OVERSEAS TRADE

Gisborne Herald, Volume LXVI, Issue 19979, 3 July 1939, Page 7

OVERSEAS TRADE

RETURNS FOR MAY IMPORTS £1,154,000 HIGHER EXPORTS RISE £307,000 DOWN POE 11 MONTHS The return's of overseas trade for May show the value of exports, with specie excluded, to have been £G,638,000 'in New Zealand currency, cr £367,000 more than the total in May, 1938. The figure is the highest for any May returns in recent years, and is more than double the value of ■exports in May,, 1933. Imports at £5.338,000 show a marked increase of £1,154,000 on those for the same month last year. This figure also is the highest for any May for as far back as 1933. As a result the favourable commodify balance has been reduced and is the smallest since that year.

Following is a comparison of the returns for May in the past seven years, commodities only, exclusive of specie, all values being expressed in New Zealand currency:—

A comparison- for the five months ended May in the past seven years is a<s follows:—-

Exports for the first 11 months of ■the production year, which opens in July, are valued at £3,300,000 less than those for the same period of last season. The figure is ,£G,422,000 lower than the 11 months’ total an 193 G-37. Imports are £2,658,000 lower than in the same period of the last production season, in contrast with an increase

of £7,844,000 in the 11 months’ period of 1937-38 over the previous similar period. The excess of exports, £1,404,000, is by far the lowest figure for as far back as the 1932-33 season, andi compares with an excess of £2,040,000 at the same period of last season.

Figures for the 11 months, compared with those in the seven previous seasons, are: —

There was no export of specie in May, the imports being valued at £404. For the five months ended May, specie exports have been valued at £2705 and imports at £7610.

Exports Imports Excess Mav £ £ £ 1933 3,120,000 2,073,000 1,047,000 1934 .. 4.710,000 2,343,000 2,367,000 1935 . . 4,320.000 3,024,000 1,302,000 193C .. 5,075,000 3,246,000 1.829,000 1937 .. 5,925,000 4,441,000 1,484,000 1938 .. 0.271,000 4,184.000 2,087,000 1939 .. 0,038.000 5,338.000 1,300,000

Exports £ Imports Excess 1933 ' 19,662,000 & 10,592,000 9,070.000 1934 28,203,000 12,028,000 16,175,000 1935 23,882,000 14.362,000 9,520,000 1936 30,010.000 16.427,000 13,583,000 1937 36,607.000 21,767,000 14,840,000 1938 31,393,000 23,526,000 7,867,000 1939 31,637,000 22,989,000 8,648,000

JulyExports Imports Excess Mny £ £ £ 1932-33 40,591,090 27,364,000 13,227,000 1933-34 45,846,009 24,974,000 20,872,000 1934-35 39,726,900 31,945,000 7,781,000 1935-36 49,438,000 36,025,000 13,413,000 1936-37 59,128,000 46,116.000 13,012,000 1937-38 56,006,000 53,960,000 2,046,000 1938-39 52,706,000 51,302,000 1,404,000