EXTERNAL TRADE

Wairarapa Times-Age, 4 November 1938, Page 4

EXTERNAL TRADE

FALLING=OFF IN EXPORT VALUES REDUCTIONS SHOWN ALSO IN IMPORTS. FAVOURABLE BALANCE DOWN. (By Telegraph—Pi ess Association.) WELLINGTON. This Day. .A heavy decline in export values and a slight reduction in imports are the main features of the Dominion's overseas trade returns for September, issued yesterday by the Customs Department, Exports during September, one of the dullest months of the "off-seison,” were valued at £3,184,000, as compared with £3,902,000 for September, 1937, a reduction of £718,000. The latest figure is £796,000 below that for September, 1936. Imports for the latest month were valued at £4,821,000, as compared with £5,403.000 for September, 1937, a decrease of £582,000, but £374,000 ahead of the total for September, 1936. In spite of the decline in imports during September, the heavy fall in exports gave an excess of imports for the month of £1,637,000, as against £1,501,000 for Septejn’ber of last, year and £467,000 for September, 1936. The following table gives a comparison of exports and imports for September for the last three years: — ' Excess o£ Exports. Imports. imports. Month of £(N.Z.) £(N.Z.) £(N.Z.) September, 1938 .... 3,184,000 4,821,000 1,637.000 1937 .... 3,902,000 5,403,000 1,501,000 1936 .... 3,980,000 4,447,000 467,000

Exports for the nine months of the calendar year ended September 30 were valued at £48,097,000, as against £55,284,000 for the corresponding period of last year, a decrease of £7,187,000.

Imports for the nine months were valued at £41,604,000, as compared with £41,982,000 for the corresponding period of last year, a decrease of £378,000, but they were £9,719,000 in excess of those for the nine months of 1936.

The excess' of exports for the nine months was only £6,493,000, as against £13,302,000 for the corresponding period of 1937, and £14,157,000 for 1936.