The Department of Commerce revealed today that Philippine imports for the sixth consecutive month have exceeded exports bringing the accumulated balance of trade against the islands for the first four months of the year to U.S.$77,588,000 compared to an excess of imports at the end of april in 1937 of U.S.$16,087,000.
In the four month period exports totalled U.S$47.220,000 and imports U.S. $54,969,000 compared to exports of U.S. $53,364,000 ena imports of U.S.$36,676,000 in the same period last year April exp mounting—to U.S$10369,000 represented a drop of 34 per cent. from March while imports of U.S$13,412,000 had fallen oe 28 per cent. from the previous month.
Compared with April trade figures of 1937, exports were 28 per cent. down and imports 24 per vent greater.
Principle gains in April imports Were noted in automobiles, trucks, machinery, minerals, oils, iron, stea! tobacco products and explosives while kaaviest export losses were registered in abaca cordage, desiccated coconut and sugar—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.