The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-15
.. FAR EASTEM
TRADE INCREASED
OVER PREWAR ERA
Exports Gain in Value,
Despite the General
Depression.
JAPAN LEADS GROtyP
American Exports Represent
$2zo, ooo,o 900 Worth OH
Goods in Past Year.

IL Is most encouraging 20 not.
says the Far Eastern division Of
the Department Of Commerce. that ,
In spite Of the general Depression
Of trade which prevails ail over ths
Far East. and which has resi1te6
In q great decrease in the fmport,
and exports of all countries in 1921.
as compared with 1890. American
exports to the countries Of that
part of the world increased in value
In all cases last year over 1919.
Practically all the Far Eastern
countries instead OF suffering from
the war. benefited greatly. owing
20 the high prices received for their
food products and raw materials,
and they also escaped unsettlerieht
which L. apt 20 result from large
issues of inconvertible paper cur
rency. continues the Far Eastern
division in its special review of
American trade relations with the
countries OF that region. in which
statistics for the first eleven
months OF 1891 are used as a basis
to estimate the years total trade.
Exports 10 ChIna.
Exports TO China from the United
States in 1921. were approximately
f11o poo. 900. as against sl45.7S7.3sI
for 1920. and s25.5o1.357 in 1913. The
high price for silver stimulated
Chinese buying in 1920. and Tie
erection Of numerous factories Gre
ated a demand for our products as
natural accompaniment 70 the
adoption of Western Industrial
methods In 1890 we imported from
China $780,. 7OS.OsI. which in 1891 de-
creased to 500. 600. 900. Our i'm
ports in 1913 were $40, ssS.Oss.
Japan Best Customer.
Our largest trade in the Far East
is with Japan. and in 1891. we ex-
ported TO Japan set, 200. 600 worth
OF goods. a sharp decline from the
1920 figures of s377.s41.s2s. The
1921 exports however. show a great
Improvement over the s62,4ss SIS
in 1919. The attempt Of the Jzpa-
nese government and financial in
terests to bolster up business when
the consequent liquidation began
after the war. has checked com
merce- Our imports from Japan
dropped from s4l4.5Ts.24I in 1880, TO
1890. 0oo. 900 in 1921, due largefy 20
decrease In our raw silk imports.
In 1913. our imports were only ssS.-
S35.s57. Japanese currency being
ON a gold basis, their money value
was not affected by the drop fn the
price of silver. and although the
japanese are having TO meet sharp
competition. intelligent means are
being employed TO maintain indus
try under changed conditions.
Our exports TO British India
dropped in 1921 TO 356.ooO.0s0 from
the high figure Of sss. s27.5iT IN
1920. while in 1913 we only exported
goods valued at sl0.s6s.O51.- osI
The growth Of various industries
in the Philippine Islands caused
our exports there TO reach ss.S2s.-
ss4 in 1899. which dropped TO s4s-
ooo. 900 the. past year. This ng1Ire
so4.727 for 1913. In 1891 we i'm
ported from the Philippines. roals
to the value Of $4,000. 900. in 1890.
s112,s51.4os. and in 1913. SlSys4S.-
ia.
Trade with the straits settle-
ments depends on Tho price sShicn
they obtain for their rubber andlin
exports. High prices in 1920 for
these commodities enabled us TO
sell them goods valued az siS.ess.-
73S. and the recession in the world
purchases Of those commodities An
1921 caused our exports TO DROP 10
$500. 900
Depression in the price of sugar,
which forms the larger part OF the
exports Of the Dutch East Indies.
has affected tho buying power in
those islands and has caused drop
in their purchases from us from
sSs.01S,ls2 in 1890 to S3l.5OO.Ood in
1921. This is a marked advance,
however, from s3.35S.1e4 in isIs.
&c
transhipment to China. Our ex-
ports to Hong Kong in 1920 were
s25.sO7,s51. in 1921 $4,000. 900 which
is a good increase over SI.OsS.6OS
in 1913.
Adverse Australian exchange had
a great deal to do with the de-
crease in our exports TO Australia
from sl1s.77S.17s in 1899 to $50
o00, 900 in 1921