TRADE OVERSEAS

Wairarapa Times-Age, 26 July 1939, Page 3

TRADE OVERSEAS

RETURNS FOR JUNE.

SHARP RISE IN IMPORTS

(By Telegraph—Press Association.) "WELLINGTON. This Day.

A sharp rise in imports and a decrease in exports are the principal features of the overseas trade returns for June, issued yesterday by the Customs Department. Imports last month were valued at £5,198,000, compared with £3,583,000 for June, 1938, an increase of £1,615,000. Exports were valued at £5,145,00.0, a decrease of £768,000 compared with those for June of last year. There was an excess of imports during "June amounting to £53,000, compared with an excess of exports of 122,330,000 for June, 1938. For the first half of this year exports valued at £36,782,000 are £525,000 bgr low those "foi- the six months of last year and £s'3lB'ooo less than the exports for the first half of 1937. Imports of £28,187.0.00 are £1,078,000 in excess of those for the first six months of 1938, and £2,4.60,000 higher than the imports for the six months of 1937. Exports during the 12 months of the production year which ended on June 30, totalled £57,851,000, a decrease of £4,069,000 compared with 1937-38. Imports for the 12 months at £56,560.000. wer.e £1,043,000 less' than those for 1937-38. but still stand as the second highest f,6r the last seven years. The excess of exports, £1,351,0.00, for the last 12 months is more than £3.0.00,000 below that for 1937-38, and is far the smallest in the last seven years.