HEAVY IMPORTS DROP
COMMONWEALTH IS WORKING FOR TRADE BALANCE JULY EXPORTS UP SYDNEY, Tuesday. Australia’s overseas trade returns for July show that the imports, valued at £7,290,428, were £5,679,568, or 43.7 per cent., less than a year ago. The exports were valued at £7,247,751, which is an increase of £830,113, or 11.4 per cent., over those, of July, 1929. The reduction in imports, which only slightly exceeded the exports, is attributed to the revised tariff, high exchanges and the generally lessened purchasing power of the community. The chief imports for last July and for July, 1929, are shown in the following table: July, July, 1930 1929 Textiles 1,527,000 £2,457,000 Metals and manufactures 827,000 2,24 7,000 Petrol 327,000 784,000 Machinery 909,000 2,696,000 Apparel 219,000 1,363,000 Yarns and manufactured fabrics . 259,000 454.000 Timber 129,000 359,000 Motor bodies .. .. 1,700 93,000 Motor chassis .. 161,000 598,000 In exports, wool, £2,679,000, shows an increase of £1,151,000, and gold £838,000, compared with £70,000. These were the only notable increases.
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Sun (Auckland), Volume IV, Issue 1073, 10 September 1930, Page 9
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162HEAVY IMPORTS DROP Sun (Auckland), Volume IV, Issue 1073, 10 September 1930, Page 9
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