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EXPORT TRADE:
Page 83
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Its Position and Prospects
THE export figures for commercial vehicles, chassis and tractors for the ten months ended October 31, 1934, show that an encouraging increase in trade took place compared with the same period for the previous year. An increase in the number of units exported is shown in each class, the number of ,chassis showing the greatest
increase. In the period mentioned 8,677 commercial . chassis were exported in 1934, compared with 6,655 in 1933.
The total number of units exported in the ten months of 1934 was 10,904; made up of 2,024 complete vehicles, 8,67.7 chassis and 203 tractors, whilst 1,844 complete vehicles, 6,655 chassis and 166 tractors, giving a total of 8,665 units, were exported in the same period of 1933.
It is inter&ting to note that the total number of units exported in the whole of 1933 amounted to 10,876 and that this year this figure has been exceeded with two months still in hand.
The value of our exports has also shown a considerable appreciation, and for the ten months ended October 31, 1934, the total value of commercial vehicles, chassis and tractors exported amounted to £1,873,315, compared with £1,378,670 for the same period a year earlier-an increase in value• of £494,645. Again, the total for the ten months of the present year exceeds that for the whole of 1933. The total figure for the year ended December 31, 1933, was £1,704,762, from which it will be seen that this amount has been exceeded by £168,553 in the first ten months in 1934.
Judging by the fact that exports for the past three years have shown a. tendency to increase in each of the last three months of the year, both the number of units and the value should, for the complete year, be considerably greater than was recorded in 1933.
Graphs accompanying this article show the progress of complete vehicle and chassis exports month by month for the present year and for 1933. A feature of the exports of complete vehicles is the greater number of machines exported during the first three months of this year, compared with the same period a year earlier.
The outstanding feature shown by the graph depicting the chassis exports, is the enormous increase indicated from July to the end of October this year. Whilst, during July, the number of chassis exported amounted to 508, and was the lowest recorded in any month, this figure was increased to 864 for August, 1,350 for September, and 1,401 for October. Similarly, the value appreciated from £f14,646 for July to £207,370 for October.
An accompanying table shows the division of exports for chassis and complete vehicles for the ten months ended October 31, 1934 and 1933, and the most obvious change in the rate of exports is the reduction in the number of complete vehicles exported to the Irish Free State. These dropped from 287 in 1933 tb 96 hi the present year.
The state of uncertainty in that country, coupled with a high import duty, and latterly the imposition of a quota prohibiting, except under licence, the importation of complete vehicles and assembled chassis, has been the cause of this reduction. About 11 makes of commercial vehicle are, however, being assembled by Irish concerns in Dublin, and these include several well-known British makes. The resulting export of engines, frames land chassis parts should, therefore, do much to offset the drop in exports of completed chassis and vehicles.
A reduction is also shown in the number of both complete vehicles and chassis exported to British India, and here, again, political uncertainty may have had some effect on the market. An encouraging advance has, however, been made in exports to Australia, and the number of chassis supplied to that Dominion is almost double the quantity for the same period in 1933. Exports of complete vehicles have also been higher this year.
Other conutries within the Empire have shown an increasing preference for British chassis and vehicles, and the figures show a steady advance in the number of units exported to our various outposts. _ Belgium and other foreign countries hive, it will be seen; imported a number of British vehicles. The number of chassis exported to foreign countries has, however, declined from 2,231 for the ten months ended October 31, 1933, to 2,156 for the same period this year. It should, nevertheless, be noted that,. despite the reduction in quantities, the value has appreciated from £282,988 in 1933 to £310,754 for the same period in the current year.
Reviewing the picture as a whole, it is clear that British manufacturers arca showing an increasing and encouraging tendency to penetrate the world markets, and year by year are gaining a stronger foothold in many countries.