OVERSEAS TRADE

Hawke's Bay Herald-Tribune, Issue 164, 29 July 1937, Page 7

OVERSEAS TRADE

-Prese Association.)

Large Increase Shown In Exports

IMPORTS ON THE RISE

(By Telegrapb-

WELLINGTON, This Day. Exports from New Zealand during June showed the asual seasonal decline, but at £5,493,000 their value was £1,272,000 aliead of that for June, 1936. Imports last month wero valued £3,960,000, a decline of £481,000 on the May figure, but £526,000 in excess of that for June, 1936. For the 12 months of the "production year" ended June 30, exports reached the record value of £64,621,000 while im- . ports were valued £50,001,000, maMng a total trade for the year.of £114,622,--000. The trade position for the first &ix months of the last three years is shown in the following comparative table: —

For the 12 months of the ' 'production year" ended June 30, exports were £10,960,000 above that for the previous year. Much of the inprease is accounted for by the high prices ruling for wool. Allowing for depreciation of currency the ligure is well ahead of that for 1929-30. Export and import figures for the last eight "production years" compare as follows: —

*Excess oi imports. The figures show imports for the last 12 months to be more than doublo those of the depression periods.

Excess of Six months Exports Imports exports ended £(N.Z.) £(N.Z.) £(N.Z.) June, 1937 42,100,000 25,727,000 16,373,000 June, 1936 34,231,000 18,861,000 14,370,000 June, 1935 27,109,000 16,718,000 10,391,000

Excess oi Exports. Imports, exports. £ £, £ 1936-37 ... 64,621,000 50,001,000 14,620,000 1935-36 63,660,678 29,430,544 14,230,134 1934-35 ... 42,953,686 34,243,472 8,710,214 1933-34 ... 49,141,914 21,652;3G0 24,489,554 1932-33 ... 37,470,657 23,017,989 14,452,665 1931,32 ... 35,546.573 23,063,476 12,483,097 1930-31 — 36,944,977 33,373,676 8,571,301 1929-30 _ 47,587,713 48,828,077 *1,240,36*