OVERSEAS TRADE
FIGURES FOR JULY
EXPORTS £226,00 LOWER ADVERSE BALANCE £905,000 (Special to the Herald.) WELLINGTON, this day. A decrease of £226,000 in the value of exports during July, compared with the level in the corresponding month last year, is shown by the preliminary figures of overseas trade issued by the Customs Department yesterday. The. valuation for the month, in New Zealand currency, was £3,557.000 compared with £3,783,000 in July last year and £4,824,000 for the same month in 1937. The imports at £4,462,000 were £149,000 lower in value than last year, and £381,000 below the level of July, 1937.
Imports exceeded exports in value for the month by £905,000, compared with £828,000 last year. Though July is normally a month of slack export trade, with seasonal imports beginning to increase, the present is the largest visible adverse commodity balance for any July in the past seven years. Import restriction has not prevented that position from arising. The figures for July in the past years are:—
For the first seven months of the calendar year exports were £751,000 lower than for the corresponding period last year. In the same period imports increased by £929,000. The visible favourable commodity balance has. fallen by £1,680,000 from £9,370,000 to £7,690,000. A comparison of the seven months ended July in the past seven years is as follows:
There were no exports of specie during July. Imports were valued at £165. For the seven months ended July exports were valued at £2795 and imports at £8196.
Exports Imports Excess July £ £ £ 1933 .. 3,377,000 1,695,000 1,682,000 1934 .. 2,851,000 2,867,000 16,000’ 1935 ,. 3,218,000 2,947,000 271,000 1936 .. 4,680,000 3,530,000 1,150,000 1937 .. 4,824,000 4,843,000 19,000’ 1938 .. 3,783,000 4,611,000 828,000* 1939 .. 3,557,000 4,462,000 905,000’ ’Excess of imports
Jan.Exports Imports Excess July £ £ £ 1933 26,739,000 14,329,000 12,410,000 1934 34,349,000 16,623,000 17,726,000 1935 30,327,000 19,665,000 10,662,000 1936 38,911,000 23,440,000 15,471,000 1937 46,925,000 30,571,000 16,354,000 1938 41,090,000 31,720,000 9,370,000 1939 40,339,000 32,649,000 7,690,000
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 7
Word Count
318OVERSEAS TRADE Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 7
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