OVERSEAS TRADE

Gisborne Herald, Volume LXVI, Issue 20129, 26 December 1939, Page 8

OVERSEAS TRADE

NOVEMBER RETURN EXPORTS £1,157,000 LOWER IMPORTS £1,902,000 DOWN Exports during November were valued at £3,229,000 in New Zealand currency, or £1,157,000 less than in the corresponding month last year, as shown by the preliminary return of overseas trade issued by the Customs Department in Wellington. Imports at £2,881,000 were £1,1)02,000 lower than in 1938. The reduction of imports under the influence of control and exchange rationing has more than counterbalanced the fall in exports, leaving an excess of exports amounting to £348,000, compared with £397,000 excess of imports in November last year. Following is a comparison of values, for commodities only, with specie excluded, for November in the past seven years, all expressed in New Zealand currency:— Excess of

"Excess of Imports For the 11 months of the calendar year, ended with November, exports at £54.571,000 were at a very similar level to those during the corresponding part of the previous year. The difference amounts to £77,000. Imports for the same period were £4,322,000 lower than in 1938. As a result the visible favourable balance of trade for the 11 months has risen to £8,236,000, as against £3,991,000. It is thus back to a level comparable with those of 1935. 1936 and 1937. Eleven Months’ Figures Following, is a summary of the returns for the first 11 months of the past seven years:— Excess of

For the first five months of the production year, which opens on July 1. results similar to those of the calendar yc'ar are shown. Exports at £17,789,000 are £448.000 higher, while imports have fallen by £5.400,000. Consequently, there , is an excess of imports for the period of only £359,000, compared with £6.207.000 for the same portion of the last production year. The figures for the five months, compared with those for the preceding 'six.years, are:—

There were no exports of specie during November, but imports were valued at £9165. For the 11 months ended November 30 the exports totalled £2795 in value and the imports £24.539.

Exports Imports Exports Nov., £ £ £ 837.000 1933 . . 2,999,000 2,132,000 1934 . . 2,810,000 2,718,000 98,000 1935 . . 3,877,000 3,045,000 832.000 193G . . 3,821,000 4,083,000 *202,000 1937 . 4,109,000 4,947,000 *838,000 1938 . 4',380,000 4,783,000 *397.000 1939 . . 3,229,000 2.881,000 348,000

11 % Exports Imports Exports Months £ £ £ 1933 .. 36,891,000 23,370,000 13,521,000 1934 .. 44,750,000 28,583.000 16.212.000 1935 .. 42,616,000 33,103,000 9,513,000 1936 .. 52,431,000 39,842,000 12,589,000 1937 .. 62,296,000 51,552,000 10,744,000 1938 .. 54,648,000 50,657,000 3,991,000 1939 .. 54,571,000 46,335.000 8,236,000

Excess of JulyExports Imports Imports Nov., £ £ £ ; 2,793,000 1933 13,529.000 10.73C.000 1934 13,251.000 14.781.000 1,530,000 1935 , . 15.507,000 16.380,000 879.000 1936 . 18.199.000 19.980.000 1.781.000 1937 20.190,000 25.824.000 5,028.000 1938 17.341,000 23,548,000 6.207.000 1939 .. 17.789.000 18.148,000 of Exports 359,000