FIGURES. INCREASES ON LAST YEAR. WELLINGTON, July 28. Exports from New Zealand during June- showed the usual seasonal decline, but nt £5,493,000 .their value was £1,212,000 ahead of that for June 1.036. Imports last month were valued at £3,060,000, a decline of £481,000 on tho May figure, but £526.000 in excess of that for June, ID3U. For the twelve months of tho “production year” ended Juno 30, exports readied the record value of £64,621,000, while imports were valued nt £50,001,000, making a total trade for the year of £114,022,000. ’file returns issued to-day by the Customs Department show that exports during June were valued at £5,403,000, an increase of £1,272,000 over those for June, 1036, and £2,266,000 in excess of those for June, 1935. Imports during dune were valued at £3,060,000 an increase of £526,000 over those for June, 1936, and £1,604,000 above tlios® for June, 1935. The June figures for the last three years compare as follow; —

For the first half of this year ended June 30, exports reached the high level of £42,100,000, an increase of £7.869,000 over those for the corresponding six months of last year, and £14,991,000 in excess of those for the six months of 1935. Imports are still mounting up, those for the latest six months being valued at £25,727,000, an increase of £5,866,000 over those for the 1936 period, and more than tlioso for the first half of 1935, The trade position for the first six months of the Inst three years is shown in the following comparative tabic:— Excess of Six months. Exports. Imports. exports ended. £ (N.Z.) £ (N.Z.) £ (N.Z.) Jmto, 1937 42,100,090 25,727,000 16,373,000 •lime. 1936 34,231,000 10,861,000 14.370,000 Juno, 1935 27,109,000 16,718,000 10.391,000 Movements of specie, the value oi which is not included in. the above returns, have been ns follow: Exports Imports £ £ Month of June, 1937 Six months ended June, 1937 3,000 06,381 PRODUCTION YEAR FIGURES. For the 12 months of tho “production vear” ended Juno 30. exports readied the now high level of £64,621,1100, which is £10,960,000 above that for the previous year. Much of the increase is accounted for bv the high prices ruling for wool. Allowing for depreciation of currency the figure is well ahead of that for 1929-30. Export and import figures for the last eight “production years” compare as follows: Excess of

*Exccss of imports. The figures show imports for the last twelve months to be more than double those of the depression periods.

Exports. Imports. £ (N.Z.) £ (N.Z.) 1937 5,493,000 . 3.960,000 1936 4,221,000 3.434,000 June, 1935 5,227,000 2,356,000

Exports. Imports. exports. £ £ £ 1936-37 ... 64.621,000 50,001,000 14,620,000 1935-36 ... 53,660,670 39,430,544 14,230,134 1934-35 ... 42,953,686 34,243.472 8,710,214 1935-34 ... 49,141.914 24,652,360 24,489,554 1932-33 ... 37,470,657 23,017.989 14,452,668 1931-32 ... 35,546,573 23,063,476 12,483,097 1930-31 ... 36.944,977 33,373,676 3,571,301 1929-30 ... 47,587,713 48,828,077 *1,240,364