The Washington times., 1928-04-10
TRADE
WITH j. S.
HEAVY

The Orient consumed over 10
per cent Of Americas total exports
of exceeding 100000 in 1877, ac-
cording to an analysis OF these I'M
portant markets prepared by Janet
III. Num-, OF the Far East section
OF the Commerce Department.
While there was decline or
per cent In the trade with the
Orient last year, bringing the tota!
to $744, 1892, 900, 1t may be charged
TO temporary conditions and not to
the development Of any fundamen-
tai adverse trade currents, IN the
opinion of Miss Num-.
Exports to the Far East have
more than trebled In is years. The
purchasing of American goods in,
that territory last year represented
a large gain over the 191O-1914
ayerage--35O per cent--and was IL
per cent in advance Of the 1926
total.
Shows Increase
"While this increase is undoubt.
edly accounted for in considerable
measure by readjustment following
European industrial changes, as
well as by higher postwar prices,
its maintenance is firmly based
upon the development Of the
natural resources and the economic
progress OF the Oriental countries"
Miss Num- said.
Higher standards Of living, COM
bined with greater degree OF pros
perity, are stimulating steady de-
mand in the Far East for both raw
and manufactured materials which
the United States il wen able to
supply"
There has been rapid growth
in purchasing power by countries
in 4 group which were regarded AZ
least important commercially in
earlier years. The combined aver-
age of United States exports to
five countries, Japan, China, India,
the Philippine Islands and Aus.
tralia, represented 80 per cent Of
the Oriental trade from 1910 to 1914.
Since then, however. Mis- Num-
pointed out, the smaller countries,
Netherland East Indies, New Zea-
land, Malaga, Ceylon, Siam and
Indo China, have forged ahead until
in 1927 the five larger countries
took 81 per cent Of the exports.
Form 1910 to 1914 the five coun-
tries supplied so per cent OF the
Oriental import purchased by the
United States and In 1927 but So
per cent.
In 1927 the Netherlands East In
dies brought approximately ten
times more American merchandise
than the average for pre-war.
Fully one-fifth Of the total went
for automobiles, not only to serve
the tourist traffic but also to pro-
vide increased transportation IA
cilities to promote the development
of the country's resources.
Cotton Trade
Raw cotton ranked highest among
the commodities entering into the
trade with India. Refined mineral
oils and automobiles also were i'm
portant in this trade.
The expansion o9 more than 800
per cent In sales to Australia and
New Zealand since, the pre-War
period is attributable mainly to IN
creased demand for automobiles,
machinery and iran and
steel.
Notwithstanding the long con-
tinued trade disruption in China,
the consumption Of American pro-
ducts in the country In 1927 was
240 per cent III excess Of the pre-
war average. Most important In
creases occurred in the case Of leaf
tobacco, cigarettes, petroleum, raw
cotton, machinery and iron and
steel.
Last year raw cotton, petroleum,
automobiles. machinery, iron and
steel, tobacco and lumber accounted
for rs per cent Of the American
Oriental trade.
United States brought approx
mately four times more from Japan.
last year than before the war. Pur-
chased from the Netherland East
Indies and Malaga were eleven
times greater