H.—44

The distribution of the trade of the Group in 1932 is shown hereunder :—

The principal exports from the Lower Group are oranges, bananas, tomatoes, and copra ; from the Northern Group copra and pearl shell; and from Niue, copra, bananas, and the well-known Niuean hats and fancy baskets. '•Vi ■■ r.f): ' Trade with the United States. Exports from New Zealand to the United States in 1932 were valued at £940,015 as compared with £920,931 in 1931. Expressed as percentages, these figures represented 2-54 per cent, and 2-62 per cent, of total exports in those years respectively. Imports into New Zealand from the United States during 1932 were valued at £3,267,086 in comparison with £3,885,073 for the previous year, a reduction of £617,987. These figures represented 14-18 and 15-65 per cent, respectively in 1932 and 1931. The proportion of our imports obtained from the United States has shown » substantial decline over the past four years—namely, from 19-10 per cent, in 1929 to 14-18 per cent, in 1932. The position so far as our trade with the United States is concerned during the past five years is briefly summarized in the table below :—

The values of the principal items exported to the United States in 1932 are shown below in comparison with the figures for the three previous years:—

The most [inportani item in our import trade in [932 was motor-spirii and other mineral oils, which item was valued at £1,480,545 in comparison with £1,610,317« in L 931.

10

Exports. Imports. Country. : F Zn C r k FromNi - Total - 'lint Total. ££££££ New Zealand ., .. 59,980 10,820 70,800 48,263 11,568 59,831 United States .. .. 4,669 2,570 7,239 4,403 64 4,467 United Kingdom .. .. 2,145 .. 2,145 5,464 2,424 7,888 France .. .. .. 5,373 .. 5,373 Western Samoa .. .. 1,206 576 1,782 .. 209 209 American Samoa .. .... 4 4 .. 4 4 Tahiti .. .. .. 36 .. 36 757 6 763 Canada .. .. .. .. .. .. .. 58 58 Australia .. .. .. .. .. .. 3,549 360 3,909 Fiji ■■ •• .... 7 7 .. 31 31 Tonga .. .. .... 10 10 .. 32 32 Other countries .. .. .. .. .. 1,149 .. 1,149 73,409 13,987 87,396 63,585 14,756 78,341

Year ended 31st December, Kxptirted t° the Per Cent, of Total Imports from the Per Cerft. of Total United States. Exports. United States. Imports. £ ! £ 1928 4,260,315 7-58 8,204,197 18-28 1929 .. .. .. 3,653,427 6-57 9.319,926 19-10 1930 .. .. .. 2,116,752 4-71 7,573,053 17-60 1931 .. .. .. 920,931 2-62 3,885,073 15-65 1932 .. .. .. 940,015 2-54 3,267,086 14-18

1 " 1929. 1930. I!).! I. 1932. . . J £ £ £ £ Hides, pelts, and skins (calf, cattle, 1,f>49,539 1,055,652 438,862 282,190 rali hit, sheep) Sausage casings and skins .. .. 262,559 331,627 151,592 99,674 Wool .. .. .. .. 656,656 267,720 41,278 32^044 Phormium tenax .. .. .. 138,776 83,255 4,115 1,768 Kauri-gum .. ,. .. .. 129,432 69,496 36,520 14*498 Frozen meat .. .. .. 338,385 16,020 1,26] 316 , " Seeds .. .. .. ... 70,01 r> 66,905 58,202 28,953