Evening star., 1920-06-27
OUR FOREIGN TRADE
FOR FISCAL YEAR

The foreign trade of the Unlteo
states in the fiscal year which enos
with this month will make ne"
high record COWS
In both imports ana eNpoI.1 City
a statement by the National Clty
Rank of New York. the figures or the
fiscal wear 1920 will exceed IN Vaiue
those of any preceding year EApoi -
will apparently exceed elght plil.oi.
dollars. against seven and one-quarter
billions in the fiscal year l9l9' SIX
and one-ouarter billions in 1914 ana
two and one third billions in the year
Immediately preceding the war, il
ports will make the astohlshinsiy
high record of five billion doiiars'
against three billion in 1919. little
over two and one-half billion in 1917
and less than two billion in 1914. the
wear preceding the war. The totai
foreign trade for the year VIII eH.
ceed thirteen billion dollars, agalnst
ten and one-third billions IN I9ls, o,S
slightly less than nine billions in 1913
and 1917 and four and one-quarter
billions in the year prior to the war.
Heavy Export of Raw stun.
Raw manufacturing material showed
by far the largest growth on the I'M
port side and will apparently exceed
So, 600. .O0U,900, against $1,250.oOo.0OO IN
the former high record years 1919
and 1918. and S633. 100000 in the year
preceding the war. Manufactures eX-
ported will show total of about
S3.75o. 900 OO0 only exceeded in 1917,
when war materials were being ex-
ported in enormous quantities, and
S11OO 600. 900 in the pre-war year
1914 Manufactures exported will be
three and one-half times as much
in value as in the year before the
war, and raw manufacturing mate
rial imported three times as much In
value as in the pre-war year.
Less Foods Exported.
Foodstuffs exported will show a
smaller total than last year, but food
stuffs imported will be nearly double
in value those of any earlier year.
gegatRg nm nsar neo s95o 9 oSS ooc
in 1918 and s67S. 900, 900 in 1917. This
enormous increase in the value of food
stuffs imported is due in large degree
to the advance in prices of sugar and
coffee.
Sugar imports alone seem likely to
show a grand total of over $500, ,000,-
900, against 5000 900 in 1919 and
, s237 900. 900 in 1918, while coffee i'm
ported will approximate about $40,
900 900. against $143.000,000 in 1919
and s1O3.O 100000 in 1918. Cocoa also
shows tremendous increase and will
/ aggTtgate for I he-year' a.boft s. 000.-
600. against S36, 600, 900 in 1919, these
increases in the value of sugar. cof-
fee and cocoa imported being due in
large degree 10 DlSHeT prices, luOuS n
the quantities in each case also show
large increases despite the higher
price at which the importations oc-
cur.
This large increase in both imports
and exports occurs in the trade with
all parts of the world. Europe, which
sent us in the fiscal year 1919 only
1913 100000 worth of merchandise, is
sending us this year considerably over
a billion dollars worth. or practically
three times as much as in 1919, de-
spite the assertions made last year
that Europe would have little which
she could spare to the United States.
She is taking from us this year nearly
s., 900 ,00o.00 worth of merchandise
against S4,635, 900, 900 worth in 1919.
and s4.325. 100000 worth in the high
record year of the war, 1917, this in
crease in her purchases from US oc-
curing chiefly in manufacturing ma
terial. since the foodstuffs exported,
going chiefly to Europe, show, as
above indicated, slight decline, and
raw material, mostly cotton, also going
chiefly to Europe shows very large
| increase.