OVERSEAS TRADE.

Manawatu Standard, Volume LVII, Issue 182, 3 July 1937, Page 9

OVERSEAS TRADE.

EXPORTS SHOW INCREASE. EXPANSION IN IMPORTS. WELLINGTON, July 3. Exports from New Zealand during May showed the usual seasonal decline, hut at £5,92-5.000 their value was £850,000 ahead of that for May, 1936. The increase was largely due to higher prices ruling for wool and butter. May’s figure was £2,477.000 below the record total of £8,402,000 for April. Imports during May reached the high level of £4,441.000, an increase of £1,195,000 over the value for May, 1930. For the 11 months of the production year exports reached the record level of £59 128.000, while imports were £46,041.000, making a total trade of more than £105,000,000.

Accordin'; to the latest returns issued yesterday by the Customs Department. exports during May were valued in New Zealand currency at £5,925.000 an mcreiso of £250.000 over pilose for May, 10,50, and £1..“D0 000 in excess of those tor Aliy, 1j25. Imports during -May wre valued at £4,441,000. an increase of £1 .195.000 over those for May, 1956, and £1,417.000 higher than those ‘or May, 1935. The figures for May for the last three years compare as follow:

For the five months of this year, ended May 3L, exports were valued at the high level of £.‘16.007,000, an increase of £0,597.000 over those for the corresponding period of 1930, and £12,725,000 in excess of those lor the five months of 1935. Imports continue to increase, those for ihe latest five months being valued at £21,707,000, an increase of £5,340 000 ove- imports for the corresponding period of 1930. and £7,405,000, or nearly 50 per cent., above those for the five months of 1935. The trade position for the first five months of the last three years is shown in the following comparative table: • JCxcess of Kxports Imports, exports £ (N.Z.J £ (N.Z.) £ (N.Z.) Five months

Movements of specie, the value of which is not included in the above returns, have been as follows: depreciation of currency, is well ahead 1 Kxports. imports £ £ Month of May, 1937 Fi ve i months ended May. g , production yeah figures. For the 11 months or the production year—-J uly 1, 1900 to May 31 1907 exports were valued at the high level M £59 128 000. which is £9.089.000 in excess of that for the previous year. The latest figure, which is swelled by the high prices ruling for wool during the last season, is the best showing for years, and, allowing or <lei> ’ -elation ol currency, is "cl la he ad ol rrat for 1929-00 * Export and import figures for the n months of the last eight production years compare as follow Exports. Imports exports. £ £ £

The tables show that imports durthe latest 11 months are the highest for eight years, and are more than double those of the depression periods.

Exports. Imports. of : — £ (N.Z.) £ (N.Z ) May, 1937 .... 5.925.000 4.441,000 May. 1936 .... 5,075.000 3,246.000 May, 1935 .... 4,326,000 3.024,000

ended : — 36.607 OCO 21.767X00 14 840,000 May! 1956 30,010.000 16,427.000 13,533,OCO May, 1955 23,882.000 14.362 COO 9 520,000 „ C

J<V*6-37 1935-36 1CT/L35 1933-34 1932-33 19' 1 -32 19’0 31 1929-30 59.128,000 49,439.678 46 041.000 35.996,544 13 087.000 13.443.134 39 726 686 31.887.472 7.839.214 45,846.924 33,769,821 32.941 461 23.223,265 21.328 i 50 21.196.699 22.623.659 12 441.151 11.744,862 34 230.267 31.563,897 2 666.370 ;;; 43!846 402 ♦Kxc-ess of 45,423 993 imports. *1,577,591