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tALANCE
or
PAYMtNTS' -- Project Team Docs. 2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Collection: Paul A. Volcker Papers
Call Number: MC279
Box 23
Preferred Citation: Balance of Payments- Project Team Documents 2, 1971; Paul A. Volcker
Papers, Box 23; Public Policy Papers, Department of Rare Books and Special Collections, Princeton
University Library
Find it online: http://findingaids.princeton.edu/collections/MC279/c398 and
https://fraser.sdouisfed.org/archival/5297
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Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(7"
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Federal Reserve Bank of St. Louis
7I
,
•
t
_
30,
".•:
2C
ly-r.jr:Llt. 2
j_97
•
I
,
UN if )'.D
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ovr,p,NNI 1;ç-J'
1."/0 /
7"
7.
"
Undcr Secrelary Volci:cr
(Through A!;sistant Se&reLary.Petty)
TO
August 2!A,
Wilson E. Schmidt 0
MOM
yJ
SUDJECT:
:Trade Research Project:
Geographical Commodity Tables
Attached are tables showing the geographical
distriblitj
by value and percentage share of U.S. exp
orts and imports by
commodity in 1965 and 1970. These tabl
es were prepared by
David Klock. If you have any questi
oas, please call him on
Extension 5688.
Attachment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•.
*Date:
August 24, 1971
MEMORANDUM FOR:
Thru:
SECRETARY CONNALLY
Assistant Secretary Petty
From:
Deputy Assistant Secretary Schmidt
Subject:
Trade Research Project:
Geographical Commodity Tables
Attached are tables showing the geographical distribution, by value and percentage share, of U.S. exports and
imports by commodity in 1965 and 1970. These supercede the
1968 tables you were sent on August 19.
_
.
Surname
Initiator
Reviewer
Klock
Ammerman
Initials
Digitized
FRASER
FormforOS-3129
https://fraser.stlouisfed.org
Department of TinsuryFederal Reserve Bank of St. Louis
Reviewer
Widman
Reviewer
Reviewer
.
_
Ex. Sec.
_
Tromp' -- CIAA
B/P Frgjects
FR-5
8/:1/71
U.S. IMPORTS BY OBE END-USE CATEGORY AND GEOGRAPHICAL AREA, 1970
($ million and 7.)
Subtotal:
Continental
Europe
End Use
Cols No.
0000
0001
0002
0100
0101
0102
0103
61414
0105
0106
0107
1000
1001
1002
1010
1011
1012
1100
1101
1119
1111
1200
1201
1202
1203
1204
1210
1211
1212
1213
1214
1220
1221
1222
1223
1224
1225
1226
1227
1228
1230
1231
1232
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Commodity_Desoription
Total
Value
1,159
Green coffee
201
Cocoa beans
729
Cane sugar
111
Cattle
1,037
Meat products & poultry
791
Fish 1. shell fish
247
Vegetables & preparations
472
Fruits, nuts. & preparations
725
Whiskey & alcoholic boy.
153
Feedstuffs
532
Other food & beverages
1,281
Petroleum-crude
1.275
Petroleum-scmi finished
210
Petroleum-finished
4
Coal & related fuels
257
Gas-natural
.
36
Natural gas liquids & mfg gas
483
Wood pulp
28
Pulpwood 6 others
930
Newsprint
Paper & other paper products
138
10
Cetton-uomfg.
91
Wool-unmfg.
34
Wool-semi mfg.
228
Man;,.ade filaments, yarns
Textiie fibers
65
Cotton cloth & fabrics
204
82
Wool cloth & fabrics
26
Silk cloth & fabrics
Burlap, jute, & twine mfg.
186
Textile materials. finished
282
Hides & skins, exc. furs
51
Leather
92
67
Fur skins
Copra and coconut oil
114
Tobacco--unmfg.
111
. Industrial chem.-unfinish
524
210
Fertilizers-crude
Farming materials, n.e.s
incl. seeds
56
Materials-nondurable,dyes, etc.
170
Industrial Chcm.,exc. Med.
76
26
Fertilizers-Manuf.
Materials for nondurable goods
Output, incl, ess. oils
161
Value
X Share
*
*
1
a
243
117
40
57
211
10
204
*
119
9
1
0
*
9
1
19
38
*
4
9
156
13
58
15
16
14
88
6
36
32
0
59
284
13
*
*
• ..
*
23.4
.14.8
16.2
12.1
29.1
6.5
38.3
*
9.3
4.3
25.0
0
*
1.9
3.6
4.2
27.5
*
4.4
26.5
68.4
20.0,
.28.4
13.3
61.5
7.5
31.2
11.8
39.1
47.8
0
53.2
54.2
6.2
11
60
24
1
77
Value- Z Share
Value
I Share
*
1.0
1.0
9.8
6.5
17.9
*
.9
9.9
78.1
3!)
5
47
45
7
*
133
*
2
*
0
0
106
, a
0
14
4:7
7.7
23.0
54.9
26.9
*
47.1
*
2.2
*
0
0
20.2
*
29
21
24
25
51.8
12.4
31.6
96.2
*
4
20
*
*
2.4
26.3
*
19
11.8
26
16.1
1
*
0
*
*
*
0
5
0
3
11
21
3
4
15
2
*
20
*
15
2
0
*
54
*
19.6
35.3
31.5
3.8
2
3
7
*
3.6
1.8
9.2
a
47.8
10
6.2
8
Value
0
0
2
*
0
*
0
*
0
15
0
*
.9
•
•
44.4
.7
5.8
0
.6
.5
*
0
*
*
*
0
3.6
. 0
3.3
32.4
9.2
4.6
2.0
18.3
7.7
*
7.0
*
16.3
3.0
0
*
10.3
*
0
*
*
*
•
ZSharo
0
0
0
*
*
16.3
3.6
3.2
•
3.9
1.5
0
0
1.0
*
0
*
0
*
0
10.8
0
*
0
0
0
31
81
193
15
15
180
56
74
646
49
7
3
248
33
465
21
891
70
0
*
1
7
1
11
*
*
2
3
5
6
12
*
1
52
164
0
*
*
*
3
7
1
1
322
• 1
31
0
Major Indust.
Countrios
Canada
U.K.
0
0
0
27.9
7.8
23.4
0.1
3.2
24.8
36.6
13.9
50.4
3.8
3.3
75.0
9k3.5
91.7
56.3
75.0
95.8
50.7
0
*
2.9
3.1
1.5
5.4
0
0
0
*
*
129
9
15
2
6
8
Value
*
*
1
31
327
446
65
88
715
73
X Share
*
*
27.;
31.5
56.4
26.3
18.6
98.6
47.7
6
31
46
176
19
4
248
33
474
22
930
128
*
7
26
216
22
120
75
25
16
244
11
50
9::
13.6
9.0
100
96.4
91.6
98.1
78.5
100
92.7
*
7.6
76.5
94.7
33.8
58.8
91.5
06.2
8.6
86.5
21.6
6
4
59
*
60
496
177
42
88
75
26
132
Austra102.
Rest of World
Value
I Share
6
2.0
7
4
36
0
430
45
*
4
*
3
21
*
0
*
0
41.5
5.7
a
.8
*
2.0
3.9
o
0
4.9
0
0
Value
1,152
197
692
80
278
300
182
Y;()
10
77
194
635
1,0
1!
1
9
7
66311
*
54.1
94.7
84.3
0
0
0
*
0
*
0
51
4
a
*
*
1
0
0
*
12
*
1
0
a
1
a
0
0
0
*
0
a
0
56.0
11.8
*
*
•
1.2
0
0
*
23.5
*
1.5
0
a
•
*
75.0
51.8
95.7
100
3
25
*
0
5.4
14.7 .'
*
0
80.7
1
.6
o
X S!-.ar
)?.4
,-3.094.9
72.1
26.3
37.9
73.7
80.5
1.4
57.3
35.5
49.6
65.2
91.0
0
9
3
9
6
0
10
10
13
4
12
43
84
. 6
1
170
38
28
33
23
114
51
27
33
3.5
8.3
1.8
.21.4
0
7.2
10'C.0
31.3
11.8
5.3
66.2
41.2
7.3
3.8
91.4
13.4
54.9
35.1
2/.9
100
45.9
5.2
15.7
11
57
1
0
19.6
33.5
1.3
0
26
17.4
V.S. IMPORTS BY OBE END-USK CATEGORY AND GEOGRAPHICAL AREA, 1970
Knd 030
C0-11 ';(3.
1300
1301
13:12
13:0
1311
1400
1401
1402
1403
1410
1420
1421
1422
1423
1423
1425
1326
1430
1431
1500
1510
1520
1600
1601
1603
1604
1605
1610
1611
2000
2010
2011
2012
2013
2014
2015
2016
2018
2100
2101
aono
3001
3010
3011
3020
4000
4001
4002
4010
4011
U.K.
Cont. Europe
Total
Canada
Share Value
Share Value it Share
Value
Value
Commodity Cnneription
Lumber
516
2
*
*
463
89.7
Plywood & veneers
248
16
6.5
1
24
0.4
9.7
Stone, sand, cement & lime
85
25
29.4
2.4
2
37
43.5
Glass-plate, sheet
64
38
59.4
4.7
3
2
3.1
Other-finished (shingles)
92
4.3
11
12.0
4
46
50.0
Iron ore
480
2
•
*
*
297
61.9
Pig iron, steel scrap
29
1
3.4
*
*
28
96.6
Manganese E. ferromanganese
68
14
20.6
1
1.5
1
1.5
Ferroalloying mat. 6 ferroalloys 157
30
19.1
15
9.6
25
15.9
Iron 6 steel mill products
32.4
1,214
393
73
123
6.0
10.1
Bauxite
1.9
322
6
*
*
2
0.6
Aluminum
231
47
20.3
167
2
0.9
72.3
Copper
435
*
*
*
*
106
24.4
Lead
102
3
2.9
2
2.0.
29
28.4
Nickel
338
83.9
403
32
7.9
1
*
Tin
202
1
*
2
1.0
*
*
Zinc
154
5.2
*
8
*
82
53.2
Miscellaneous
218
17
7.8
5
2.3
109
50.0
Platinum
116
9
7.8
44.8
52
3
2.6
Iron 6 steel exc. adv mfg
979
326
33.3
5.4
53
120
12.3
Iron 6 steel adv
141
40
28.4
11
7.8
18
12.8,
Fin metal shapes
28.2
323
91
24
7.4
133
41.2
Crude rubber.
0
0
0
237
0
o
o
Oilseeds & exp. oils
47
6.4
3
*
*
1
2.1
Ind. dianonds
49
25
51.0
5
10.2
1
2.0
Sulfur 6 non met.
219
30
13.7
1.4
3
127
58.0
Other non met.
160
53
25
33.1
4
15.6
2.5
Tires .5 tubes
206
108
52.4
19
9.2
25
12.1
Other (Boxes Belts)
113
48
42.5
15
13.3
21
18.6
Elec. mach exc. auto
1,017
238
23.4
72
7.1
180
17.7
Machine tools etc.
8.2
63.8
194
124
14.4
28
15
Conct text mach
536
392
73.1
63
11.8
43
8.0
Other non elec Ind.
36.4
271
745
164
22.0
176
23.6
Tractors-non farm
16.7
6.7
66.7
30
5
20
2
Tractors-farm
182
40.1
70
73
36.6
34
18.7
Other ag mach
5
2.8
177
16
9.0
150
84.7
Bus. mach.
471
188
39.9
28
5.9
14.4
68
Scient. inst.
239
106
44.4
20
8.4
34
14.2
Civ aircraft-complete
48
22
45.8
31.3
15
4
8.3
Part 6 engines for civ. aircraft 143
14
9.8
22.4
32
62.2
89
Cot-piece 6 nssem-new cars
3.719 1,352
36.4
2.8
105
1,806
48.6
Used cars
11
8
72.7
1
9.1
*
*
Trucks, buses, .5 special-equin.
530
20
3.8
1
•
471
88.9
Bodies 6 chassis for trucks 6
buses
200
4
2.0
*
*
195
97.5
Parts 6 engines, bodies &
chassis
1,496
168
11.2
39
2.6
1,111
74.3
Apparel 6 household goodscotton
314
46
14.6
6
1.9
11
3.5
Apparel 6 household goods-wool
223
90
39.5
20
8.8
7
3.1
Other textiles N.E.S.
705
87
12.3
10
1.4
10
1.4
Leather goods
75.4
569
429
4.6
26
17
3.0
Rubber goods
225
36
16.0
6
2.7
5
2.2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Llmn
value Latars
Major
Industrial
Countries
v,1,0 Share
467
90.5
91
36.7
65
76.5
57
89.1
82
89.1
299
62.3
29
100.0
17
25.0
81
51.6
1,164
95.9
12
3.7
226
97.8
121
27.8
34
33.3
92.1
371
3
1.5
64.3
99
134
61.5
65
58.6
934
95.4
133
94.3
5i4.1
306
Australia
1/
New Zenland:'
Value 1 "hare
Rest of
World
vnlun 1, Share
2
50
1
14
21
0
*
1
11
575
4
10
15
*
*
*
9
3
4
435
64
58
*
1.5
7.0
47.4
1.2
4.3
3.4
*
*
*
5.8
1.4
3.4
44.4
45.4
18.0
o
o
o
*
3
1
25
31
23
233
21
31
123
3
4
2
130
62
7
4
456
1
38
*
6.1
*
15.6
15.0
20.3
22.9
10.8
5.8
16.5
10.0
2.2
1.1
27.6
25.9
14.6
2.8
12.3
9.1
7.2
4
34
161
107
183
107
723
189
529
734
30
181
173
414
8.5
69.4
73.5
66.9
88.8
94.7
71.1
97.4
98.7
98.5
100.0
99.5
97.7
87.9
2,21
139
3,719
10
530
902
0
1:0
97.2
100.0
90.9
100.0
*
*
*
1,
10
1
1
*
2
4
*
*
1
*
1
*
1
*
*
*
*
*
199
99.5
o
o
1
152
10.2
1,470
98.3
2
•
24
1.6
96
23
165
21
104
30.6
10.1
23.4
3.7
46.2
159
140
272
493
151
50.6
61.4
38.6
86.6
67.1
*
•
•
*
•
155
87
432
76
73
49.4
38.2
61.3
13.4
32.4
o
0.4
20.2
1.2
21.9
22.8
o
*
*
*
1
*
7
0
1
31
5
66
*
4
22
2
2
10
4
1
5
*
1
o
"
1
1
*
1
*
*
*
1.6
*
1.5
0
1.5
19.7
0.4
20.5
*
0.9
21.6
*
1.0
6.5
1.8
.9
A
*
*
0
*
0.
0
.6
A.9
.9
*
*
*
*
o
*
.6
*
*
*
.7
*
*
*
49
9.5
157 63.3
20 23.5
9.4
6
10 10.9
174 36.3
0
.0
50 73.5
45 28.7
45
3.7
244 75.8
2.2
5
310 71.3
46 45.1
7.4
31
197 97.5
35 29.2
80 36.7
47 40.5
40
4.1
8
5.7
16
5.0
237 100.0
43 91.5
15 30.6
58 26.5
52 32.5
13
6.3
4.4
5
293 28.8
2.6
5
5
.9
7
.9
o
0
1
.5
3
1.7
57 12.1
16
6.7
0
0
2.1
3
0
0
1
9.1
0
0
0.5
Page 2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
U.S. ILTOSTS BY OBE E6'D-4.10E CATEGORY AND GEOGRAPHICAL AREA, 1970
End U50
Code No.
4012
4013
4100
4101
4102
4103
4104
4105
4106
4107
4103
4109
4164
42C0
4210
4211
51,00
5CO2
TOtftl
Commodity Description
Value
Cont. Europe.
Value t Share
Medicinal & pharmaceutical
preparations
150
72
Other-handhags, toiletries, etc. 763
155
Wood-furniture, ski goods etc.
223
85
Claf;sware, porcelain
223
80
Metal cookware, house & garden
wares, tools
363, 131
Household appliances, radio,TV 1,357
150
Home sewing machines & ace.
93
24
Bicycles, motorcycles & boats
432
93
Photographic & optical goods
229
92
Toys, shooting 4. sporting goods
N.E.S.
424
99
Clocks, watches, & parts
183
143
Other hardgoods (jewelry etc.)
431
191
111:gs & other floor covering
'A
17
Nondurable unmfg (pets. Xmas
tree..)
31
16
Ccm diamonds-uncut or unset
433
125
Other gem ,,tones
62
16
Military aircraft S parts
129
1
U.S. goods returned
1,271
274
TOTAL - ALL CATEG0RII3
39,263 8,830
U.K.
Value 1 Share
Canada
Value / Share
43.0
20.2
33.1
35.9
22
72
7
25
14.7
9.4
3.1
11.2
4
51
23
1
36.1
11.1
24.5
19.3
40.2
26
43
15
51
14
7.2
3.2
15.3
10.6
6.1
20
29
4
17
2
23.3
78.1
44.3
30.0
17
6
72
3
4.0
3.3
16.7
5.4 '
51.6
28.9
25.8
0.8
21.6
*
141
3
19
93
22.2
2,196
2.7
6.6
10.3
'
SnTan
Value y Share
Major Indust.
Countries
Value / Share
Australia. ,/
New Znolandll
Val,' / 2.are
20
119
43
98
13.3
15.5
19.3
43.9
118
397
158
204
78.7
51.7
70.9
91.5
1
1
*
*
0.7
•
*
5
5.5
2.1
4.1
1.5
0.9
139
954
38.3
70.3
35
03
2
112
(
5,2:17
48.9
316
1,176
96
463
220
87.1
86.7
98.0
96.1
96.1
*
*
o
1
1
*
•
A
.
22
*
12
2
5.2
*
2.8
3.6
144
27
101
16
34.0
14.8
23.4
r!3.8
282
176
376
38
66.5
96.2
87.2
67.9
1
A
1
•
•
*
•
•
*
32.6
4.8
14.7
7.3
7
1
*
103
496
22.3
•
*
83.7
39.0
2
*
12
*
78
6.5
*
19.4
*
6.1
25
267
31
128
941
80.6
61.7
50.0
99.2
74.0
A
0
5
*
21
A
0
8.1
*
1.7
6
166
26
1
309
19.4
39.3
41.9
0.8
24.3
5.5
11,091
27.8
5,875
14.7
28,042
70.2
871
2.2
11,050
27.7
•
L/ So. Africa included in "Rest of World".
n.e.s. indicates not elsewhere specified.
* indicates less than $.5 million or .005X.
Source:
Note:
Pat of World
V^.1,- t Zrare
Basic data from FT990, Highlights of U.S. Export and Import
Trade, Dec. 1970.
Due to rounding and derivation procedures used, "Major Industrial Countries" and
"Rest of World" values may be off by as much as $2 million in a few cases. Other
values are within $.5 million of actual.
OAS1A Aug 20, 1971
PaF,o 3
31 20.7
370 45.2
65 29.1
19. 8.5
47
181
2
18
8
12.9
11.3
2.0
3.7
3.5
141 33.3
7
3.8
54 12.5
18' 32.1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Troas
OAS'
B/P Projec.,
8/21/71
U.S. EXPORTS BY OBE END-USE CATEGORY AND GEOGRAPHICAL AREA, 1970
($ million and %)
Subtotal:
Continental
Europe
End Use
Code No.
0000
0001
0002
0003
0004
0010
0011
0012
0013
0014
0015
C016
0100
1000
1010
1011
1012
1013
1014
1015
Cerr.odill Description
Total
Value
Wheat and wheat flour
1,112
Rice - rough and milled
306
Food grains and preps.
84
Feed grain, - corn, sorghum
1,059
Animal feeds and fodders
497
Meat and edible animals
209
Dairy prod. and eggs
142
Fruits and veg. and preps.
524
Lard
59
Soybeans
1,216
Food oils and oil seeds
279
Other agri. foods and buy.
214
Food and bev.-aon agric.
124
Cotton, inc. linters and raw
378
Tobacco. usmanuf.
488
Tallow - inedible '
176
Hides and akins
144
Agric. mat, for ind-umman.
121
Azric. mat., inc. seed, breed. at 116
Agric mat. incl. starch, oils,
L,anuf.
51
1100 Coal and related fuels
1,046
1110 Petroleum-crude
li
1111 Petroleum-semi finished
189
1112 Petroleum Prod-finished
281
1120 Gas-natural
30
1121 Natural gas liquids-nat., man.
33
1200 Iron ore and pig iron
86
1201 Iron and steel scrap
461
1210 Iron and steel mill prods.
semi-fin.
902
1211 Iron and steel prod. - finished
except adv.
487
1220 Aluminum
352
1221 Copper Z. alloys
494
1222 Nonferrous metals, nec, ferro'
alloys & prec. metals
598
1230 Finished metal shapes 4 advanced
metal manuf. inc. adv. steel nec 428
1240 Logs, lumber, plywood E. veneers
616
1241 Wood supp and millwork, prefabs,
E. casks - manuf.
29
1242 Paper bauestocks - pulpwood and
woodpulp
526
1243 Newsprint 4 other paper prod.
611
U.K.
Value
2 Share
148
27
4
370
303
67
6
141
6
589
17
52
35
30
211
43
23
35
28
13.3
8.8
4.8
34.9
60.9
32.0
4.2
26.9
10.1
48.4
6.1
24.2
28.2
7.9
43.6
24.4
16.0
28.9
24.1
43
10
1
75
6
20
*
33
31
16
12
9
16
7
107
5
4
14
4
14
309
*
57
62
*
1
12
116
27.4
29.5
*
30.1
22.1
*
3.0
.13.9
25.2
318
35.3
Canada
Value % Share
Value
X Share
3.9
3.3
1.2
7.1
1.2
9.6
*
6.3
52.5
1.3
4.3
4.2
12.9
1.8
21.9.
2.8 .
2.8
11.6
3.4
58
10
10
95
37
44
3
215
2
175
17
49
26
28
2
1
9
22
27
5.2
3.3
11.9
9.0
7.4
21.0
2.1
41.0
3.3
14.4
6.1
22.9
21.0
7.4
.4
.6
6.2
18.2
23.2
6
*
1
13
13
*
2
*
11
11.8
*
5.8
6.9
4.6
*
6.1
*
2.4
6
214
1
23
32
1
1
27
22
11.8
20.4
5.9
12.1
11.4
3.3
3.0
31.4
4.8
96
10.6
177
Major Indust.
Countries
12E92
Value
% Share
Value
2 Share
36.5
15.3
19.0
84.9
79.0
69.4
7.0
80.5
74.6
89.2
19.7
60.3
78.2
40.5
78.5
46.0
62.5
65.3
62.9
Australpi,
N.7..11
Value
Rest of Wnrld
X Share
Value
*
1
*
*
4
5
*
9
*.
1
2
4
1
--
*
1.0
*
*
706
63.5
256
68
160
104
59
132
93
83.7
80.9
15.1
20.1
28.2
92.9
17.7
16
.
3.2
*
*
3.3
1.7
157
*
1
359
47
14
1
33
5
,
5
30)
14.1
*
1.2
33.9
9.4
6.7
.7
6.3
8.4
2
25
3..1
19
20
88
61
32
54
8
14
8.9
16.1
23.2
12.5
18.1
37.5
6.6
12.1
406
47
16
894
393
145
10
422
44
1,085
55
124
97
153
333
81
90
79
71
416
2
*
52
35
22
1
43
209
3::
*
27.5
12.4
73.3
9.0
50.0
45.3
32
935
2
145
142
23
7
82
358
62.7
89.4
11.8
76.7
50.5
76-7
21.2
95.3
77.6
2
1
..-
19.6
4
.4
595
153
67
30
31.4
19.0
6.1
8
1.6
*
4
2
.8
2.4
*
1.7
*
*
.7
1.9
2.4
--
;13
253
2
81
24
225
89
95
54
I Share
.
.174
6
37.8
19.1
59.5
13.2
54.0
1.7.5
2! 315:';
6
9
*
*
*
*
3.9
*
-3.2
3.2
*
•
*
*
17
110
15
38
130
7
26
103
. 7e •6
4.6
22.3
66 0
7
.7
300
33.3
225
264
. 392
46.2
75.0
79.4
10
2
.
2.0
.6
252
86
102
51.7
24.4
20.6
4
33.3
10.5
88.2
20.1
46.3
23.3
48
136
234
9.8
38.6
47.4
16
21
38
3.3
6.0
7.7
318
53.2
11.2
52
8.7
!!
.!
5.
18.
!
532
89.0
4
0.7
62
10.4
85
107
19.9
17.4
67
.
27
17
6.3
2.8
123
75
28.7
12.2
18
353
4.2
57.3
253
552
59.1
89.6
10
18
2.3
2.9
165
46
18.6
7.5
3
10.3
4
13.8
14
48.3
21
72.4
1
3.4
7
24.1
175
180
33.3
29.5
63
54
12.0
8.8
14
102
2.7
16.7
355
346
67.5
56.6
16
23
3.0
3.8
155
242
29.5
39.6
103
10
19.6
1.6
•
Y AND GEOGRAPHICAL AREA, 1970
U.S. EXPORTS BY OBE END-USE CATEGOR
11a3or Indust.
Countries
Japan
Canada
U.K.
rone
Cont.Eu
Total
I, Share
Value 1 Share Value / Share Value
Share
End U30
Value
Share
/,
Value Value
Comcodity Description
Ccde No.
69.7
421
6.6
40
21.3
129
8 6
52
33 1
200
604
51.1
mat.
113
12.7
25
1250 Plastic & synthetic resin
3
2
5
6
22
50
-crude 221
42.9
121
3.9
11
7
1251 Fertilizers & insecticides
1. :6
9
30
1
4
1
4
8
30
87
282
64.6
7.7
109
1252 Fertilizers & insecticides-manuf.
14.3
202
5
5
78
0
37
522
1,410
51
20
31
9
1
.
1L 6
62
1253 Chemicals N.F.C.-unfinished
19.5
106
5.0
27
60.7
23.1
125
542
142
6
1254 Chemicals N.E.C. finished
15.8
37
6 8
16
35.5
83
234
wastes
&
1260 Manmade fibers yarn
57.5
42
2.7
2
1251 Yarns, waste. etc. of nat. fibers
5.5
4
35.6
26
73
1.3
49.3
77
N::
2
)
9
(
non agricultural
10.9
17
58.5
18.8
29
156
5.7
93
30.2
9
1252 Manmade fabrics
48
3.1
5
1'.;.5
31
159
58.8
30
fabrics
&
3.9
cloth
2
Cnttcn
5.9
1253
23.5
12
.
25.5
3
13
51
.
1254 Indu,trial textile mat. nec-fin
9.1
76.1
134
13.2
16
1270 Synthetic Rubber-prim. excl reel.
5.7
32
43.2
10
76
176
80.8
80
2.0
2
rubber
21.2
21
11.1
11
45.5
46
99
1271 Leather & furs-unmanuf.
74.3
146
23.5
7.1
14
1272 Indus. diam9nde, sulphur, & other
4.6
46
9
39.3
77
10.2
196
nonnetalic mini-nec unmanuf.
11
15.7
13.0
17
14
33.0
41
108
1
1.2
1273 Nonag. indus. mat. nec-unmanuf.
22
25.9
2.3
2 •
17.6
15
85
80
74 3
70
84
6i
2.2
2
1274 Tires & tubes
49.4
44
3.4.
3
15.7
14
89
nec
prod.,
rubber
ial
Industr
1275
auto) E. other
270
68.8
6.4
25
1276 Clay, g1,11 (exc.
5.9
23
26.3
103
392
66.3
152
7.4
ran. mineral, supplies
17
6
49
11
3200:1
5.2
12
33.6
77
229
uf.
s
1277 Nonag. Indus. supplie nec-man
acces.
44.3
&
152
rmers
5.5
19
2000 Generators, transfo
17.8
61
15
4.4
16.6
57
343
(switch gear, etc.)
60.4
573
10.8
103
9.5
2001 Broadcasting & commun. eq & comp.
90
7.0.
71
32.6
309
949
excl. telephonic
68.6
539
6.6
52
2002 Telephonic eq. & elec. ap. nec
22.3
175
8.9
70
30.8
242
786
30.8
95
3.9
12
incl rotors
15.6
48
3.2
10
8.1
25
308
.
69.4
75
.9
1
2100 Drilling I. oilfield equipment
41.6
45
4.6,
5
22.2
24
130
ializ.
48.8
435
3.7
33
2101 Xining 6 Oil proc. eq-spec
17.6
157
4.3
38
23.2
207
891
39.2
229
4.3
25
2103 Excavating & paving mach.
14.4
84
3.8
22
16.8
93
584
attch.
&
parts
s,
2104 Ncnfarm tractor
.
56.1
345
8.1
2110 Power gener. each. exc. auto. 6
50
17.3
107
5.0
31
25.5
157
615
57.8
26
6.7
aircraft engines
3
11.1
5
2.2
1
37.3
17
2111 Polling mill mach., parts & attach 45
74.6
394
16.1
85
2112 Machine tools & metal w. each.
25.8
135
8.7
46
24.2
128
528
nec & parts
56.3
133
6.8
16
2113 Indus. textile, sewing, & shcc
12.3
29
7.6
18
29.7
70
236
53.6
5.9 . 407
mach. 4 parts
41
24.1
167
5.3
37
23.3
162
694
parts
&
nee
2114 Spec. Indus. mach.
central
&
55.9
179
4.4
2115 Air cond, refrig.
14
20.6
66
4.4
14
26.6 .
85
320
heating-commit Indus.
71.3
538
11.5
2116 Meas., test & cont. instru. &
87
15.9
120
10.7
81
33.1
250
754
53.7
143
parts
2.3
6
22.9
61
5.3
14
23.3
62
266
58.6
6.5
handl. veh., eq. & parts
M
801
2117 Mats.
89
23.0
314
6.3
86
22.8
312
2118 Indus. each. comp. & parts nee. 1,367
113
62.8
1.1
2
2120 Tractors-farm & garden 1. parts
36.1
65
5.5
10
20.0
36
180
& attachments
69.4
125
2.8
5
2121 Agricul. each 6 parts excl.
51.1
92
2.2
4
13.3
24
180
tractors & parts
82.1
1,398
12.9
220
2122 Lis. mach. incl office comp.,
14.6
249
14.8
253
39.7
676
1,703
copying etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Austral.
. N.3.
Value 1 :Mare
162
103
154
458
199
85
26.8
46.6
54.6
32.5
36.7
36.3
3.9
31
69
6g
19
.
3:7
47
37.2
5.1
1.0
rt3
lE
3.4
2.3
2.5
21
5
7
41
23
7
2.9
4.2
3.0
6.4
3.8
10
6
2
9
1
Rest of World
Value 4 Share
42.5
4.1
2.6
22
7.0
2.2
::
39
:0
49
;;.
13
7
3.3
3.0
109
70
27.8
30.5
10
2.9
181
52.8
19
2.0
357
37.6
23
15
26
73
47
2.9
4.9
24.0
8.2
8.0
224
193
7
383
303
23.5
64.3
6.4
43.0
52.7
41
1
6.7
2.2
229
18
37.2
40.0
14
2.6
120
22.7
5
24
2.1
3.4
98
263
41.5
37.9
8
2.5
133
41.6
31
13
41
4.1
4.9
3.0
185
110
525
24.5
41.3
38.4
9
5.0
58
32.2
4
2.2
51
28.3
45
2.6
260
15.3
8
3
6
2
Page 2
I
•
U.S. EXPORTS BY OBE END-USE CATSGORY AND GEOGRAPHICAL AREA, 1970
End U76
CrAe No.
2123
2124
2201
2201
2202
2210
2220
2221
3000
3001
3002
3010
3101
3101
4000
4001
4.)02
4003
4004
4005
4010
4100
4110
4111
4112
4113
4114
Major Indust. Australia,
Cont.Europm
Total
U.K.
Canada
Countries
New 7eninndl/
Comm,4t1.
4 Dty:cription
Value Value t 3hare Value-7-Share Value !. Share Value '1.,
Value 4 Share Value 4 Snare
Scientific, prof, med. & hasp.
ipm
31.1
73
lnstrum. & equ
25.8 198
6.7
283
88
19 ent
6.4
18
70.0
9
3.2
Eq., tools, & fixtures for
photo & other service Indus.
24
116
355
23
32.7
19.4
69
232
65.3
12
6.8
6.5
3.4
Civilian aircraft-co,p1., all
types
1,529
630
41.2
7.3
1,098
112
71.8
173
11.3
183
49
3.2
12.0
Parts for civ. 6 mil. aircraft
& eng.
1,015
434
42.7
81
113
11.1
111
10.9
4.8
739
72.8
8.0
49
Engines for civ. aircraft
117
46
39.3
8
6.8
76
3
9
64.9
13
11.1
7.7
2.6
Pailway trans equip.
93
6
*
29
35
*
2.1
37.6
2
31.2
*
6.4
*
*
*
Passenger E. cargo vessels
*
13
*
*
*
*
*
*
*
*
*
Other commerc vessels
35
*
*
3
*
6
(5.6
2.8
17.1
•
1
Pass. cars, co,plete
•
31
739
625
1
20
67;
4.2
2
2.7
84.6
1:76
•
Pass cars, unassembled
82
*
6
6
*
*
*
3
*
7.3
7.3
3.6
*
*
Pass cars, USED
15
*
*
*
26 7
4
20.0
3
*
6 7
0
1
Trucks, buses, spec pur. veh.
*
43.2
3.2
48.6
560
27
242
1
272
3
•,5
.18
4.8
Parts for auto aaavmbly
1,575
3.8
82.4
2.3
68.0
1,475
1.3
1,789
21
65
•
41
12
Parts for replacement
2.0
11.4
1.1
4.9
53
466
10
23
5
Electrical hou,:ehold appl.
13.1
3.5
2.2
2.6
8
30
291:1
228
8
2
6
13
61
8
5
Pad, phoro. tape rec. records
6.2
61
34.6
2.3
71
1.1
62;
44 1 9
176
,
4
11
i9
19
2
i;ouelec. cooking & heating eq.
3:7
6
16.3
141
5.0
2
3.5
5.0
23
7
1(3
7
90
63.8
5
95
Clocks, watch. 6 jew.
6.9
13.8
81.9
116
58
1.9
50.0
16
8
1
2;.:34
Toys, sport-am,;se. eq.
12.4
1.8
169
4
21
'1
2.
3:2
1
48
3
6
41
6
3.5
3
Other furn., camerae
5.6
43
24.2
5.1
177
10
9
511:
6
1:nmfg diamonds, etc.
51i
6
6
31.7
l'ii.:56
31:18
1
:
1
.3
1).
1.6
2
39
24
4
Cons tex prod ex rugs
2.4
7
65
26.3
247
1.2
4 1:
21
8.5
3
6
193 :
Footwear, luggage, app.
2.6
2.6
14.4
26.3
2.6
1
50.0
10
7
38
1
19
1
Books, mag, oth printed mat.
46.3
5.5
32
10.1
326
8.6
151
9.8
28
18
33
Cigars, cig, tobacco
3.1
1.6_
31::
1.6
34.5
2.1
66
7
191
3
3
4
4
6
276
nedic. pharm prep.
3:8
9.0
151
27.9
8.4
545
49
23 . 4.2
49.a)
46
10
269
1
Others (cosmetics)
56.9
74
27.
10.1
13.5
267
27.7
36
15
5.6
-..1D.152_
TOTAL - ALL CATEGORIEY
43,226 11,745
27.2
2,537
5.9
9,084
21.0
4,652
10.8
28,018
64.6 1,183
2.7
Pent of orld
Vai:;--7-.Thare
76
26.8
111
31.3
332
25.0
227
33
56
*
26
60
73
11
270
173
22.4
32.5
60.2
*
74.3
3.1
39.0
73.3
48.2
9.7
111
24
5
45
43.6
532.6
25550°,
148
!il
59.9
64
19
103
266
19.6
.i
4
57
7.'
.4:53
14,C20
32.4
1/ So. Africa is included in "Rest of World" in 1970 data.
V Export totals include military exports (End-Use Category 5000) for which no
geographical break is available, minimum value shipments,
and re-exports.
N.E.C. indicates not elsewhere classified.
*indicates less than $.5 million or .0051,
Source:
Note:
Basic data from FT990, Righlights of U.S. Export and Import Trade, Dec. 1970,
Due to rounding and derivation procedures used, "Major Industrial Countries" and
"Rest of World" values may be off by as much as $2 million in a few cases. Other
values are within $.5 million of actual.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OASIA Aug 20,1971
Page 7
11
.
al Area, 1965
U.S. Laport, by OSE Yn.1-0s* CateTory sna figraphle
($ ftillion and 7.1
11.K
Cont. Fororr
Total
. 7 shwre Value 7
Valtie Val..
00stannAltv rie!illyji,n
....
.
•
1,062
Creen cottee
....,
*
*
121
Cocoa beans
*
0.2
1
443
Cone sugar
.
--98
Cattle
1
25.6
114
445
Meat proJucts & poultry
2
12.1
57
472
Fish & shellfish
1
21.4
24
112
Vegetables & preraratioos
1
12.1
43
Fruits, nuts & preparattons 356
Whiskey & other alcoholic
202
24.7
106
430
beverazes
*
5.1
5
99
Feedstuffs
0106
Other foods & beverage?
0107
19
34.4
106
308
(tea. etc. spices)
*
*
1.146
Petroleum - crude
1000
*
0.4
3
SOO
fin.
prod.seolPetroleum
1001
Petroleum prod.fin.(excl.
1002
1
0.7
1
150
gas)
.
*
*
3
Coal & related fueli
1010
105
n
Gas - natural
1011
Natural as liquids &
1012
*
*
*
8
mfg. gas
*
8.5
34
400
Wood pulp
1100
*
6.7
2
Pulpwood & other pictrscod3 30
1101
3.5
28
792
Newsprint
1110
&
Paper products
1111
4
48.7
38
78
paper nfs
-*
*
21
Cotton un.snufactured
1200
7
2.5
6
238
ured
umanufact
Wool
1201
24
14.2
25
73
Wool semi-manufactured
1202
3
53.5
38
71
yarns
Manmade filaments,
1203
5
19.3
22
114
Textiles fibers, n.a.s.
1204
4
23.1
33
143
Cotton cloth & fabrics
1210
29
12.5
14
112
fabrics
&
cloth
Wool
1211
2
39.4
13
33
Silk cloth & fabrics
1212
3
11.5
24
209
Burlaps, 'jute & twine
1213
12
34.5
51
Textiles, materials n.e.s. 148
1214
1
12.5
10
Hides & skins, exc.am- skins 80
1220
13
40.6
28
69
Leather
1221
2
48.4
60
124
Fur skins
1222
-*
*
107
Copra & cocoanut oil
1223
*
78.9
97
123
Tobacco - unmfg.
1224
33
54.3
133
245
Industrial chemicals
1225
.
13.3
17
128
Fertilizers crude
1226
3
26.5
34
9
Farming materials n. e.s.
1227
Materials for nondurable
1228
2
33.1
44
133
goods n.e.s.
5
42.0
21
Ind. chemicals exrl. tmedia)a1s50
1230
*
4.5
1
22
ed
s
manufactur
Fertilizer
1231
Materials for nondurable
1232
6
56.5
52
92
goods output toes.
.
*
*
387
Lumber
1300
,*
7.6
13
171
Plywood & veneers
1301
*
31.8
14
Stone, sand, cement & lime 44
1302
4
63.0
29
Class - plate, sheet, etc. 46
1310
2
10.7
8
75
n.e.s.
Building materials.
1311
-0.5
2
444
Iron ore
1400
*
15.7
8
51
Pig iron, steel scrap
1401
1
15.5
16
Manganese & ferromanganese 103
1402
Ferroalloying mat. &
1403
2
14.6
12
82
ferroalloys
59
34.6
258
Iron & steel mill products 745
1410
*
.6
1
164
Bauxite-crude
1420
Aluminum-primary scrap,
1421
4
31.6
84
266
semi-fin.
Copper-ore, semi-fin.
1422
*
3.0
11
361
& scrap
Lead-ore, bullion, pig.
1423
*
10.5
86
9
& scrap
*
9.3
21
226
Nickel-ore, oxide
1424
4
4
2.3
174
p
Tin-ore, metal,scra
1425
-4.7
5
106
Zinc-ore. etc.
1426
3
18.7
25
134
Misc. nonferrous me -Ails
1430
7
28
9.5
74
Platinum
1431
35
47.4
250
Iron & steel exc. alv. man.527
1500
4
29.4
20
68
Iron & steel-ado. m -.
1510
44.9
14
66
steel 147
Fin, metal shapes ,
1520
.
*
*
188
Crude rubber
1600
*
5.9
2
Oilseeds & expressed oils
1601
13
41.1
23
56
Industrial dianonds
1603
3
18
10.1
,
179
non
other
&
Sulfur
1604
Non-rets1 assoc. w.
1605
4
18.3
20
109
durable goods
2
68.9
31
45
Tires & tubett
1610
5
48.0
24
Other (boxes, belt!, ,Aiss) 50
1611
31
31.2
94
301
,
s.
except
mach.
Elec.
2000
11
67.5
52
Machine tool & metal ach. 77
2010
38
72.2
161
221
Const., textile, mec
2011
55
40.7
105
258
Ind. non-elec. mach.
2012
4
28.0
7
25
Tractors, non-farm
2013
55
26.1
23
88
ism
Tractors,
2014
3
3.8
6
159
Agricultural mach.
2015
13
73.6
81
110
Pntsa vlachines
6
2016,
201uai
11
47.4
55
oluip.116
servIce
prof.
Scient..
2018
45
16.4
67
11
civtlfou aircraft
2100
23
5.7
2
... sire. 35
Units 6 ef,,,jr
2101
End-Use
Code No.
0000
0001
0002
' 0100
0101
0102
0103
0104
0105
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14
share
..
-*
r
0.2
0.4
0.9
0.3
Cansls
Volt's. '. Nit re
....
.*
*
*
*
63.3
62
12.8
57
30.0
141
11.6
13
2.5
9
--__LT",
VAhle /Shore
..
'"
*
*
..--0.2
1
14.0
66
3.6
4
3.9
14
Mo lar
Industrial
Countries
._htet021__
Volt, 'shore
---*
0.2
1
63.3
62
38.9
173
56.4
266
37.5
42
18.8
67
Australis
N. Zealand
. Arr1ro
Vol,. ',. share
.
1
*
*
6.4
37
--34.6
154
10.6
50
*
*
0.8
3
Treas -- ru
L/P isoject
PR-5
8/21/71
Rest of
r .1.. ,
.
3
I r•
V.1,,V"
1L..t.0
1,0o1
100.0
121
91.4
405
1;8
156
70
286
7
9:5
;6
33.1
62.5
80.3
47.0
*
115
37
26.7
37.4
1
2
0.2
2.0
424
44
98.6
44.4
*
1
•
1.0
6
54
1.4
54.5
6.2
35
276
7
11.4
24.1
0.9
4
-3
1.3
53.2
24.1
1.6
9
2.9
--
0.4
164
276
11
135
870
787
43.6
75.9
98.4
1
3
97
O./
100.0
92,4
*
*
*
*
3
2.0
*
147
--
98.0
.7.6
8
363
24
765
100.0
90.8
80.0
96.6
*
*
0.7
*
*
*
*
8
3
1Z2
9
*
*
8
397
26
793
100.0
99.1
86 7
100.0
-- •
2
*
*
..0.5
*
*
-0.3
13.3
--
1
4
1
1.3
3
21
8
5
1
9
1;2:0
8.8
1.4
6/,
65
4
3
170
38
41
21
35
8
1517 0
.
:
3.6
9.1
01.3
25.7
51.3
37 4
2,t.:
)6
2
1(7
13
29
8
C
1:I:
"
1 2.
5.3
22.7
23.5
12.8
*
*
53
37.8
1
4.5
1
1
*
*
*
*
*
1
8
1.1
0.3
*
*
*
*
.
2.0
7.8
23
35
73
10
4
25.0
9.0
42.7
22.7
26
1
--
31.7
0.1
5.1
-2.9
32.9
4.2
4.4
2.8
25.9
6.1
1.4
8.1
1.3
18.8,
1.6
-*
13.5
.
8.8
28
-2
2
6
1
3
*
*.
9
2
5
5
21
-*
38
82
13
35.9
-0.6
2.7
8.5
0 9
2.1
*
*
4.3
1.4
6.3
7.2
16.9
.*
15.5
64.1
38.2
6
*
*
7
23
21
39
65
15
2
45
*
1
2
..*
27
*
.
7.7
*
*
9.6
32.4
18.4
27.3
58.0
45.5
1.0
30.4
*
1.4
1.6
.*
11.0
*
*
76
*
15
58
70
49
79
108
30
33
110
16
47
85
*
97
231
99
25
97.4
.
6.3
79.5
98.6
43.0
55.2
96.4
90.9
18.2
74.3
20.0
68.1
68.5
*
78.9
94.3
77.3
73.5
1
-140
10
*
*
*
*
*
1
*
23
1
4
-1
*
1
1.3
-58.8
13.7
*
*
*
*
*
0.5
*
28.8
1.4
3.2
--0.4
*
2.9
1.5
10.0
*
13
19
20
9.8
38.0
90.9
4
5
*
3.0
10.0
*
63
50
21
47.4
100.0
95.5
17
*
*
68
351
98
34
42
69
266
40
21
73.9
90.7
57.3
77.3
91.3
92.0
59.9
78.4
20.4
6.5
*
*
*
8.7
2.7
-*
1.0
3
344
34
20
1
35
264
92
1
1.3
88.9
19.9
45.5
2.2
46.7
59.5
62.7
1.0
7
7
51
*
24
-*
9
7.6
1.8
29.8
*
17.4
32.0
-*
2.9
2.4
7.9
*
8
77
1
9.8
10.3
.6
8
331
5
9.8
44.4
3.0
30
725
7
36.6
97.3
4.3
1.5
150
56.4
17
6.4
255
95.9
5
1.9
6
2.3
2
.6
68
18.8
36
10.0
257
71.2
29
226
10
63
64
46
514
65
133
*
4
18
124
33.8
100.0
5.7
59.4
47.7
62.2
97.5
95.6
90.4
sr
11.7
67.9
69.4
23
1
-3
11
2
3
*
1
*
*
10
9
26.7
0.4
-2.8
8.2
2.7
0.6
.
0.7
.
*
17.5
5.0
34
....
164
40
39.5
.-
9
6
;
10
3
13
188
10
8
46
0
4 5.1
34
1.9
4.4
6.6
103.0
65.2
14.3
25.7
*
*
*
*
.
*
0:
*
52
*
3
21
2
2
-1
47.7
•
6.0
7.0
2.6
0.9
-4.0
0
0;
-;
a._
2
•
--
t'.
... 6
1.7
•
..
55
15.2
*
*
2.3
-2.2
37.8
6.6
5.9
9.5
*
*
23.2
1.7
19
205
*
54
35
11
29
6
30
.
1
1
102
22.1
90.7
*
50.9
26.1
14.9
5.5
8.8
20.4
*
2.9
1.8
5.7
3.7
4.4
10.0
10.3
14.3
17.0
21.3
16.0
62.5
1.9
11.8
9.5
67.2
C5.7
31
5
10
67
6
17
66
13
10
149
10
17
10
10
*
28.4
11.1
20.0
22.3
7.8
7.6
25.6
52.0
11.4
93.7
S.1
14.;
14.9
28.6
8
1
*
2
4
1
-200
35
23
.
1
1
1
2
7
8
88
6
5
31
*
*
*
5
30
*
.
1.2
*
1.1
3.8
.7
-38.0
51.5
15.6
.
2.9
1.8
.6
1.8
15.6
16.0
29.2
7.8
2.2
12.0
*
*
*
4.5
25.9
*
•
52.2
57
100.0
45
94.0
47
93.0
200
97.4
75
99.0
221
99.6
2:7
96.0
24
100.0
88
13859.4
99.1
109
97 5
113
66
98.5
100.0
35
*
*
*
*
*
*
1
*
178
10
74
26
19
157
31.7
2.6
95.7
a
1
1
8.7
8.0
60.1
19.6
21.8
9:..3
i.rogrophical Area
U.S. imports by 0tH FuJ-Vse Colt,Orv 000
(S ollihi. and 2)
End-Use
_Cole No.
3000
3001
3010
3011
3020
4000
4001
4002
4010
4011
4012
4013
4100
4101
4102
4103
4104
4105
4106
4107
4108
4109
410A
4200
4210
4211
5000
5001
5002
Total _Cont. r.rma...
....ro
Value yplull. ; :A!
Coes-olite Description
70.7
40
ool
Pens. cars - new
100.0
9
9
[ass. cars - used
31.3
13
39
Tiucks, buses. etc.
--Bodies & ehassia-trueks.bus 5
24.0
54
225
4
engines
Auto parts
13.1
28
Apparel & howielivid goodS 213
goods
Apparel & household
56.5
105
186
except rugs
Appar. & h.h. goods exc.
14.4
28
194
n.e.s.
rti.ZS
73.2
115
157
Leather good & cons
9.3
7
75
Rubber goods incl. footwr.
46.1
39
81
Medicinal & pharwacy
31.8
91
Cons. non. durable n.e.s. 286
47.1
49
104
Wood turn. A h.h. items
35.3
41
116
Olas,dare, porcelain
40.0
60
150
Metal cookware, etc.
14.0
56
399
H.H. appliances, elec.
17.5
11
63
Home sewing machines
22.0
43
195
s
motorcycle
Bicycles,
49.1
53
108
Illoto & optical
31.5
51
262
Toys. sportsgoods
93.0
93
100
Clockwatches, etc.
61.0
178
292
Cons. hardgoods
13.6
6
44
Rugs & other
56.5
13
23
Cons. non-durable(unmfg.)
33.4
103
308
Oem., diamonds
19.6
10
51
Ccm., stones
*
*
59
Military aircraft
--59
purchase)
(govt.
Uranium
30.1
220
731
U.S. goods returned
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T171'AL,ALL.CAT60RIE3
21520
4783
22.2
U.K.
.21a_r22
1!..11,1!! 2
13.8
91
1
18
4
21
2.6
8.0
1.9
11.3
CAnAJO
value ..._?;ihare
11.0
71
....
-48.7
19
100.0
5
64.4
145
1.4
3
2
1.0
1965
Jaran
Share
Value
3.5
25
--15.4
6
-.
-3.1
7
36.2
77
Malor
Industrial
Countries
(S,,t,t or all
Val,,, 7 ,are
44.9
U00
100.0
9
100.0
39
100.0
5
99.5
224
52.6
112
Australia
Rest of
N. Zealand
World
S. Afr(ca
SS., val.e
Val
.
•
--
1
*
.4
•
101
13
7.0
141
75.9
*
*
45
24.2
36.1
5.1
73.3
6.2
24.8
25.0
44.8
37.3
63.4
58.7
56.9
44.4
45.7
4.0
16.1
52.3
8.7
*
43.1
-*
5.9
109
140
67
54
218
85
103
140
376
62
190
106
138
99
272
31
21
219
33
59
14
572
56.2
89 1
.89.2
66.6
76.2
81.7
93.0
93.3
94.2
98.4
97.5
98.2
85.3
99.0
93.2
70.5
91.3
71.0
64.7
100.0
23.7
78.3
1
*
*
*
.
*
*
*
*
*
*
*
*
-1
-*
22
1
*
45
11
.0.5
*
•
.
.
*
*
*
*
*
*
*
-0.3
-*
7.1
2.0
*
76.3
1.5
83
17
8
27
68
19
9
10
24
1
6
2
24
1
20
13
42.8
10.8
10.7
33.3
23.8
18.3
7.8
6.7
6.0
1.6
3.1
1.9
14.8
1.0
6.8
29.5
2
68
18
--
1.
2:7
35.3
148
-20.2
13468
62.7
67S
3.2
7353
34.2
7
12
4
9
42
5
15
20
33
13
10
3
9
2
39
1
.
115
1
3
-56
3.6
7.6
5.3
11.1
14.7
4.8
12.9
13.3
8.3
20.6
15.4
2.8
5.6
2.0
13.4
2.3
*
37.3
2.0
5.1
-7.7
4
5
1
1
14
5
*
4
14
1
6
2
4
*
8
1
6
1
*
56
14
253
2.1
3.2
1.3
1.2
4.9
4.8
•
2.7
3.5
1.6
3.1
1.9
2.5
*
2.7
2.3
26.1
0.3
*
94.9
23.7
34.6
70
8
55
5
71
26
52
56
273
37
111
48
74
4
47
23
2
.
22
-*
43
1413
6.6
4,07.
22.6
e423
11.3
• Indicates value less than 9.5 sillion or .004,
n.e.s. Indicates not elsewhere shown.
SOURCE:
by OBF-Ose Comrodity Categories, 1923-68
Basio data from U.S. Exports end Imports Classified
(OBE-SUP 70-01), Dept. of Co.merce
Note:
....
...
...
47.4
al Countries" and
procedures used, "Major Industri
Due to rounding and derivation
in a few cases. Other
off by as much as $2 million
"Rest of World" values may be
actual.
values are within $.5 million of
•
OASIS, August 19, 1971
V..,
c;F:A
11/7 Prolects
p?-5
8/21/7 1
U.S. Exports by End-Use Category and Geographical Area, 1965
($ mil. and $)
MO-7SE
CC.TPTITY
cc[7-i;
0000
0021
CO:2
0(03
CiV4
OCIO
Cill
2
Oil)
OC14
O1.15
C216
0130
1000
12.10
1011
1312
1213
1014
1015
1100
1113
1111
1112
1120
1121
1200
1221
1210
1211
1220
1121
1222
1230
1:40
1241
1242
1:43
1250
1251
1252
1253
1254
1260
1:61
12C2
126)
.1.%'4
1270
1271
1272
1273
1274
1275
1276
1277
2000
2001
2032
TOTAL
VAME
1,185
Wheat & wheat flour
245
Flee - ro'h I milled
63
Food grtins & przp.
1,131
F.ed creInn-corn, sorghums
273
Ar.-...1 f-c,1:, 4 fodder.
176
.!i!.le nn!mnle
Mo.t. t ,
197
Dairy prod. !, o.:cr
488
!,
4
v-r.
!tr
prepar.
F,,
40
Ltrd
650
.5Oy':,,am..,
237
Foo.!oils & oil sccda
138
0ther ec7icul. foods & bar.
71
Foot & b•sv. nonn.7rio.
495
2ott=1, 1=1. linters, raw
383
uprcnuf.
7clacco,
179
Tellow-ini...dile
109
131es 1. ekins
AE-ric. net. for ind.-unmanuf. 104
.
Acrit. mat. incl. aced &
73
trcedinj etock
Az-ric. mt. incl. starch & oils 34
495
Col & reIntei fuels
3
Petroleun - crude
124
Fetrel.:.un prod.-eerl-finish.
291
d
retrolcum prod.-finishe
7
C43 ... natural
Nature:1 gns liquids, net. &
27
mania'.
82
Iron ore & pig iron
200
,rep
Iron & steel s,
Iron t steel mill prod. ..
384
5071-fiaishod
Iron t ste:,..1 prod.-Except
'375
al.,. finished
175
A1u=in..173
338
Copper t alloys
254
Nonferrous metals
298
Finish. Nttal napes, etc.
Lore. 1,-h.or, plywood &
274
venc,n-s
24
Wc-od sumllics, incl. millwork
208
Pcpor hcse stocl,m, pulpwood
sprint 2 other papor prod. 356
392
Flertis & synthetic resin
Fertilizers & insecticides..
196
ermir
161
Fart. t intect.-m,Lf.
869
CS.,!;1-.3 - U=finish.
330
C1n.,N77. - Fininhed
1nnno1e fibers; yarns & waste 166
Tarns *rte, etc. of nat.fibers 82
135
It=c4e fatrica
145
Cotton cloth 2 f61rics
48
mat.,
finish.
:n!,,t. toxtiles
161
Zynthotic ruhber - primary
99
Leather & furs - unnanuf.
Ln1us. lion., sulfur, other
156
non-met.
73
Nonr,Tr. ind. mat.-NEC-unmfg.
93
Tires & tlftes
69
prod.
rabher
Indunt.
Clay, glars (exc. auto) &
287
other =fp.
132
Nome,. indust. supplies-mfg.
304
Generators, trans. & accea.
360
equip.
comm.
&
2roadca3t
Telephonic equip. & cleo. appal* 481
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Continental
Eurone
;i:Aerst
Vh1.1
175
15
6
598
176
80
49
153
1
315
72
34
16
115
160
55
41
42
15
6
9
53
63
45
25
31
2
48
25
24
22
23
41
31
38
40
U E
P7hare
Value
18
6
1
101
.8
19
1
40
24
24
4
7
15
20
95
7
5
10
1
2
1
9
3
11
.
8
60
4
1
5
21
4
25
4
3
10
Canada
P3hrtre
Volur
22=.
1.3hare
Value
•
0
1
8
2
leo
47
11
3
4
9
3
11
2
2
1
4
18?
42
70
15
107
10
24
20
6
36
3
18
*
33
5
3
*
16
6
155
0
20
36
5
•
1
33
0
1
16
6
22
4
67
17
0
23
74
*
30
37
7
61
143
26
99
71
16
33
2
.
196
51
60
o
o
a
3 •
5
1
11
20
3 •
•
#
.
1
4
1
2
5
2
•
0
0
4
7
0
'•
16
44
23
28
31
26
4
17
39..
4
3
42
18
6
1
3
12
7
2
175
129
259
236
160
47
74
77
93
60
68
9
15
74
86
25
38
7
19
22
78
a
45
3
20
28
*
* 22
1
5
233
17
155
212
278
81
71
74
55
71
14
1
4
27
28
1
4
2
7
7
27
6
49
147
86
10
25
24
38
22
1
1
6
7
8
7
7
2
4
4
11
28
18
148
65
24
11
30
53
14
17
17
14
11
17
20
14
13
22
37
29
11
17
28
6
53
28
2
3
1
1
1
16
2
14
4
6
8
1
4
1
1
2
10
2
84
44
593
192
102
51
68
76
28
114
83
43
27
68
58
61
62
50
52
58
71 •
83
15
10
41 .
18
12
2
77
8
3
8
6
5
5
7
2
16
10
17
5
3
97
107
235
120
52
25
/.
- ..
12
39
13
49
66
27
36
31
Z5
n
7'
...
2
1
12
9
3
3
8
12
3
4
34
. 12
14
29
22
16
15
42
5
9
1
1
3
12
1
1
104
59
40
45
67
81
43
65
9
3
7
4
6
4
7
6
43
11
46
20
28
15
50
29
15
9
8
37
29
5
7
3
10
6
106
30
77
61
133
37
23
25
17
28
,8
8
18
13
23
3
6
6
4
5
186
93
157
253
320
64
70
52
70
67
17
7
11
15
21
6
5
4
4
4
84
32
136
92
140
29
24
45
26
29
38
54
149
117
45
10
31
44
46
15
15
25
54
58
14
'4
14
16
23
5
118
45
14
43
115
76 :,
2
71
94
126
28
8
34
24
32
11
6
24
39
46
4
23
11
10
12
25
18
335
77
63
31
28
19
11
74
53
13
11
23
38
38
21
13
23
46
33
3
2
55
22
13
6
9
3
2
7
11
53
29
22
12
34
40
24
17
57
46
54
142
135
20
35
18
39
28
38
74
1
23
*
•
1
2
6
0
1
6
16
*
126
20
1
56
3
6
23
26
47
0
31
21
a
2
43
24
6
33
lt
45
29
3
2
2
*
0
5
19
a
5e4
18
9
235
0
38
61
a,
1
31
8
28
1
27
132
2
.3
55
70
94
67
78
48
71
4
3
77
1
33
27
0
331
82
16
1,023
238
126
64
391
33
22
18
31
44
16
12
71
2
72
1,2
73
10
14
.77
67
19
14
10
60
31
20
40
24
467
2
97.
140
1
9
21
1
20
10
3
6
3
15
24
17
14
10
25
9
19
27
4
8
854
l'a
46
119
25
47
1)2
92
7
66
173
43
14
175
69
79
25
29
5
9
16
33
27
9
0
109
31
1
222
28
5
11
16
6
153
19
20
7
125
35
34
29
4
1
53
34
.
5
2
0
1
2
1
1
.
12
1
*
2
3
1
5
111
90
56
309
294
97
84
72
2
4
13
9
9
12
1
37
5
14
6
21
25
10
1
4.
8
15
o
(or
V,,,-
28
33
25
90
66
71
32
80
62
90
39
65
79
62
77
54
77
69
29
10
8
102
26
22
3
182
2
92
16
29
18
49
5
1
9
16
o
Australia,
N.Z..
--2.1=1-12
Irs1w.
Sub-total:
Uhjor Induatrial
Countrlfln
Value
%:1,1ro
I
s
•
U.S. Exports by End-Use Category and Geographical Area, 1965
($ mil. and %)
Continental
Eurone
.
CCt!AODITT
j=21
.:
.71c2
..
r..-",..
2100
2101
2103
:104
2110
2111
2112
2113
2114
2113
2116
2117
1115
:1:0
21:1
2122
2123
:1:4
2200
2111
2262
Z210.
2.2:0
2221
:AV
3261
3002
3:10
3100
„i1C1
45(0
4201
4:02
4003
4004
1.565
410
4:00
4110
4111
4112
4113
4114
Drilliaj & oil fl^li equip.
180
It_a6n.7 & 0:1 prooesniag equip.
105
Ex:avntln.: t pav5n4 mach.
592
?k,Ifnrm tr.., parts
4)1
Fc,er cener. ma:hi:I:Ty
430
?oil:a,: rill -r.h,, parts
55
98x75. tools t rptal werking
335
Ini, textile rewin. & shoo mach.
174
Epee. Indus. =soh.
460
Air cond, t refri,:. & cent. heat.
167
54.rs-lr1a7, lest. & cont. inst.
375
/t0.:,rinls 1.l11ac equip.
153
Ot!
,
,r ro,,l,c. in.:,:st. mach.
609
77,:5ors - farm & ord,n
215
Ct!•,:r a;ric. na,h.
219
Bus. rn:1-.irs
542
S:ientlf:c, pref., red. equip.
151
!2., t.x,ls for photo & other eery. 208
17,1,
Civ. tire. complete
478
Ports c:v, t m11. sire.
543
I'ln;:in
,
s for civ. rim.
57
railway tranzp. cvlp.
139
Ps:
-..:-r t car.:o vessels
11
scels, misc. veh.
CM'r co=ore. v,
17
rntn, carA, co,p1,to & nancm.
257
Cnnsser, pass. cars - new
136
tct:i p.:s. cars
10
Trtc1,1, 1,5,5, spec. vch.
536
Parts for autom. scremb.
867
Farts fcr rvplocemsnt, ser. equip.
323 .
Elec, ho=ehold or.pliances
197
Rai., phono, tni, roc., records
90
Wn,lec. coo6n4 & tratin,.;
106
Clocks, watch. & jewelry
77
Ton, isr‘ert. & nms,nt equip.
92
?r (rum., cnmerns, mus. inst.)
128
Ctl,
11..- .,.:g. 11,xia, etx.
47
Cons. tex, prod. ex. ruze
137
Footwear, lu,.:[:c..-,?., apparel
31
,
r printed mat.
225
Pop.,,,, .s.7., oth
0iars, cic., tohacco
123
Medic. & pharm. prvpar.
332
Cthers (coaretics, notions)
157
'
TOTAL, ALL CATEGORIES
1/
27,521
12
14
25
12
23
16
25
25
23
27
34
16
19
11
22
15
150
51
101
9
93
43
106
45
123
25
158
24
17
195
47
66
164
240
23
16
1
1
56
20
2
17
54
39
36
25
13
39
20
37
19
57
8
23
47
82
41
36
31
32
34
44
40
11
9
6
22
15
20
5
6
12
13
25
12
51
22
29
40
30
26
10
38
25
26
7,615
28
a
Canada
Ya3 _112_
,
U.K.
12
3
24
14
12
1
40
19
30
6
42
5
44
15
4
83
10
22
18
25
3
.
0
.
1
.
.
1
13
8
3
9
4
13
4
6
2
1
23
1
14
7
7
3
4
3
3
2
10
11
6
4
11
3
5
7
2
16
7
11
4
5
5
.
0
.
.
*
.
.
2
2
1
9
4
17
4
5
4
3
3
10
1
4
4
23
29
134
873
97
8
103
32
116
40
80
51
2213
112
130
93
45
49
20
75
3
26
.
4
113
1
1
33
622
93
54
19
45
10
27
A.
2
22
8
105
2
27
23
1,643
6
5,657
5
Japan
y!illi,
%Chnro
16
28
23
20
23
14
27
18
.25
24
21
33
23
52
59
18
30
24.
4
14
5
19
.
23
44
1
10
11
72
29
27
19
42
13
29
34
4
12
26
47
2
8
18
4
Pest of 1or:1
Vr1.1,
37
46
53
36
54
56
70
56
58
57
72
55
57
71
69
82
72
70
55
74
63
31
9
29
70
15
30
17
80
44
50
56
62
84
67
70
• 60
46
58
72
42
42
55
9
14
53
49
23
14
27
8
32
8
24
11
40
23
17
3?
8
9
104
46
5
19
.
1
3
41
.
24
25
17
9
2
5
2
4
9
*
9
1
18
3
17
9
30
0
7
3
5
4
2
5
2
4
7
o
5
3
8
2
5
6
15:
43
224
225
16:1
10
83
48
151
64
60
54
306
40
50
62
:4
54
150
95
15
77
10
11
74
74
7
255
144
164
e)
41
35
10.
26
30
19
92
12
4:
6.33
176
61
62
1,368
5
1
1
1
1
5
24
7
2
4
2
6
2
4
.
.
11
8
2
1
11
2
16
11
4
13
11
14
1
0
.
4
.
*
.
.
1
3
3
4
4
12
2
11
1
3
5
2
5
7
66
48
313
156
234
31
270
98
269
95
271
84
463
152
152
442
109
145
264
401
37
43
1
5
180
21
3
56
(08
142
99
56
66
65
62
09.
28
66
18
162
52
139
87
2,084
7
16,989
5
21
ro.Africa
yal,c
%:::-..nr,
,
5
3
24
13
29
4
17
4
21
3
33
1
1
61
7
62
61
8
1
0
.
10
*
*
.
4
2
6
3
4
.3
11
2
2
rub-total:
Phjor Industrial
Countries
Vol,
7:':'
,
r,
5
Auitrolia,
•
5
13
9
11
7
25
7
5
7
5
6
7
5
11
8
7
:
4
22
C
9
14
0
6
1
9.1S4
Export totals include military exports (End-Use Category 5000) for whioh no geographical break is available, minimum value shipments, and re-espt,rts.
N.R.C. indicates not elsewhere classified.
• Indicates a.ount is less than 8 .5 million or .0051
SOURCE:
d by OAM End-Uee Commodity Categories, 1923-65
Basic data from U.S. Exports and Importm Clet3mifi,
(OBS-S)? 70-01), Dept. of Commerce
Note:
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Federal Reserve Bank of St. Louis
Due to rounding and derivation procedures, 'Major Industrial Countries" and
"Rest of "orld" values may be off by as much as $2 million in a few cases. Other
values are within $.5 million of actual.
•
OASIA. August 19. 1q71
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UN 17
L:c
(1.*):!:ou9h;
,, Petty)
.7r,
`..;(2c.
,
20,
1/.:11rit T1=,cas in Solcctc:
AttaccCi .1:7 a cmplete reor'c on Larket Trends in
cminoJitie
Selecte6 ColloJes". It ic:intifics tho:
trade dur:ino
intnational
in
raid:I.y
which . have rown most
U.S. exports
gyowth
0j2f
the
conpres
the lest few ycar:-=';, and
as a who.
market
the
of
of thes2 coities with the growth
Project
nesearch
This is tho firt major 17:,ortion of the Trade
to be finajized.
T1-1 docunt was prelDareca by jon Caaserlid, David Klock
z2.nd RoL:ert Lrown. If you have any questions, please con acct
them on Extension 2680.
Attachmnt as state6
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Federal Reserve Bank of St. Louis
•
pate:
Fn:
Wilson
e
n.
Augilf-;
19, 177:
STTI,:nr-C=ALLY
flecret;lry P(tty)
SchrH(t
1Re circh Project; Mar):et Trencis in Selected
CorloCtitics
Ittached is a clete report on "1;arket Trends in Selected
Commodities." It iCentifies those co=odities which have grown
nost rapicUy in international tracle during the last few years,
.1,rc.,:th of U. S. exports of those commoditir,s
and compares the (
of
the market as a whole.
growth
with the
This is the first major portion of the Trade Research Project
to he finalized. I will forward additional results to you today
and tomorrow.
•,_
Attachment
minlr
•,-
._
-
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Federal Reserve Bank of St. Louis
R;:VIMEJ
Rmowor
Revic '. ,.ier 1
Treas
Proje(
PP.-6
9/19/72
COODITTr5
(Tice Project -- ).eport of Group 1)
Purnos
Ant$cH.
The purpose of this study is to identity thoe . ccm,Lodities which have grown most rapiOly in international trade
durng th:, last few yee,rs, and to compare the
growth of U. S. exports of these commodities with the growth
of the mark_et as a whole.
The study also see):s to ascertain
which U. S. exports are concentrated in fast-growing or slowgrowing industries and to select the industries in which the
U. S. has shown above average performance as well as those in
which we are suffer:1:1g
absolute declines in exports.
The data used in the detailed analysis below provide a cjec
appimation of world demand for manufactures.
They encom-
export data from 15 OECD countries on 91 commodities
pass
which account for approximately 80 percent of world exports
of manufactures.1/
The data for non-manufactures are less complete and less
reliable; they cover 63 commodities eportecl from all OECD
countrie, accounting for about 40-45 percent of world exports
, es.
of non-::inuctu::
1/
While these data do show U. S. market
Y:
ef.f(:ct:5 of the U.'.-Cana0j,an %Alto A(2,reement have a
- pasenr:jc:
offoc;: on our export fiues o Z
1 -1j Whun appropriaLe, caveats are inac.)
i.cxt.
in
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- 2 -
••
shares in OECD exports, the U, S. also faces major international
competition in some of the products (e.g., rice, tobacco) from
non-OECD countries.
In the study, we have traced changes in world demand for
OECD and U. S. exports between 1964/65 and 1968/69 using annual
1/
avera4es for each two-year period.
This time span was dic-
tated by data availabilities, since data prior to 1964 are
not completely comparable with those for 1964 and succeeding
years, and data for 1970 will not be available until late 1971.
Major Findings
The major findings of this study are summarized below:
1.
U. S. market shares (i.e., shares of U. S.
exports in total OECD exports of the same commodities)
declined over a wide range of products from their average
level in 1964 and 1965.
Commodity groups in which our
market share declined accounted for nearly 65% of the
value of total U. S. exports in 1963/69.
2.
U. S. exports show a relatively high concen-
tration in the fastest and slowest-growing commodity
groups in OECD trade, and a relatively low concentration in categories with intermediate growth rates.
•
1/
Two-year averages are used to help smooth out any cyclical
or exceptional occurrences in -the data.
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°
3.. In manufactures, our best performers were pro
ducts such as aircrftft and office. machines.
Passenger
cars, combustion engines, as well as tubes, transistors,
and semi-conductors also showed considerable growth,
but the data are distorted because of the effects of
the Canadian Auto Agreement and, possibly, because some
small electronic items may be exported to lbw-labor-cost
countries for assembly and re-export to the U.S.
4.
The relatively high concentration of U.S.
exports in the slowest-growing export categories in
OECD trade results from our large market share in
certain non-manufactures, especially agricultural
products.
5.
Had the U. S. maintained its 1964/65 market
share in 1968/69, U. S. exports in the latter period
would have been over $2 billion higher than they actually
were.
6.
The U. S. demand for imports has been growing
faster than that for the OECD as a whole.
As a result,
the growth rate of total OECD exports includincT exports
to the U. S. exceeded the growth rate of OECD exports
excluding the U. S. market in over three-fourths of the
commodity groups studied.
6
Introduction
•
World exports / grew by 43 percent between the average
for the yec:rs 1964/65 and 1960/69, or by an average annual
r
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Federal Reserve Bank of St. Louis
F 7- t
!: for iootnote.
-4
rate of somewhat over 10 percent per year.
During this
period exports of manufactured goods rose by 56 percent and
exports of non-manufactures by 21 percent.
The following table shows World, OECD and U. S. export
growth in six broad commodity groups from 1964/65 to 1968/69.
TABLE 1
/
The Growth of World Exports31964/65 to 1968/69
(Percentage Growth Rates)
OECD
World
Exports
Exports
TOTAL EXPORTS:
Non-manufactures
Foods
Raw materials excl. fuels
Fuels
Manufactures .
Chemicals
Machinery
Other manufactures
U. S.
Exports
42.8
48.0
34.1
2.1.3
21.7
7.0
16.7
17.1
35.3
. 19.1
21.7
31.7
56.4
58.2
56.7
65.1
48.8
58.5
67.6
49.0
.-0.213.8
17.7
47.9
•
39.8
59.3
29.5.
1/
The summary data in the Introduction showing World, OECD and
U. S. exports are abstracted from U.N. statistics on world
trade as published in the March issue of the ;Lionthly Bulleti.
of Statistics and arranged by six very broad commodity class iications such as foods, machinery, or other manufactures.
Because these data are not readily available on a more disaggregated basis, the data on individual commodities in thcfollowing sections of the paper refer only to OECD. countries
rather than to the world, as a whole.
2/
The commodity breakdowns in the table comprise the followi„
1-digit SITC categories: Food, 0 and 1; Raw Materials, 2
and 4; Fuel, 3; Chemicals, 5; !,lachinery, 7; Other Manufactures, 6 and 3. Specific items within each category ar,,
listed in Tables 4, 5, 6, and 7. SITC category 9, a small
and heterogeneous grou:) of commodities and transactions not
classified according to kind and containing such items as
arms and a=unition, coins, postal packages and special
transact lens was excluAc,a because it is so unrelated to
demand trends as to be largely irrelevant.
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Federal Reserve Bank of St. Louis
-5
WM.
The table indicates that while U. S. exports have grown
more slowly than the world average in major commodity groupings, exports of the OECD countries as a whole have grown
faster than the world average.
Based on these highly aggro-
gative data, the U. S. has been losing out across the board
since the mid-1960's in comparison with our major competitors
in world trade.
The slower growth rate of U. S. exports relative to
world exports can also be shown by the declining U. S. share
of total world exports of these commodities between 1964/65
and 1968/69 .(Table 2).
TABLE 2
U. S. Market Share of World Exports
1964/6 5 and 1968/69
(percentage)
1964/65
1968/69
14.9
14.0
Non -manufactures
Foods
Raw materials excl. fuels
Fuels
12.2
10.8
14.9
13.8
5.3
12.7
13.4
4.6
Manufactures
16,4
15.5
20.6
22.4
10.1
18.4
21.6
8.8
TOTAL WORLD EXPORTS
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Federal Reserve Bank of St. Louis
Chemicals
Machinery
Other manufactures
-6-.
is
In Table 3 below, the U. S. market share of OECD exports
treated similarly.
TABLE 3
U. S. Market Share of OECD Exports
1964/65 and 1968/69
(Percentage)
1964/65
1968/69
TOTAL OECD EXPORTS
22.8
20.6
Non-manufactures
28.6
25.2
29.7
29.4
22.6
24.9
27.5
20.2
20.2
24.0
26.2
13.3
18.9
21.2
25.9
11.6
Foods
Raw materials excl. fuels
Fuels
Manufactures
Chemicals
Machinery
Other Manufactures
Data Series Used
The remainder of this paper is devoted to an examination
of OECD and U. S. exports using data taken from OECD and U.S.
Dept. of Commerce sources./
To obtain a proxy for the growth of world demand for
manufactures we are using data on exports of 91 commodities
1/
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Federal Reserve Bank of St. Louis
Data on non-manufactures were taken from the OECD publication :Itati!;ticf-; of Forelon Trade, Series C "Trade by
bc CcAecu Dept. data cover only manuCo;oitc;.
facturer; from 15 Oi:CD countries and are furnished to
Cc.....lerce on a contract basis by the U.N. Statistical
Office.
from 15—
mCD countries, which account for approximately
80 percent of world exports of manufactures.
To obtain a
proxy for world growth in demand for non-manufactures we
are using data covering exports of 63 commodities from all
OECD countries.
Such exports account for 40-45 percent of
/
world exports of non-manufactures.a
Data on OECD exports
are available both including and excluding the U. S. market.
To capture the market in which U. S. exports actually compete,
we have concentrated on the growth of OECD exports excluding
exports to the U.S.
As already noted, the data on manufactures are a good
approximation
of total world trade.
The data on non-
manufactures are reliable insofar as they pertain to OECD
export trade, but are subject to limitations because some
major U. S. exports (e.g., rice and tobacco) face major competition from non-OECD producers.
The study did not attempt to deal with the possible impact on U. S. exports of such factors as availability of AID
or Eximbank financing.
I/
2/
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Federal Reserve Bank of St. Louis
Such adjustments of U. S. export data
U.S. .Canada, Japan, U.K., Belg/Lux, Netherlands, France,
Germany, Italy, Norway, Sweden, Denmark, Austria, Switzerlan:
(Belgium and Lu;:embourg are treated as one country in the
Commerce Dept. data.)
OflCD exports of non-manufactures are used because, while
they embrace only 40-7;5 percent of total trade in nonmanufactures, they contain 100 percent of U.S. exports
and thus allow us to ea:line 01:CD and U. S. exports of
non-manufactures on a comparable basis with exports of
manufactures.
y of
were not considered useful in view of the impossibilit
data.
making similar adjustments to the global OECD export
fied
The commodity data used in this study are classi
fication
according to the Standard International Trade Classi
system
(SITC) system, which is the standard classification
for Internationally traded goods.
LEADING CMIMODITIES IN OECD EXPORT TRTIDE
Trade
The Criterion for Leading Commodities in OECD Export
The criterion used to determine whether a commodity quailexport
rade was whether it fell
OECD/t
in
ity
commod
g
leadin
a
Lied as
ranked
within the top two-thirds of all commodity groups when
OECD
by both dollar value in 1968/69 and percentage growth of
exports between 1964/65 to 1968/69.
manufactures were ranked separately.
Manufactures and nonForty-six of the 91 ,
categories of manufactures and 29 of the 63 categories of
non-manufactures met this criterion.
•
The criterion was selected in order to identify high
growth commodities which also hold out some prospect for
meaningful future gains in terms of dollar value.
There is,
of course, no assurance that any current high growth commodity
(for example, commercial aircraft) will co;Ainue to demonstrate
the same high rate of export growth in the future.
The 1oA0incl Cr:.1.-ndities in OnCD Export Trade
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Federal Reserve Bank of St. Louis
The cate(jories of manufactures and non-manufactures
_ 9
which meet the top two-thirds criterion set out above are
•
shown in T3bles 4 and 5 below. The tables also show U. S.
export performance in these commodities as measured by the
average dollar value for the years 1964/65 and 1968/69,
absolute and percentacje growth between 1964/65 and 1968/69,
and the U. S. market share of total OECD exports of these
commodities in 1964/65 and 1968/69.
The 46 categories of manufactured goods meeting the top
two-thirds criterion accounted for 54 percent of the value
of total OECD exports in 1968/69.
The 29 categories of
non-manufactures meeting this criterion accounted for 14
percent of the dollar value of total OECD exports.
U. S. "WINNERS" AND LOSERS" IN INTERNATIONAL TRADE
U. S. "Winners"
categories
Tables 6 and 7 on pages 12 and 13 show those
ly in which
of manufactures and non -manufactures respective
OECD exthe U. S. has increased its market share of total
ports between 1964/65 and 1968/69.
Manufactures
Of the 21 categories in which the U. S. market
14
share increased,
satisfied the "top two-thirds"
Table 4 by an
criterion set out above, and are identified in
asterisk next to their 1968/69 market share.
of these
14
conlmodities totalled $9.2 billion in 1968/69,
accounting for 25
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Federal Reserve Bank of St. Louis
U. S. exports
of the total value of U. S. exports for
(0cce.: in To
Lendin.
dtrIin 017.C3 Trnde
,C
657. ot 195,6/59 Averc3c 11olinr valueo (in 3 Millions) and
Crowt.h o: 0:10 Export: Since 1964/65)
Y.Asz".77"71::FS
TC:sAL 0C22D EXi07.73 1/
7n1%:e in
va,,..e 1;t
r,4 /65
v-,,,,,,
4Pfr.1
512 Orrl:c Chc-.icals
Chr!n.
513.4.G
1981
191
7S9
1043
1613
• 3217
147 3
1157
1552
2092
5''. 0:'r C''
-,
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•
65:.5..7 Y.--.1-1,-.. Y,..rn
553.5..5 :'1-,,,.
. C:cZh
F...2.3 ;..-7
,!
.,:criels, etc.
67 :ru-. 1:c,
..1 F1t1Illcs
1167
912
941
761
1044
1750
1525
1414
1120
1501
67.2 C.:7.7er
!,1 4
mi,..;racture: 2/
7:1.4
711.5 Cc-1'..I.E..ig1r.cn, ex
1147
299
1050
515
1101
7.
Chrnr,!
Vil1tic in
64/65
U.S. DtP0775
trult.;.2 .t.n
"nninr,e.
61/69
V 't
1•1,V.X.:T.:J.A.7tS
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65.15
4/.64
45.64
52.03
79.19
640
291
. 92
203
413
877
433
122
256
590
237
135
30
53
177
37.23
43.30
32.61
27.33
42.85
5P3
624
47)
339
4.57
49.95
58.42
50.27
43.41
43.77
335
125
112
17.4
144
443
100
105
140
195
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12
31
32.24
-20.00
.- 5.26
9.33
35.42
1753
1311
1907
734
1710
636
512
257
259
839
51.33
64.03
01.52
52.23
55.31
261
159
95
251
352
282
242
228
222
630
21
83
133
121
213
7:1.4 C..),..:r.,et:on 6. X:ning Mach.
7:7.1 1:6 Cooliril Ecutp7.ent
512
485
1.117
941
925
1312
946
1642
1393
1502
660
450
525
452
577
101.23
94.65
42.00
472.03
62.33
255.
178
176
483
235
499
400
179
545
440
244
202
3
57
154
711.2 7%,-71 6 Ci.-ntr175
719.3 X.
,.11:-.r.1 :..,
.:15ni: Equ1p.
7i7.5 Fe...ered Tcci:
,,-E:c:Cric Y.ach. 2/
71x (Ah,r N,
7:2 Z1ec.7.....er.Mach. 6 c."enr
1047
567
455
2491
1540
1558
1402
684
3130
2256
511
435
219
1439
715
51.36
1.4.98
47.10
57.77
43.65
296
360
123
555
414
504
497
183
344
546
724.1..2 r.7 6 71:!;110 Rcee'ver3
72.4.9 0:her :el Ar.pitr3t,.::
725 5.-r-est1c Electric Ap;linn....
727.3 E1ec.7..fnel, 7:r:rt.:In:ors
729.5 E:cct. ?.",
..a......lr1n3,Contro1.In5t.
461
1259
647
429
57.0
743
1055
970
277
335
287
546
323
443
315
62.26
42.37
49.92
104.43
50.53
44
331
114
124
217
722'. tnztcr., 5...;lbs. 1'1I:c.Elee.A2par.2/
722.1. .6 Pas..cr17.er Car:
722.3. .5 Tr...:c1,5 6 7c.1d Tr:ctors
7:2X 7o.,!. r,
,tor '.'th1c1e Partet
734 Atrcroft
1117
3247
1173
2731
1691
1603
5479
1753
1.503
3279
435
2132
590
1877
1533
43.51
63.70
50.30
63.73
93.91
735.3 511;71. Boat:, exc. Wzrship:
821 Tvrriture
8'.1 C2oc1nz cxc. F,
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oth.7o:ton1'ict.Egutp.
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1521
364
1473
352
903
2599
702
2379
535
1244
973
323
925
203
441
346
277
724
290
387
607
594
1104
571
592
1653
2652
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Aircraft
714.2..3. C,
),7,.7,
:tnc.1lchtne:
714x, C:hcr Otrice Michinel 21
252 rhe:.4 Xor.?:ct. Slits
891.1 1'hon..Se-.:rd Rccord..712rod.
22.2 7r5e3e4 Mazter
873 Arrfc:i!,,
,f 71a:cle Mnteriols
634 s;orz.ct-....ds,Tcy2.Corncs
EX 0:her 1-Isc.1.11.2.. Article: 2/
^
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Federal Reserve Bank of St. Louis
1221
47;2
368
004
1279 ,
8.05
52.20
140.00
52.19
74.03
5t./'.
64/!:t
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32.19
20.07
-11.55
19.::5
25.50
25.50
:9.40
10.54
15.10
20.40
1
22.21 • 25.31
6.51
13.71
11.70
7.50
16.39
12.50
13.79
12.39
22.76
19.0
9.05
43.74
32.88
16.07
13.45
11.1 5*
43.72
25.1f.*
95.59
102.02
1.70
11.63
53.85
3v.11
40.74
15.75
51.1:5
30.92
10.90
32.12
29.29
203
137
58
279
132
70.27
23.05
44.62
52.07
31.88
23.27
37.23
27.96
27.2$
25.24
30.40*
35.45
27.49
11.48
23.17
73
504
123
357
331
29
173
12
733
114
65.91,
52.27
10.53
187.90
52.53
9.54
25.29
:7.62
22.50
41.73
9.75*
27.92*
12.97
40.71"
3/.64
300
330
342
1242
1005
356
1003
452
2124
2265
55
623
110
832
1251
18.67
163.95
32.16
71.01
135.42
26.65
11.35
22.I6
45.43
59.43
22.21
13.31**
25.54
45.09*
72.16.
60.33
92.86
61.51
80.40
48.84
23
44
151
92
277
35
54
205
163
457
13'
10
44
75
1E0
56.52
22.73
27.33
82.61
64.98
1.42
1.2.09
10.13
26.14
30.63
1.35
7.59
8.52
25.:.
34.00*
25I
317
220
281
205
75.43
114.44
52.49
96.90
52.97
117
' 57
213
59
60
215
'123
302
107
122
99
66
89
43
32
84.62
115.79
41.73
81.36
35.55
33.32
20.55
29.42
20.34
23.26
35.58*
25.71'
27.25
16.74
20.t,1
1004
50.55
209
238
79
37.20
12.61
10.82
U.S. :Tzrket s'narc has ircrcascd.
•
Y.S.
70o(11tics
Iist
lp,t. 01l.ttrCOU of T1'1. Cr:TrIrrcr, CrImpntrr rrintollt rntit:f'd
Fp0sIN 0! N.100 1.-..t:01 10 W0.1.1
r,,, 16 f:..7-;•11,,
ro
3e.03
1
C-.
0
- 10a. Commodities Included in
Miscellaneous Catcories of Mnnufacturcs
541X
541.1
541.4
541.6
541.7
541.9
5X
.521.1
521.3
553
571
599.5
599.6
599.7
599.9
Other chemicals include:
Mineral tar
Ammoniacal gas liquors produced in gas purific
Perfumery, cosmetics, dentifrices, etc.
Explosives and pyrotechnic products
_Starches, insulin, gluten, albumen, substances,
glues
Wood & resin -based chemical products
Organic chemical products, n.e.s.
Chemical products & preparations, n.e.s.
666
667
Other manufactures include:
Manufactures of leather or of artificial or
reconstructed leather .
Fur skins, tanned or dressed, including dyed
Veneers, plywood boards & other wood, worked,
n.e.s.
Pottery
Pearls and precious & semi-precious stones
714.1
714.9
Other office machines include:
Typewriters and check -writing machines
Office machines, n.e.s.
6X
612
613
631
714X
71X
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other pharmc,c,:mticals include:
Vitamins !-:,.rovitamins
iklkaloidof opium, cocaine, caffein,
quinine, etc.
Glycosides, glands & extracts, sera, vaccines
Medicaments
Pharmaceutical goods
717.2
718.3
719.4
719.6
719.8
719.9
Other non-electric machinery includes:
Machinery, excluding steering machinery,
for working hides etc.
Food processing machines excluding domestic
Domestic appliances, non -electrical
Other non -electric machines
Machinery And mechanical appliances, n.e.s.
Parts and accessories of machinery, n.e.s.
_
10b t•
72X
726
729.1
729.6
729.7
729.9
8X
831
842
851
863
864
891.2
891.4
891.8
891.9
896
899
Batteries, bulbs & miscellaneous electrical
apparatus include:
Electrical apparatus for medical purposes
& radiological apparatus
Batteries & accumulators
Electro-mechanical hand tools
Electron & proton accelerators
Electrical machinery & apparatus, n.e.s.
Other miscellaneouS manufactured articles
include:
Travel goods, handbags and similar articles
Fur clothing and articles of artificial fur
Footwear
Developed cinematographic film
Watches and clocks
Phonograph records, recorded tapes, other
sound recordings
Pianos and other string musical instruments
Musical instruments, n.e.s.
Parts & accessories of musical instruments
Works of art, collectors pieces & antiques
Manufactured articles, n.e.s.
n.e.s. = not elsewhere specified
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TAlLE 5
6
(in $ Millions) and
.1V68/69 Avcr3F,c 2011ar Values
(Coods in Top 667. 61
65)
1964/
Since
s
Eort
Growth of OECD
•
.
YON-YAVTACTS
TOTAL OZCD F.XPORTS 1/
Value in
Value in
Chinr.e
4/69
64/55
C31
811
013
0:2
024
Llve Ar1-lls
11-rt. rre-.h, Frozen
v,,z. Cn-n,,J, 101 EIse.Shown
xl:;,. ard Crcln
"
Cneese and Curd
0:2
C42
043
951
053
rIsh,Ccnned, Not Elac.Shoun
:).:er:
Crreal, Frult ircpnrations
Frui1, Nu1n/011 Nuts
7r.;:t. Prcs."rvcd
7.
C1-1.1p.e
U.S. EXPORTS
Val'oc in
Vale 1.11
62/49
64/65
U.C.
C1-finTIP
578
319
211
419
313
651
1196
241
612
457
83
377
50
113
144
14.35
46.03
23.70
22.45
46.01
36
143
15
144
4
44
153
12
99
4
8
10
-3
-45
:
246
251
242
905
262
.312
434
363
1070
324
46
225
101
155
62
17.29
86.87
38.55
18.23
23.66
27
225
43
155
120
23
343
63
174
114
-4
123
20
19
-6
71.51*
3.4.s7
37.3.:*
Sr:.f..7'
35.AO
74
23
46
33
50
33.94
59.57
79.31
15.07
71.43
24.04
9.5
16.16
52.44
18.57
22.69
Ic.19.
19.59*
49.0,
59
7
25
40
50.S2
12.73
6.04
148.15
584
218
235
737
412
393
123
101
659
184
532
159
138
871
173
134
31
37
212
-11
Pulp. %....)::::e Paper
Synthet:c Ftbern
Othcr Cr.,:dc Xincrols 2/
Iron, Steel Scrap
Non -Iron Ores.
907
477
359
416
377
1287
736
531
514
723
380
259
172
98
346
41.90
54.30
47.91
23.56
91.73
218
47
58
219
*70
292
75
104
252
120
284 Nen-Ircn Scrap
292 Crude Vegaterialn.e.s.
332 ictre1e..= Froducts
ed
341 005, Natural, Xanufactur
209
402
2229
72
503
571
2894
211
194
119
665
139
62.78
29.60
29.63
193.06
97
55
414
27
156
62
439
67
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14.C1
6:1.15
42.95
35.44
33.74
4...(.(.
27.40
53.02
29.82
27.70
17.96
ho 3 increased.
3 in which U.S. market shore
* Inc0c5 cor-.-7oitic
if Excludes cx7,orts to U.S.
ditics.
7
for list of included commo
Commodities", various
k/ See following p:;ge
.n Trade, Series C, "Trade by
7oreir
of
OZCD, Statisticn
Source: t.lsic data from
15.26
35.19
33.67
24.22
36.63
32.17
-5.96
160
.
17.13
45..1'0
;
,
1:'.:'
744
455
370
1005
45
• 251
265
276
22:2
233
7.37
44.:5*
27.5fs*
22
-L,
145
32
6
35
218
74
10.15
41.C1
24.35
134
32
339
70
15
153
-14.e.1
54.47
46.51
12.26
-5.00
59.43
84.21
112
33
244
38
9
121
122
211
72:
ir,.:1
1.23
19.10
24.18
47.74
47.73
62.82
33.99
Tnacco, Unr-nnufactured
Tc'eacco, Xanufacturcd
!Ps, Skir.s/Fur.s
14:,
nr.; ::utn
f;f1
2,t.r,,
lb.62
163
95
234
93
203
0:5
01
C'f':
112
6.66*
6.73
17.45 . :2.79
4.60
7.11
19.64
A17
2V4
879
254
820
,
v-K t?to
.;etab1c1, Canned
'.',
A-1-z: 17c,.- .d
,: Pr(;.4rat1ons, Not E1.s.el.....m.2/
1-.",
Alc:,ollc Bevcrogcs
22.22
4.11
-20.00
-31.25
1
t-sP.,
-1,71
674
199
595
156
612
4
,
.i.
f.4/f.-:
C,-. ,--p*. --..,--
iSSUC3.
31.39
13.63
18.57
37.50
14.E0
31.21
11.40
15.17
31.75
I
y..
,
1-0
!
ha Commodities Included in
Non-Mnnufactures
Miscellnneous Cnteories of
099
099.0(1)
099.0(2)
099.0(3)
099.0(4)
099.0(5)
099.0(6)
099.0(7)
099.0(9)
276
276.1
276.2
276.2(1)
276.2(2)
276.2(3)
276.2(4)
276.3
276.4
276.5
276.5(1).
276.5(2)
276.5(3)
276.5(4)
276.6
276.6(1)
276.6(2)
276.9
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
276.9(1)
276.9(2)
276.9(3)
276.9(4)
276.9(5)
276.9(6)
276.9(7)
276.9(9)
Food preparations, n.e.s.
etc.
Roasted coffee substitutes,
ates of
Extracts, essences or concentr
tea or mate, etc.
mustard
Mustard flour and prepared
Sauces; mixed seasonings
Soups and broths
tive)and
Natural yeasts (active and inac
prepared baking powders
vinegar
Vinegar and substitutes for
preparations
Other miscellaneous food
Other crude materials include:
men
Natural asphalt and natural bitu
rals, n.e. s.
Clay and other refractory mine
rials, n.e.s.
Clay and similar refractory mate
Natural graphite
Dolomite
Magnesite
il sale,
Salt (including salt put up for reta
salt liquors and sea water)
crude, washed or ground (including
Asbestos,
asbestos waste)
lite and
Quartz, mica, felspar, fluorspar, cryo
chiolite
Natural quartz and quartzite
e)
Mica (including splittings and wast
Cryolite and chiolite, natural
Felspar, fluorspar, etc.
e, n.e.
Slag, dross, scalings and similar wast
e
Slag, dross, scalings and similar wast
l
stee
from the manufacture of iron or
Slag and ash, n.e.s. (including kelp) ,
Minerals, crude, n.e.s.
Chalk
Earth colours, etc.
barium
Natural barium sulphate and natural
carbonate
Meerschaum, amber, jet
Natural steatite; talc
Natural arsenic sulphides
Crude natural borates
Mineral substances, n.c.s
TABLE 6
U.S. Exports of Manufactures in which U.S. Market Share Increased
($ Millions)
SITC# Nomenclature
Value in
1964/5
Value in
1968/9
Change
Change
U.S. market share
68/69
64/65
561
641.2
,641.3
652
671,2
Fertilizers, mfd.
Paper ex. newsprint
Kraft paper & paperboard
Cotton fabrics, woven
Pig iron, ingots, etc.
145
31
127
119
97
242
57
233
106
172
97
26
106
-13
75
66.90
83.87
83.46
-10.92
77.32
18.33
11.27
41.91
13.21
12.20
25.35
11.39
47.55
13.32
15.45
673.2
694
6X
711.5
714X
Iron & steel bars & rods
Nails, screws, etc.
Other basic manufactures
Combust. eng. ex. aircraft
Other office machines
38
38
95
362
198
48
64
228
630
400
10
26
133
268
202
26.32
68.42
140.00
74.03
102.02
6.15
20.54
9.05
32.88
40.74
6.58
23.53
11.96
36.84
42.28
719.2
724.1,.2
724.9
729.3
Pumps & centrifuges
TV & radio receivers
Other telecommunications appar.
Tubes. transistors, semiconductors
296
44
331
124
504
73
504
357
208
29
173
233
70.27
65.91
52.27
187.90
28.27
9.54
26.29
28.90
30.40
9.76
27.97
40.71
732.1,.6
Passenger cars
380-
1,003
623
163.95
11.35
1.31
732X
734
861.4-6
861X
862
Road Motor Vehicle parts
Aircraft
Motion picture equip.
Scien. optical instruments
Photo. mot. pic. supplies
1,242
1,005
92
277
117
2,124
2,366
168
457
216
882
1,361
76
180
99
71.01
135.42
82.61
64.98
84.62
45.48
59.43
26.14
30.68
33.82
46.09
72.16
26.46
34.00
35.58
891.1
Phon., Sound Record., reprod.
57
123
66
115.79
20.58
20.71
Source:
Basic data from U.S. Dept. of Commerce,-Bureau of Int'l. Commerce, Computer printout
entitled: "U. S. Shares of Total Exports of Manufactures to World Excluding Exports
to U. S. From 14 Supplier Countries 1962-69".
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i--,
N)
1
TABLE 7
which U.S. Market. Share
U.S. Ex7orts of Non-manuEactures in
($ Millions)
OECD Ex orts Increased
Change.
U.S. market share
68/69
64/65
12
8
3
30
20
1
22.22
21.43
157.89
46.51
9.09
6.23
. 4.68
3.49
16.41
4.09
6.66
5.59
8.49
17.36
5.45
3
244
33
9
393
4
389
70
15
532
1
145
32
6
134
33.33
59.43
84.21
66.67
33.67
21 ..43
41.01
24.36
1.47
68.15
22.22
44.25
27.56
1..83
71.51
Hides, skinilfurs
Oil seeds and nuts
Vool, hair
Synthetic fibers
Fertilizers, crude
101
659
11 .
47
63
138
871
14
75
93
37
212
3
28
35
36.63
32.17
27.27
59.57
55.56
35.44
83.74
2.26
9.85
38.73
37.30
86.67
3.43
10.19
94.93
Other crude minerals
Coal, coke, briquettes
Other fixed veg. oil
58
434
11
104
580
17
46
96
6
79.31
19.83
54.55
16.16
36.81
19.30
19.59
42.87
20.43
Value in
1964/5
Value in
1963/9
S 7T
..,cmenclature
001
Live animals
dricd, salted
frch. prend.
Cr,r^al, fruit, preps.
36
14
lc)
43
44
17
49
63
061
Sugar, honey
11
075
01
Oc--9
1:2
121
ST:ices
Al-.imal feed
Food preps.nes.
Alcoholic bevs.
Tobacco, un7.-.anufactured
211
221
'7E,-;
._
266
271
-275
321
422
Source:
70
Change
Basic data from OECD, Statistics of Foreign Trade, Series cirade by Commodities",
various issues.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 14 those two years.
912 of the
These 14 also accounted for
in
($10.1 billion in 1968/69)
total value of commodities
sed.
which our market share increa
the degree to which U. S.
The above results overstate
kets.
sfully in international mar
goods are competing succes
re increased
s in which the U. S. sha
For example, two categorie
d Motor
(SITC 4J732.l, .6), and Roa
-- namely, Passenger Cars
distorted
-- have been seriously
2X)
473
TC
(SI
ts
Par
e
icl
Veh
tortion
Auto Agreement. This dis
an
adi
Can
the
of
s
ect
eff
by the
effects
27. Adjustment for these
is discussed further on page
ermined
U. S. competitively - det
would reveal a decline in the
ue
de and would reduce the val
market share in automotive tra
$9.2
over $3 billion, (i.e. from
of the "winners" group by
ilarly, the increase in the
billion to $6 billion). Sim
bably
Transistors (SITC 4729.3) pro
and
es
Tub
on
ctr
Ele
ry
ego
cat
to the growth of U. S.-owned
was at least partly related
g Kong
Korea, Taiwain, Ireland, Hon
assembly plants abroad, (e.g.
U. S. as well as to foreign
many of which re-export to the
markets.
Non -Manufactures
S. increased its market share
As shown in Table 7, the U.
es
-manufactures. The commoditi
in 18 of 63 categories of non
•
1/
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o Agreement, the import
In the case of the Canadian Aut
r significance. The 7%greeside has alo hen of particula
The net bilateral balance
iwnt 1an,o effective in 1965.
o proclucts went from a sur(exports minus im1:17t.:;) in aut
millicn
5 to a deficit of $496
))lus of ;',578 million in l96 4/6
jt:
-fifth of the total $5 hill
in 196V60, a swing equal to one
- 15 ed as
in which we gained market share and which also qualifi
percent
"leading commodities in 012CD trade" accounted for 6.3
ies of
of total U. S. exports in 1968/69 while all categor
accounted
non-manufactures in which we increased market share
for 8.5 percent of total U. S. exports.
One of the largest
ed its
individual categories—coal, coke, briquettes-- increas
to
market share but failed to grow fast enough in OECD trade
warrant its inclusion among the leading exports.
U. S. exports of manufactures and non -manufactures which
grcwfaster than OECD exports of the same commodities during
the period under study accounted for 36.3 percent of total
U. S. exports in 1968/69.
U. S. "Losers"
The U. S. lost market share in commodities accounting
for almost 65 percent of the dollar value of U. S. exports in
1962/69.
Our market share declined in 70 of the 91 categories
e
of manufactures and in 45 of the 63 categories of non-manufactur
Tables 8 and 9 on pages 16 and 17 show those U. S. exoortsof manufactures and non -manufactures which actually declined
in absolute dollar value from 1964/65 to 1968/69.
The 12
manufactures and 23 non-manufactures listed comprise 3.8 and
8.8 percent respectively of the total dollar value of U. S.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TABL7 8
Cateorics of Manufactures iri'which•U.S;'Exoorts Show Absolute Declines
No7onciature
SITCI
c.31.5,.7
G:2
653.5,.6
673.4
674
Iron or steel hoop & strip
Basomotal household equip.
Stoam boilers, etc.
A-7ric. machinery ex. tractors
:.otalwor%ing machinery
731
635
Railway vehicles
Office & stationery supplies
Sourco: .
U.S.
64/65
G8/69
Change
64/65
68/69
-20.00
-11.67
-5.36
-37.84
-7.20
125
120
112
37
23G
100
10G
106
23
219'
-25
-14
-G.
-14
-17
13.71
13.32
11.:.10
12.29
10.36
6.51
13.32
7.50
6.55
7.23
25.95
-15.79
-8.57
-5.63
-3.15
-8.38
33
35
7f
222
370
32
32
67.
215.
339
-3
-4
-7
-31
11.99
14.46
34.30
31,.35
27.43
7.57
10.31
25.19
27.63
13.95
-14.29
37.25
-33.33
-2.38
126
42
84
41.
28.57
27.45
22.22
19.52
0:CD
63.42
.Man:-.. ae.c fibor yarn & thread
-11.65
Cotton fahrics, woven
50.27
!:7.7.7:Ide fiber fabrics, woven
An7lcs., sections
16.61
:ren/storal univcrsals & sheets 32.03
675
697
711.1,.2
7I2X
715
u.s. Isarkot
Value
U.S.
(millions)
1964/65-1963/69
Growth
33.44
22.31
28.50
-42
Dazic data from U.S. Department of Comzlerce, Bureau of International Commerce, computer printout
entitled "U.S. Shares of Total Exports of Manufactures to World Excluding Exports to U.S. from
14 Supplier Countries 1962-1969."
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TABLE 9
Exports ShOw'Absoluto Declines
Cate7ories of VonrMan',1factures'in.whicHU. S.:•
re7cnolature
:I-C
01 3
' C2/
023
C3/
041
043
044
045
045
n53
OECD
U.S.
:-.e.-"t, conne'd, nes.
if.ilk on cream
Zuttcr
Fich, canned ncs.
whe,at, sl:elt, melin
23.70
29.12
3.21
17.29
-12.76
-20.00
-31.25
-53-66
-14.81
-29.10
Barley, unmilled
::z -corn, unmilled
Cereals, unmilled
W:Icat-meslin, flour
Fruit, preserved
4.25
7.16
-8.16
-16.22
23.66
-22.05
.-1.75
-12.09
-27.21
-5.00
u.. :ct. S:-.are
U.S. $ Value
(millions)
.154/65-1963/69
% Growth
64/65
15
144
41
27
1,213
.
78
743
132
147
120
62/69
12
\ 99
19
23
860
:
14,
730
160
107
114
32
14
23
1
38,
Chanqe
-3
-45
-22
-4
-353
•
-64
-13
-22
-40
-6
-6
-5
-10
-1
• -24
055
002
071
072
091
47.74
V,-7e,trb1es, canned
20.41
C3njy, prcps/coc.
39.44.
Coffee
65.79
.
Cocoa
Margarinc,shortening -19.26
-15.79
-25.32
-30.30
-50.00
-38.71
38
19
33
2
62
231
243
267
221
291
17.96
Crude rubber
-24.04
Cotten
-7.26
Textile' waste
1.91
concentrates
Iron ore
Crude animal material 12.50
-5.98
-35.82
-14.55
-16.25
-26.92
184
•611
55
20
26
173
386
47
67
19
-11
-225 •
-3
-13
-7
411
-27.90
-4.58
2.19
-29.17
-40.50
-62.00
192
200
50
136
119
19
-56
-81
-31
Animal oil, fats
Fixed vcg. oil, soft
Processed oils, fats
421
431
Source:
•
64/65
62/49;
7.11
28.92
14.64
10.15
51.38
4.00
15.40
6.57
7.37
44.84
25.49
05.80
73.11
45.79
45.80
4.39
73.65
74.77
40.07
35.19
19.10
21.59
45.48
2.63
45.93
10.22
12.39
23.23
•44.66
72.53
44.35
17.00
20.31
35.50
63.31
/.3.37
13.95
13.19
61.34
65.36
36.50
50.13
40.75
13.57
0.79
34.65
issues.
"Trade by Commodities," various
of Foreign Trade, Series C,
Statistics
OECD,
from
data
Basic
I
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Federal Reserve Bank of St. Louis
'- 18 -
exports in .1963/69.
They constitute the lower end of a
broad spectrum of commodities in which our market share
declined.
Tables 8 and 9 also provide data on growth of
OECD,exports and on U. S. market shares of these commodities.
Over all, 0I3CD exports of 10 categories of manufactures
and 15 categories of non-manufactures increased in dollar
value during the period while U. S. exports of the same commodities fell.
It is interesting to note that only two
categories of 01CD exports of manufactures --cotton fabrics
woven and railway vehicles-- actually declined.
Perhaps the most noticeable characteristic about the 12
U. S. manufactures which declined during the period is that
they do not depend on advanced technology.
This could lend
weight to the hypothesis that the U. S. is more competitive
in the export of goods which require advanced technology, but
less so when the spread of technology has enabled other
countries to compete on a price basis.
U. S.
ylosers" among
the non-manufactures were concentrated in foods.
Thus comodities in which the U. S. outperformed other
01CD countries contituted 36.3 percent of our exports in
1968/69, %:hilu those in which our exports actually declined
con!-.titut
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Federal Reserve Bank of St. Louis
12.6 lwrcont..
The remaining
41...1 percent of our
exports increased in dollar value but lost in terms of market
share.
Market Shares and Growth Rates
This section of the report attempts to highlight patterns
of concentration of U. S. exports by growth categories. Chart I
shows that those commodities in. which the U. S. has increased
its market share of OECD exports are predominantly in that
category showing 70 percent and higher growth from 1964/65
to 1968/69.
Charts TT and ITT
1/
confirm that this is almost entirely
due to the performance of certain manufactures.
Our market
share fell most in the declining or slower growing categories,
whether they be manufactures or non-manufactures.
In Chart I, the 91 categories of manufactures and 63 categories of non-manufactures considered in the study were ranked
by their percentage growth in total OECD exports from 1964/65
to 1968/69, and were then divided into six segments of approximately equal dollar value.
The range of growth rates included
in each segment is shown on the horizontal axis.
The U. S.
market share of commodities in each of these segments is
measured along the vertical axis.
The striped and solid bars
2 six segments in
represent U. S. market share in each of th,
1/
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Federal Reserve Bank of St. Louis
The specific number of segments in each chart was dictated
by the analytical need for segments of roughly coparable
dollar size, in order to bring out patterns of concentration of exports by growth categories.
- 20 -
1964/65 and 1968/69 respectively.
The 1964/65 and 1968/69
dollar values represented by these market shares are shown
at the top of the chart.
Chart II deals with non-manufactures while Chart III
deals with manufactures.
Of the 154 commodity groups surveyed and included in
Chart I, 31 declined, or grew by less than 20 percent, 34
grew by between 20 and 40 percent, 28 by between 40 and 50
percent, 22 by between 50 and GO percent, 17 by between 60
and 70 percent and 22 by over 70 percent.
A list of the
more important commodities in each growth segment (i.e., those
for which U. S. exports exceeded $250 million in 1968/69) is
shown in Table 10 , although the high growth rates of internal
combustion engines, passenger cars, and road motor vehicle
parts are distorted by the effects of the Canadian Auto
Agreement.
Concentration of U. S. Exports
Chart I also shows (subject to the Canadian distortiOn
mentioned above) that U. S. exports as a whole are proportionally more concentrated in the fastest- and slowest-growing
comnlodities in OECD exports--our market share being over
30 percent at both the high and low end of the scale and
between 20 and 25 percent in the nid-part of the scale.
Our relatively large market share at the low end results from
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
- 21 Chart 1..
F
srREE: OFi GEEID
TCS
Dollar Vzilua of
U.S. Expo:ts
in 1964:65
(Millions)
r
4,225
4,408
3,209
3,605
3,14-1
6,010
6,206
_ Dollar Value of
U.S. Expolts
in 1968-69
6,032
4,7C 5
U.S. "
Market
Share
50 —
5,3
11.6
Maiket Sli8re of
OECD ['ports if/.
1,968-'69
U.S.
1,Iaiket Share of,
OECD Exports in
1,964 -'65
-40
32.9`..1—
SO
23.0%
20
J
24.0%
23.2% 23.0
21.f': 771
r-----1
i,I
,,
1
,
) /
1
10
/
1
7/1
i
!
i 1
1
/! i
sr ar_,.......(we......
- ....'
0
<0 13 20
i
i
1/
Xit
..r...i..•.
GO to 70
50 In 00
40 to '.;0
20 to ,1;D
to '68-60
'65
.1n4s
Exl;ort
0E00
Vercentsge Growth Roles of
I
..- .....) ... vV xi.
7..-...,
.70 to 100+.
share
n at the top of each market
1/ The specific percc:ntages give
exp':-)rt:
OECD
al
vidu
within each indi
bar are the U.S. market shares
;And
/65
1964
in
%
66.5
,
.
(e.g
growth rate segment. The residual
extive to 206 bar) represents tho
nega
the
for
769
196/
in
%
69.6
OECD countries.
port ray}:et share of all .other
. hares of exports vyhic:h
s
u;le market ;
The catlegory <0 to 20 inci
h CfreW Ua to 20%.
dee3inad as well as those whic
mati Inc
OECD couilt:-,..- ies whi
i‘res are from all
1•1h.,
footed e 1 on piwe 7.
1i
are f re:o 15 count r os
,,rt- c; t.o t.hc U.
exp,
• 400t 01 0
••••••••
•) 11"J lIJAU
OE 01 0;',
,••• )•••••
r
• ••••
0-4 01 tl
•• +.••••••••••,
ti$.'""j `J"(-1"'"!..-1(1
11 ()
sr
•••••••••••••
•
11>
•••••..
•
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Federal Reserve Bank of St. Louis
•• • • r,
•MtrITI
,
,
J .**.•.1••••••••••••1,
••••••
,//
•0
1/
1,
OL.
^
(00
QC
.0s
^
J•
••••••••••
•
,g9,-P961 .
. „ _sidvd.r] ojo
JO aigeis' Nylon.
:S
- ;•11.1
\;
/ ,C1/0(Lc/ 83:70.
10 ofellS
.5"11
11[10:1.
t3Z(4,''Z
takr3ILI
OLL'Z
• ;'.
• •••8'n
• 69:8061. u!.
sliodx] -S-11
Jo onleA Jelloa
LOSI
7,F,0"Z59,-`,96t u!
Jo anri% Hilou
•
3-]0
:10 0.1 9dX:1
S7.1 LI 1)13 V:1 11 !i'd
0 E1L1 V11,S .1:TA lillbld
•
II
1.11!1,10
— 2.3 Chart 3
.S•
A.11 1(EC SH 1E OF 3FC[3 E):'PORTS
F [IA ft LI FACTU F
Dollar Value of
U.S. Exports
in 1964-'65
(Millions)
2,703
3,54'3
3,554
2,792
5,002
5,737
5,667
Dollar Value of
U.S. Exports
in 1968-'69
(Millions)
2,809
U.S.
Market
Share
50 —
5,028
U.S.
Market Share of
OECD Everts,
in 1958-'69
U.S.
Market Rare of
OECD Exports
Ia 1964-'65
40
_30
23.9%
23.29623.0
21.0%
.20
10
;.
0
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Federal Reserve Bank of St. Louis
.11
40 to 50
<0 to 40
60 to 70
50 to GO
70 to 100+
Percentage Growth Rates of OECD Exports 1364:65 to '63-'69
mrLr
36
Yxcess of $250 Million
Comr,odities with 1968/69 lwera(je Export Value in
- 1968/69
1964/G5
Exnorts,
OECD
RanLed 1%c:cording to (;rm:th in
• • •
Co=oldities in which
OECD Exports Either
Declined or Crew by
Less than 20%
Commodities in which
OECD Exports Crew
Between 20 and 407.
Comasodities in which
OECD Exports Cl-ew
Between 40 and 507.
Co=odities in which
OECD Exports Crew
Between 50 and 607.
Comnodities in which
OECD Exports Crew
Between 60 and 707.
Com7odities in which
OECD Exports Crew
by more than 7C7.
u.s. epi:
UTC:1
Vomenelarure
0'11
044
263
321
712.5
Wheat, spelt, melin
Maize-corn, unmilled
Cotton
Coal, coke, briquettes
Tractors, except road tractors
860
730
386
580.
422
121
221
282
332
715
Tobacco, unmanufactured
Oil seeds and nuts
Iron, steel scrap
Petrol products
Metalworking machinery
532
871
252
439
339
081
251
513,4,5
718.4
719.3
722
724.9
72X
861X
Animal feed
Pulp, waste paper
Inorganic chemicals, radioactive material
Construction cad mining machinery
Mechanical handling equipment
Electric power machinery and switch gear
Other telecmmunications apparatus
Batteries, bulbs, misc, electric apparatus
Scientific, optical, controlling instruments
389
292
541X
5X
682
711.4
711.5
719.2
71X
732.3,.5
892
8X
Medical/pharmacy products, ex antibiotics
Other chemicals
Copper
Aircraft engines
Internal combustion engines, ex aircraft
Pumps and centrifuges
Other nonelectric machinery
Trucks, road tractors
Printed matter
Other misc. manufactured articles
266
443
282
382
6301/
504
512
719.1
729.5
732.1,.6
732X
Organic chemicals
Beating and cooling equipment
Electric measuring, controlling insturments
Passenger cars
Road motor vehicle parts, other vehicles
877
440
Rice
042
Plastic materials
581
714.2,.3 Electronic coasputers, stet. machines
Other office machines
714X
Electron tubes, transistors, semiconductors
729.3
Aircraft
734.
433
545
497
546
504
356'
457
844
452 2/
302
288
331
1003Y
2124 4/
348
590
499
400
357
2366
1/
2/
711.5.
732.3.
Of this, $273 million, or 43% of the value, represents exports to Canada.
Of this, $1C1 million, or 40Y. of the valve, represents exports to Canada.
3/
731.1.
Of this, $726 million, or 72% of the value, represents exports to Canada.
4/
732X.
Of this, $1,3c.j4 ri11ion, or COt, represents exports to Canada.
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Federal Reserve Bank of St. Louis
-growing non-manufactures.
our higher concentration in slow
analysis can be overAlthough the importance of this
note that U. S. exports arc
stated, it is interesting to
rts as
ufactures than are OECD expo
more concentrated in non-man
a whole.
pean Communities
In contrast, exports of the Euro
far less concentrated in
(EC), and especially Japan, are
s the percentage concentranon-manufactures. Table 11, show
and Japanese exports in 1968/69
tion of World, OECD, U.S., EC
in six broad product groupings.
The table confirms that
non-manufactures (see
exports of the more slowly growing
rtant for the U. S. than
Table 1) are relatively more impo
It also shows that machinery-for the other OECD countries.
d product groupings in Table 1-the fastest growing of the broa
sector in U. S. exports. (Note
is, by far, the most important
raft, whose export levels
that this category includes airc
exports to Canada.)
may not be maintained, and auto
only partly
The deterioration in U. S. export shares
the merchandise trade
explains the overall deterioration in
's.
balance between the mid and late 1960
Had the U. S.
69, U. S. exports
maintained its 1964/65 market share in 1968/
than they actually
would have been over $2 billion higher
overall trade balance
weri-!. Since the deterioration in the
billion, it is clear
between 1964/65 and 1968/69 was over $5
vanishing trade surplus
that the more important factor in our
has ben incredsed imports.
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Federal Reserve Bank of St. Louis
- 26 -
TABLE 11
The Commodity Composition of World, OECD
U. S., EC, and Japanese Exports in 1968/69 1/
(percentages; totals ITay not add due to rounding)
2/
TOTAL EXPORTSNon-Manufactures
,
Foods
Raw Materials excl. fuels
Fuels
Manufactures
Chemicals
Machinery
Other Manufactures
World
OECD
U. S.
EC
Jan:
100.0
100.0
100.0
100.0
100.
34.3
21.6
26.3
18.4
5,
13.9
11.1
9.2
10.5
8.0
3.1
12.6
10.7
3.1
9.9
4.5
4.0
3.
1.
0.
63.7
76.9
70.4
81.0
0-)
,,,.
7.1
27.9
28.7
9.1
35.6
32.2
9.3
43.1
18.0
10.8
34.6
35.6
6.
38.
49.
This can be demonstrated by comparing OECD exports both
including and excluding the U. S. market.
In 78 of the 91
categories of manufactures and in 41 of the 63 categories of
non-manufactures reviewed, the inclusion of the U. S. market
results in a higher percentage growth rate of OECD exports,
indicating that import demand in the
U. S. is growing
faster than for the world as a whole.
CANADIAN AUTO AND INTRA-EC ADJUSTMENTS
Canadian Auto Adlustment
On the assumption that all U. S. exports of automotive
1/
Source:
See footnote 1 on page 4.
2/ incluays certain miscellaneous exports in SITC Category 9
which constituted 2 percent of world exports, 3.3 percent of
u. s. eports, 1.5 percent of OECD exports., and less than
1
percent each of LC and Japanese exports.
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Federal Reserve Bank of St. Louis
- 27 •
products to Canada are clue to the U.S.-Canadian Automotive
market
Agreement of 1965 rather than to demand factors, U. S.
exports
shares were calculated both including and excluding
of automotive products to Canada.
These alternative calcula-
tions are shown in Table 12.
TABLE 12
Effects of U.S.-Canadian Automotive Agreement
on U. S. Market Shares of OECD Auto Exports
SITC No.
Nomenclature
1964/65
Excl.
Incl.
Auto
Auto
Exports Exports
to Can. to Can.
1968/69
Excl.
Incl.
Auto
Auto
Exports Exports
to Can. to Can.
All goods
27.0
26.9
25.3
24.8
Manufactures
23.3
23.1
22.8
22.2
711.5
Combustion engines
excl. aircraft
32.9
24.8
36.8
.24.9
729.4
Auto.electrical
parts
36.3
27.5
32.4
18.6
73
Transportation
equip.
28.4
27.7
33.2
29.8
732.1, .6 Passenger cars
11.4
9.2
18.3
5.S
0-9
. 5-8
Perhaps the most stri):ing difference is seen in com:nodi+- v
group 732.1, .6
-- passehger cars.
While exclusion of the
Canadian mIrket resulted in a drop of 2.2 percentage points in
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Federal Reserve Bank of St. Louis
- 28 -
it resulted in a drop of
the U. S. market share in 1964/65,
/69. Thus in the absence of
12.5 percentage points in 1968
•
S. market share of passenger
the Automotive Agreement, the U.
rather than risen during
cars would probably have declined
the period.
Adjustment for Intra-EC Trade
pean Communities (EC)
The continued development of the Euro
its members as internal
was expected to increase trade among
ed and a common external
tariffs were reduced and eliminat
from third countries.
tariff established against exports
to increase at the cost
Trade among EC members was expected
goods previously bought
of some trade diversion (i.e., some
lied by other EC members).
from non-EC members would now be supp
cy was inaugurated
In addition, a common agricultural poli
exports to the EC and,
which had a harmful effect on U. S. food
ted greater EC combecause of EC subsidies, artificially crea
d markets.
petition in certain food exports in worl
Table 13 highlights these developments.
It shows the
both including and
U.S. market share of total OECD exports,
excluding intra-EC trade.
It suggests that the U. S. would
OECD exports in the
have .enjoyed a larger market share of
absence of the EC.
The analysis is not perfect because it
of growth of trade that
cannot make provision for the amount
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Federal Reserve Bank of St. Louis
volLT: 13
Effects of int- v(1-1'7C Trade on U.S. Marl:ct.Sh.ares
of l:xlyIrt
.ITC,7
0-9
0-4
5-8
0
1
2
3
4
5
6
71
72
73
8
to
01:CD
cmintries*
reCMC1 Pt 1Irr•
All Com-nodities
1965/65
1968/69
ron-minufctures
1964/65.
1968/69
!
ManufactuaN?s
1964/65
1968/69
.
Food and Live Animals
1964/65
1968/69
Beverages and Tobacco
1964/65
1963/69
Inedible Crude Materials
1964/65
1968/69
Fuels, Lubricants
1964/65
1968/69
Animal and Vegetable Oils
1964/65
1968/69
Chemicals
1964/65
1968/69
Manufactured Goods Classified by Material
1964/65
1968/69
1Zon-E1ectric Machinery
1964/65
1968/69
Electric Machinery
3964/65
3968/69
Transport Equipr-ent
1964/65
1963/69
Miscellaneous Manufactures
1964/65
1968/69
Exc1ud.:1,s exports to the U.S.
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Federal Reserve Bank of St. Louis
'Increase in
U.S. Mai-If:et Share Resu3ti:From Exclur,!cn
'
c...(4
of Intra "
U.S. Marl:et Share
Trade
Excl.-Inura
lnel. lntra
EC Trade
.ro Trade
6.5733.D1',
21.01
25.33
32.80
7.47
32.95
28.79
40.34
37.74
7.39
8.95
23.25
22.84
29.00
29.43
5.75
6.59
32.72
26:92
39.73
37.60
7.01
10.66
33.90
39.15
5.25
32.70
38.63
5.93
34.35
31.84
40.98
38.15
6.63
6.31
25.06
23.68
.,35.63
34.35
10.57
10.67
56.15
39.32
61.83
49.83
5.68
10.51
25.84
22.95
30.70
29.06
4.86
6.11
14.75
19.73
13.32
18.56
4.94
5.24
31.11
29.04
36.34
34.51
5.23
5.47
24.99
24.64
31.12
30.90
6.13
6.26
28.40
33.19
34.33
40.23
5.93
7.04
1997
26.31
26.20
6.34
7.63
18.57
.
- 30 •
would have taken place between EC member countries in the
absence of the Common Market.
However, the exclusion of intra-
EC trade had a greater effect on U. S. market shares in 1968/69
than in 1964/65.
Thus intra-EC trade is clearly expanding at
a faster rate of growth than U. S. exports to EC members, and,
probably, in part at the expense of U. S. exports to EC members.
This is most clearly seen in SITC categories 0 and 4 which are
affected by the common agricultural policy.
Effect of I3oth Canadian Auto and Intra-EC Adjustments
The combined effects of these adjustments on the U. S.
market share of OECD exports are shown in Table 14.
TABLE 14
Effect on U. S. Market Share of Canadian
Auto and Intra-EC Adjustments
SITC No.
Nomenclature
• All goods
0-9
1964/65
Not
Adjusted
Adjusted
1968/69
Not
Adjusted
Adjuste
27.0
33.5
25.3
32.2
0-4
Non-manufactures
33.0
40.3
28.8
37.7
,
5-8
Manufactures
23.3
28.8
22.8
20.0
73
Transportation
Cquip.
28.4
33.6
33.2
36.5
Although these adjustilicnts are extremely crude, they are
of interest because their inclusion does not alter the basic
pattern sot out earlier of a widely spread decline in U. S.
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Federal Reserve Bank of St. Louis
- 31 -
market share.
They indicate that our general export deteriora-
tion clinot be attributed exclusively to the formation of the
EC.
Conversely, our improved performance in all transportation
equip7ent did not depend entirely upon the artificial increase
in auto exports to Canada, but also reflects the sharp and
probably unsustainable increase in U. S. exports of commercial
aircraf%
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Federal Reserve Bank of St. Louis
APPENDIX - BASIC WiTA ON MANUFACTURES
The appendix that follows is the Commerce Department
printout referred to in footnote 2 on page 10.
It is
included because it provides more detailed data on
exports of 100 commodities of manufactures from 15 OECD
countries.
Individual country detail is included for the
U.S., telgium/Luxembourg (treated as one country),
Netherlands, France, Germany, Italy, the U.K., Sweden,
and Japan.
The U. S. share of OECD exports of the
selected commodities (excluding OECD exports to the U.S.)
is shown for the years 1962 through 1969.
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Federal Reserve Bank of St. Louis
SuArfS Or TOTA1
tx!1'14 AN.) l'coo4I5 or
Pt !(I'
Att. cr4,.0OITIFS
0%11f0 STITES
et.10rsT
OF
T014I
VA1Ur
r)ILL
Cx..)041s
UP54 14*
C1'Fif41r_S
rx.7.1TER
146.1
1953
19/.4
166!,
1962
1969
4!.NuFACTu9ES
CHE',10ALS
195?
1953
1964
195s
1966
1567
1463
1 959
1962
1951
1964
1965
1966
1957
1953
1969
7142,17m0
847;7.t
'P.: :1,a 1 )
1(45••“'",7
11,54 5 )1Q
I1 ,-, 571'111
133'7235 51
154331544
APPrNDIX
uS
To .;5L0 F. LI,Po9T5 TO
tS
,5Tu
!r.5
445,
tW11.44S1
1
21 714‘
2 tit I t'.`)
b5.3
275:4,/14
23
)11
1:4
31523174
3461516
34'35616
56.754412
6339 1555
69434?,)3
76431253
S4354254
4.35-1,)715
1 ,3151'9541
120346;916
57(5574
747736
2711123
9711111
13133177
1131719
1351537
15461724
11712329
14112151
15544919
17453747
19253535
22453472
23815373
25221553
1375547
23)9195
2354i43
2421924
2574549
2331627
3235979
3332.535
21.0
27.3
25.3
25.1
24.7
24.5
21.5
23. 4
22.7
22.4
23.2
'3.5
22.3
FRANCE
1409671
4428)94
51395...:4
6849514
b217.352
6444416
7391161
9369430
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765147:
461)937
9453730
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14351939
3344353 5053370
3452354 5529554
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Treas - OASTA
B/P Projects
PR-7
8-20-71
TY...4,IA NO. 10
{•AY
GSA FrMrt (41 Cf11)
UNITED STATES GOVERNMENT
7
0TV.,726,1/,`",772
TO
: Under Secretary Voleer
(Through: Jr. Petty)
FROM
: Wilson E. Schmidt
SUBJECT:
DATE:
August 23, 1971
Trade Research Project Projected 1975 Levels of Merchandise Trade
The attached paper projects past trends in our merchandise trade by commodity category through 1975. It is a
mechanical exercise-- not intended to be used as a forecast
of what will actually hapen. Percentage growth rates do not
continue unchanged year after year.
This report was prepared by Mr. Robert Fauver. If you
have any questions concerning it, pleases contact him on
Ext. 2670.
Attachment as stated
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
rrs:•(-.1'..7.1..:(-I: !•,-trz‘l-A-p.1-... it /1M/71
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OAS1A
Trcas
Projects
B/P
PR -7
8-20-71
PROJECTED 1975 LEVELS OF MERCHANDISE TRADE
LOGARITHMIC TIME TRENDS
BASED
The attached tables present the projected 1975 levels
of U.S. merchandise exports and imports.
The results are
shown in a summary table and are then presented on a more (1isaggregated basis.
The commodity groups are based on the Commerce
Department's End-Use breakdown, resulting in 136 export groups
and 112 import groups.
The growth rates result from fitting logarithmic time
trends to the data from 1954 to 1970.
A growth rate obtained
in this manner is a compound rate for the entire period.
The
1970 value is intended to indicate the relative dollar values
of the commodity class.
It may or may not fall on the time
trend itself, hence applying the compound growth rate for the
entire period to the 1970 value will not result in the projected
1975 figure.
The asterisk indicates that the time trend alone
satisfactorily "explains" the historical variation in the commodity class.
Time trend projections, under the best condi-
tions, do not necessarily give accurate predictions of future
developments.
A large number of the commodity classes arc not "explained by time trends alone.
In these cases, the projected value
has less predictive value.
Trade in these commodities depends
upon other economic variables that are ))ot functions of time
alone.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Given that the ma jori ty of the commodi ty groups arc
not satisfactorily "explained" by time trends, the aggregate
projected trade levels should be viewed with caution.
The projections for 1975 assume that no structural changes
occur between 1970 and 1975.
Given the recent events, great
care must be taken when interpreting these results.
Since
fundamental structural changes have occurred, these figures
should be viewed as what might have occurred without the recent
changes in the system.
If exports continued to grow at these historic rates,
exports should be $63.0 billion in 1975.
The major growth
item is the capital goods (excluding automotive) category.
Imports, on the same mechanical basis, would reach $96.6 billion
in 1975
Heavy projected imports of three groups show the
largest deterioration.
The importation of automotive vehicles,
parts and engines will more than triple between 1970 and 1975-this includes trade with Canada covered by the Automotive Agreement.
Consumer goods imports nearly triple while consumer goods
exports rise by 50 percent.
Capital goods imports increase
2-1/2 times while capital goods exports rise by only 1-1/2 times.
The above three commodity groups account for the basic deterioration in the projected trade balance based on historical
time trends.
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Federal Reserve Bank of St. Louis
Time Trend Projections - Merchandise Trade
Summary Table
End-Use'
Number
Description
1970 Value Projected 1975 Value
($ million)
($ million)
Exports
0
1
2
3
4
5
6
Foods, Feeds, and Beverages
Industrial Supplies and Materials
Capital Goods, except Automotive
Automotive Vehicles, Parts, and Engines
Consumer Goods
Special Category Goods
Exports, N.E.C., and Re-Exports
lEports
0
1
2
3
4
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Foods, Feeds, and Beverages
Industrial Supplies and Materials
Capital Goods, excluding Automotive
Automotive Vehicles, Parts, and Engines
Consumer Goods
imports, N.E.S.
$5,824
13,792
14,364
3,569
2,714
1,369
1,499
$9,841
17,491
23,162
5,423
3,833
1,618
1,675
$43,131
$63,043
$6,158
14,958
3,782
5,955
7,744
1,400
S7,572
29,015
10,017.
22,745
23,919
3,369
$39,997
$96,637
Total Exports
$43,131
$63,048
Total Imports
39,997
96,637
$3,134
$-33,589
Balance
TIME TREND PROJECTIONS - EXPORTS
1/
Growth Rate
1954-1970
End-Use
Descrition
1970 Value
($ Mil.)
Projected .
1975 Valte
(5 Mil.)
Foods, Feeds, and Beverages
Agricultural
0000
Wheat
5.0
$1,112
$1,328
0001
Rice
9.0
306
529
0002
Misc. Food Grains
5.1
84
113
0003
Feedgrains
10.3
1,058
2,235
Misc. Animal Feeds
18.0
497
1,182
*0004
0010
Meat and Edible Animals
7.2
209
334
0011
Dairy Products and Eggs
-2.1
142
124
0012
Fruits and Vegetables
3.4
524
630
0013
Lard
-5.8
59
23
Soybeans
13.9
1,215
2,195
*0014
0015
Misc. Food Oils and Oilseeds
2.0
279
246
0016
Misc. Agricultural Foods and Beverages
6.9
221
256
$5,706
$9,700
118
141
$5,824
9,841
Non-Agricultural
0100
7.3
Fish, Candy and Beverages
Compound
Digitized for1/
FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Foods, Feeds and Beverages
Annual Rate
N
- 2 TIME TREND PROJECTIONS - EXPORTS
End-Usr'
N=ber
Description
/
Growth RateL
1954-1970
1970 Value
Projected
1975 Value.
($
Industrial Supplies and Materials
Ac7ricultural
'
1000
Raw Cotton
1010
Unmanufactured Tobacco
1011
Inedible Tallow
3.9
1 76
191
1012
Hides and Skins (except fur skins)
7.0
144
211
1013
Misc. Unmanufacturkg Agricultural Materials
for industry
3.1
173
165
Unmanufacturing Agricultural Materials
for Farming
7.3
116
145
Misc. Mfg. Agricultural Materials
9.8
80
91
$1,555
$1,724
2.0
1,046
655
-12.7
17
2
*1014
1015
3.a.
604
Fuels and Lubricants
1100
Coal
1110
Crude Petroleum
1111
Semi-finished Petroleum Products
-1.6
189
125
1112
Finished Petroleum Products
-2.8
231
230
1120
Natural Gas
12.9
30
42
1121
Natural Gas Liquids and- Mfg. Gas
7.1
33
43
$1,596
$1,097
1 / Comnound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 3 TIME TREND PROJECTIONS - EXPORTS
End-Use
Number
Description
Growth Rate/
1954-1970
1970 Value
($ Mil.)
Projecte
1975 Value
($ Mil.)
Non-agricultural except Fuels
1200
Iron Ore and Pig Iron
4.7
86
116
1201
Iron and Steel Scrap
5.1
460
391
1210
Semi-Finished Iron and Steel Products
(except advanced)
1.5
902
493
2.5
487
460
17.8
352
916
3.9
494
455
15.4
5.98
1,273
6.7
428
554
12.2
616
927
7.2
29
39
11.3
526
676
8.4
610
389
10.7
604
1,076
8.7
220
429
11.2,
282
539
1,410
2,103
1211
'Finished Iron and Steel Products
(except advanced)
1220
Aluminum
1221
Copper
*1222
1230
*1240
1241
Misc. Non-ferrous Metals
Finished Metal Shapes and Advanced Mfg:
Logs, Lumber, Plywood and Veneers
Mfg. Wood Supplies
*1242
Paper Base Stocks
*1243
Newsprint and other Paper Products
*1250
Plastic Materials
1251
Crude Fertilizers and Ins_cticides
*1252
Nfg. Fertilizers and Insecticides
*1253
Misc. Unfinished Chemicals
Ccm7Dound
Digitized for1/
FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Annual Rate
9.2
- 4 TIME TREND PROJECTIONS - EXPORTS
En:I-Use
Description
Growth Rate /
1954-1970
1970 Value
($ Mil.)
Projected.
1975 Value
($ Mil.)
Non-Agricultural except Fuels (continued)
Misc. Finished Chemicals
5.9
542
655
1260
Yarns and Waste of Manmade Fibers
9.2
234
393
1261
Yarns and Waste of Natural Fibers
-.4
73
74
1262
Manmade Fibers
1.5
156
160
1263
Cotton Fibers
-2.0
159
125
1264
Misc. Finished Textile Materials
4.7
51
71
Primary Synthetic Rubber
7.0
176
320
1271
Unmfg. Leather and Furs
3.2
47
105
1272
Unmfg. Non-metallic Minerals
6.6
196
262
1273
Misc. Unmfg. Non-Agricultural Industrial
Materials
3.1
. 108
117
Tins and Tubes
-.4
85
83
*1275
Misc. Industrial Rubber Products
6.9
89
130
*1276
Mfg. Mineral Supplies
5.4
392
479
*1277
Misc. Mfg. Non-Agricultural Industrial
Materials
10.3
229
350
10,641
14,670
13,792
17,491:
*1254
- 1270
1214
Total Industrial Supplies
1/ Compound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 5 TIME TREND PROJECTIONS - EXPORTS
End-Usr,
Description
1/
Growth Rate
1954-1970
1970 Value
($ Mil.)
Projected.
1975 Value
($ Mil.)
Capital Goods, except Automotive
Electrical Machinery
2000
Generators, Transformers, and Accessories
*2001
Broadcasting and Communication Equipment
*2002
Telephonic and Electrical Apparatus
469 .
7.1
343
16.7
949
2,067
8.9
786
1,224
2,073
3,780
Non-Electrical Machinery
2100
Drillinc'j and Oil Field Machinery
3.5
303
281
2101
Specialized Mining and Oil Processing
Equipment
7.3
180
219
Excavating and Paving Machinery
7.0
891
1,150
Tractors and Parts (non-farm)
5.0
. 583
657
Power Generating Machinery
8.9
614
953
44
66
*2103
2104
*2110
0
2111
Rolling Mill Machinery
2112
Machine Tools and Metalworking Machinery
6.9
528
744
2113
inclustrial Textile, Sewing, and Shoe Machinery
4.3
236
267
*2114
Misc. Specialized Machinery
7.9
694
966
*2115
Air-conditioning, Refrigerating, and
Central Heating Equipment
9.2
320
437
Comnol.:nd
Digitized for1/
FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
"Annual :Rate
- 6 TIME TREND PROJECTIONS - EXPORTS
End-Use
N=ber
/
Growth Ratel
1934-1970
Description
1970 Value
($ Mil.)
Projected.
1975 Value
($ Mil.)
Non-Electrical Machinery (continued)
21 16
Measuring, Testing, and Control Equipment
14.9
754
1,503
Nateria's Handling Vehicles and Equipment
7.3
266
325
*2117
Misc. Non-electrical Industrial Machinery
10.5
1,366
2,165
*2112
Farm and Garden Tractors and Parts
6.2
180
301
2120
Misc. Agricultural Machinery
7.2
130
327
2121
Business Machines
19.5
1,703
3,423
*2122
*2123
Scientific, Professional, Medical and
Hospital Instruments and Equipment
11.3
263
452
*2124
Equipment and Tools for Photo and other
Service Industries
354
410
9,464
14,656
1,529
3,093
6.9 2/
1,015
1,266
12.9 2/
117
i
/
(
5.9
*
Transportation Equipment
2200
Aircraft, Parts, and Engines
2201
Aircraft Parts and Military Engines
2202
Engines for Civilian Aircraft
2210
Railway Transportation Equipment
2220
Passenger and Cargo Vessels
2221
Misc. Commercial Vessels
18.4
230
i
Total Capital Goods
1/ Ccm7;ound Annual Rate
https://fraser.stlouisfed.org
2/ Growth Rate for the Period 1958-1970
Federal Reserve Bank of St. Louis
-1.5
93
103
-15.6
13
2
7.3
35
2,802
14,364
32
4,726
23,1b2
- 7 TIME TREND PROJECTIONS - EXPORTS
End-Use
Number
Description
1/
Growth Rate
1954-1970
1970 Value
($ Mil.)
Projected.
1975 Value
($ Mil.)
Automotive Vehicles, Parts, and Engines
3000
Passenger cars - New
6.5
739
829
3002
Used Passenger Cars
4.6
15
16
3010
Trucks, Buses, Special Vehicles
1.5
560
460
15.9
1,789
3,587
. 3.4
466
536
3,569
5,428
*3100
3101
Parts, Engines and Bodies - for. Assembly
Parts, Engines and Bodies - for replacement
Total Automotive Vehicles, Parts, and Engines
4000
Consumer Goods
Durables
Electric Household Appliances
2.5
228
261
4001
Radios, Phonographs, Tape Recorders, Records
5.5
175
196
*4002
Non-electric Cooking and Heating Equipment
3.5
141
163
*4003
Clocks, Watches, Jewelry, Antiques
9.6
116
180
*4004
Toys, Sporting, Amusement Equipment, Boats
9.0
169
232
*4005
Misc. Consumer Durables
5.5
177
239
*4010
Unmanufacturcd Consumer Durables
30.5
123
609
1,129
1,880
1/
Co7nound
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Annual Rate
.
;
•
- 8 TIME TREND PROJECTIONS - EXPORTS
1/
Growth Ratc
1954-1970
End-Usr,
Description
1970 Value
($ Mil.)
Projected
1975 Value
Non-Durables
4100
Consumer Textile Products -.except Rugs
4110
Footwear, luggage, apparel
2.6
247
259
*4111
Books, Magazines, and Printed Material
9.2
326
531
*4112
Cigars,.Cigarettes, and other Tobacco Mfg.
6.5
162
237
edicinal and Pharmaceutical Preparations
4.2
545
538
6.1
267
353
1,505
1,953
2,714
3,633
467
658
4113
*4113
Misc. Non-durables
Total Consumer Goods
Special Category CoCds
7.9
5000
Military Aircraft - complete
5001
Aircraft launching gear; parachutes
5002
Engines and Turbines for Military Aircraft
6.8 2/
44
55
5003
Military Trucks - armored vehicles
2.5 2/
59
83
5004
1:ilitary Ships and Boats
5005
Tanks, Missies, Guns, and Ammunition
1.7 2/
325
352
-5.4, 2/
2.1 2/
26
15
3736
410
1,369
1,613
500G
5007
I/
Comr)ouncl
Digitized for
_FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7,ilitary 2\nnarcl and Footwear
Parts
12.518
Total Special Category
Annual Rate
Pc,riod lq58-1970
- 9 TIME TREND PROJECTIONS - EXPORTS
Growth Rate/
1 954-1970
End-Use
Description
NU7bel-
1970 Value
($
Projected
1975 Value
($ Xi]..)
Exports, N.E.C. and Re-Exnorts
•
6000
Minimum value shipments
6001
I.1isc. domestic exports and special transactions
.
7.2
692
532
11.3
145
283
32
10
-9.3 2/
6002
Military Passenger cars and buses
6100
Agricultural Re-exports
8.9
92
142
6101
Non-agricultural Re-exports
9.1
538
708
1,499
1,675
43,131
63,043
Total Exports, N.E.C. and Re-Exports
Total Exports
1/ Compound
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Federal Reserve Bank of St. Louis
Annual Rate
TIME TREND PROJECTIONS - INPORTS
End-Use
Description
I.
0000
'
1970 Value
Growth Rate
1954-1970
($ Mil.)
Projected
1975 Value
($ Mil.)
Foods, Feeds, and Beverages
Green Coffee
-2.0
1,159
864
0001
Cocoa Beans
71.3
201
130
0002
Cane Sugar
2.7
729
721
0100
Cattle
9.8
111
204
11.9
1,037
1,736
*0101
I.:cat Products and Poultry
*0102
Fish and Shellfish
8.4 .
791
1,091
*0103
Vegetables and Preparations
9.7
247
324
*0104
Fruits, nuts, pre?arations
6.8
472
646
*0105
Whiskey and other alcoholic beverages
9.8
725
1,131
0106
Feedstuffs
2.7
• 153
155
0107
Other (Tea, spices, soft beverages, dairy
products, eggs, etc.)
5.0
533
570
Total Foods, Feeds, Beverages
6,1 -6-- .
7,572
Industrial Supplies and Materials
Fuels and Lubricants
Crude Petrol. and Prod. -=;1. gas
4.1
1,281
1,652
Semi-finished Petrol. and Prod. excl. gas
1,275
1,715
II.
1000
*1001
1002
Finished Petrol. and Prod. excl. gas
1/ Compound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.8 •
16.1
210
572,
- 2 TIME TREND PROJECTIONS - IYTORTS
•
End-Use
Numbnr
Description
1/
Growth Rate1954-1970
1970 Value
($ Mil.)
Projectad
1975 Value
($
Fuels and Lubricants (continued
-.8
4
4
Gas, natural
42.3
257
3.006
Natural gas liquids and manufactured gas
22.1
7;r:
1010
Coal and related fuels
1011
/.
*10121
73 ,
3,063
7,026
Paper and Paper Base Stocks,
*1100
Woodpulp
4.1
483
530
-2.3
28
24
1101
Pulpwood and other
1110
Newsprint
2.8
930
1111
Paper and paper products, N.E.S.
5.7
138
160
1.,579
1,822
Materials associated with Non-durable
goods and farm output, N.E.S.
.
1,058
1200
Cotton, unmanufactured
-5.7
10
12
1201
Wool, unmanufactured
-3.8
91
116
1202
Wool, semi-manufactured
.4
34
rq;
1203
Manmade filaments, yarns, etc.
.12.3
228
227
1 204
Other textile fibers, unfinished (jute,
flax, silk, etc.)
-1.1
65
83
1/ Compound Annual Rate
for the period 1960-1970
T/ *Growth Pate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 3 TIME TREND PROJECTIONS - IMPORTS
End-Use
Description
1/
Growth Rate=
1954-1970
1970 Value
($ Mil.)
1210
::ats.assoc, w/Non-durable 7oods &farm output,n.e.s.(cont'd.)
Cotton crOET1 and' fabrics
11.1
1211
Wool cloth and fabrics
1212
1213
*1214
1220
*1221
204
370
5.0
82
145
Silk cloth and fabrics
1.2
26
33
Burlaps; jute and twine
5.5
186
323
12.1
282
410
. 1.0
51
75
10.3
92
172
1.9
67
126
4.1
114
142
2.4
111
160
11.7
. 524
325
Other material - finished (flax, hair, etc.)
Hides and skins, except fur
Leather
1222
Furskins
1223
Copra a
1224
Tobacco, unmfg.
*1225
Projected
1975 Value
(5 mil.)
cocoanut oil
Industrial chemicals - unfinished
1226
Fertilizers, crude
5.2
210
212
1227
Other farm materials (incl. seeds and
farm animals)
-.6
56
37
Other unfinished for making drugs, dyes,
nerfumes, etc.
2.9
170
177
12.7
76
144
4.1
26
36
1228
1230
Industrial Chemicals - excl. medicinals, mfg.
1231
Fertilizers - mfg.
1 / Co7mound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 4 TIME TREND PROJECTIONS - IMPORTS
Er.111.-Use
Number
Descrintion
Growth Rate -'
1954-1970
1970 Value
($
Projc,
-tsd
1975 Valu,,
($ Mil.)
.Materials assoc. w/Non-durable goods & farm outnut,n.e.s.(cont'd.)
Other - finished (essential oils, photo film
and paper, etc.)
1232
161
231
2,866
4,122
4.9
516
669
10.5
Selected building materials, except metals
Lumber
1300
*1301
Plywood and Veneers
11.0
248
497
1302
Stone, sand, cement
7.8
85
93
1310
Glass-plate, sheet '
6.5
64
104
1311
Other - finished (shingles, molding)
8.1
92
157
1,005
1,520
Unfinished metals associated with
durable goods output
1400
Iron Ore
6.9
479
751
1401
Pig Iron, Steel Scrap
4.3
29
57
1402
Manganese and Ferromanganese
-8.4
63
38
*1410
Iron and steel mill products - semifinished
29.5
1,214
6,688
*1420
2auxite
14.r
322
612
Compound T,nnual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 5 TIME TREND PROJECTIONS End-Use
Num:Dcr
Description
i&1.JI
1/
Growth Rate
1954-1970
1970 Value
Projected. •
1975 Value
($
Unfinished metals associated with
caurable goods output (continued)
1421
.
Aluminum
7.5
231
443
2.4
435
513
-1.4
102
80
1422
Copper
1423
Lead
1424
Nickel
4.1
403
337
1425
Tin
1.5
202
179
1426
Zinc '
3.6
154
158
1430
Misc. Non-ferrous metals
1.0
218
172
1431
Platinum and platinum group metals
8.4
116
157
3,973
10,185
Finished Metals associated with Durable
Goods Output
*1500
Iron and Steel products except advanced
15.4
979
2,119
1510
Iron and Steel mfgs. - advanced
13.8
141
293
1520
Finished metal shapes and advanced
excent
11.9
322
492
1,442
2,904
1 / Comr;ound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 6 TIME TREND PROJECTIONS - IMPORTS
1..nr1-Use
1:umber
Description
1/
Growth •Rate—
1954-1970
1970 Value
($ Mil.)
Projected.'
1975 Value
($ Mil.)
Non-Metals associated with Durable
Goods Output
1600
Crude Rubber
-4.0
236
151
1601
Oilseeds and expressed oils
-1.5
47
35
1603
Industrial Diamonds
.1
49
57
1604
Sulfur and non-metallic minerals
4.3
219
284
1605
Other (synthetic rubber, wood, cork,
resins, etc.)
3.1
150
1 48
27.1
206
611
9.7
113
150
1,030
1,436
14,958
29,015
*1610
Tires and Tubes
*1611
Other (boxes, belting, paint, glass, etc.)
Total Industrial Supplies and Materials
1/ compound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 7 TIME TREND PROJECTIONS - TmPORTS
Description
:;embcr
III.
*2000
'1970 Value
Growth Rate
1954-1970
($ Mil.)
Projected '
1975 Value
($ Mil.)
Capital Goods, Except Automotive
Machinery, Except Consumer-Tyne
Electrical Machinery
19.7
1,017
2,133
Machine Tools and Metal Working Machinery
13.4
194
524
*2011
Construct, textile, and other spcc. mach.
20.7
536
1,447
*2012
Other indust. mach. - non-electric
23.3
745
1,964
Tractors - non-farm - and parts
53.7
30
583
Tractors - farm and garden and parts
17.8 •
182
438
9.0
177
347
2010
2/
2013*2014
2015
Other agricultural machinery and parts
*2016
Business machines/office, computing equip.
21.2
471
923
*2013
Scientific instruments, trade tools
28.7
239
1,082
3,591
•
9,446
Civilian Aircraft, Engines and Parts
2100
2/
2101
Civilian aircraft, complete
16.5
48
Parts and Engines for Civilian Aircraft
25.3
143
424
191
571
3,782
10,017
Total Capital Goods, except Auto
1/ Com7Do,,:r.
Annual Rate
for thc period 1961-1970
2/ Growth iatu
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
147
- 8 TIME TREND PROJECTIONS - IrpoRTs
•
Encl-Usc
Nurr.bor
Description
iv,
Projecte.e..
1975 Value
(S Mil.)
25.8
3,719
10,826
1.8
11
14
Trucks and buses, and spec. vehicles
complete and assembled
41.7
530
2,641
Bodies and Chassis for trucks and buses
46.7
199
955
Parts, Engines, Bodies, and Chassis
40.4
1,496
Passenger Cars - Complete - New - Assembled
3001
Used Passenger Cars
3010
*3020
1970 Value
($
Automotive Vehicles, Parts and Engines
3000
3011
Growth Ratc1/
1954-1970
Total Automotive Vehicles, Parts, Engines
V.
•
3,309
5,955
22,745
Consumer Goods (non-food), except
Automotive
Non-Durables, manufactured Except Rugs
*4000
Apparel and Household Goods - cotton
11.8
314
637
*4001
Apparel and Household Goods - wool
14.6
228
596
*4002
Apparel and household goods - other textiles
16.8
705
1,060
*4010
Leather Goods
.18.5
563
'1,103
Rubber goods
31.7
224
1,366
Medicinal and pharmaceutical preparations
18.1
150
392
4011
*4012
1/ Cc:7.7.)ound Annual Rate
.
Digitized for _
FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 9 TIME TREND PROJECTIONS - IMPORTS
End-Use
Number
Description
1/
Growth .Ratc
1954-1970
1970 Value
($ Mil.)
Projectdd
1975 Value
($ Mil.)
Non-Durables, manufactured Except Rugs (Continued)
*40 1 3
Other (non-textile apparel, handbags,
toiletries, notions, etc.)
16.9
768
1,341
2,957
6,495
11.6
223
336
8.4
223
237
Durables, manufactured - except automotive
*4100
Wood -furniture, household items, baskets,
ski goods, etc.
*4101
Glassware', porcelain and chinaware
*4102
Metal cookware, cutlery, tools
11.2
363
474
*4103
Household appliances - electric; radio .- TV
40.4
1,357
11,909
*4104
Home Sewing machines and accessories
8.8
98
140
*4105
Bicycles, motorcycles, pleasure boats
16.8
482
733
*4106
Photo and optical goods - consumer
11.8
229
376
*A107
Toys, shooting, and sporting goods
16.8
424
817
6.6
183
210
12.7
431
838
3.!1
56
72
4,069
16,242
4108
*4109
1110
Clocks, watches and parts
Other hardgoods (jewelry, art works, musical
instruments, typewriters)
Rugs and other floor coverings
1/ Comnound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
- 10 TIME TREND PROJECTIONS - TMPORTS
End-Usc
:.:umber
Description
Growth Rate
1954-1970
/
1970 Value
($ Mil.)
Projectc4
1975 Value
($ Mil.)
Consumer Durables and Non-Durables Unmanufactured
*4200
Non-durables - unmanufacturcd
11.6
223
336
*4210
Gem Diamonds - uncut or unsct
.9.4
433
751
*4211
Other Gem Stones
7.6
62
95
713
1,122
7,744
23,919
129
262
Total Consumer Goods (manufactured), except auto.
VI.
Imports, n.e.s.
5000
Military Aircraft and parts
5001
Uranium Ores and Oxides - U.S. Government
purchased
5002
U.S. Goods returned, minimum value
Shipments, movies, etc.
Total Imnorts, N.E.S.
Total Imports
1/ Compound Annual Rate
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12.3
-28.1
.
15.4
0
1
1,271
3,106
1,400
3,369
39,997
96,637
.
OPTIONAL FORM NO.
MAY
rpr1!..)04
(41 0114)
GSA F F
UNITED STATES GOVERNMENT
24rP177 o'77
TO
FROM
LA/(-4/
0-ASIA
Treas
B/P Projects
PR-8
8-23-71
t
Under Secretary Volc];er
(Through: Assistant Secretary Petty)
DATE: August
23, 1971
:Wilson E. SchmidO?
SUBJECT: Trade Research Project 7 Characteristics of !.lajor U.S.
Industries in International Trade
Attached is a table showing certain major characteristics of the main U. S. industries which significantly gained
and those which significantly lost in international trade in
recent years as measured by the shift in their balance of
trade from 1965-66 to 1969-70.
Attachment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Buy U.S. ,Savings Bonds .Rcgularly on th( Payroll Savinsr,s PI,;n
Treas - OASIA
B/P Projects
PR-8
8-23-71
Aufiuct 20, 1071
MEMORAUDUM rOR: ShIY rorrx,y
Through: Astiistant Socrctzry Potty
FROM:wilson r, Schilidt
Attached is a table showing certain major characteriaticn
of the r.ain U. S. industricls which significantly gained and
thoe which Gignificantly lost in international trade in
recent years as moacured by the ohift in their balance of
trade from 1965-6 to 19G9-70.
Compared with those indu3tries which lost, the industries
which gaincd appear to have
(1)
higher anotInts of capital relative to wage costs
(2)
hi;har R& D exptzzditures relative to chip:a-cants
(3)
higher capital expendti:ures relative to their
initial stock of capital
(4) a =leder increase in wagos per worker
(5)
a =eller proportion of the value added generated
in the form of wages
(6)
a higher rate of growth on total shiprnnts
(7)
high enough concentration ratios (a statistical
reacure of the degree of corpotition in an industry)
to obtain adequate capital and unacrtake adequate
R TD expenditure but not co high as to cause co=pctitian to talc.e the form chiefly of price cenpetition;
competition- in those industries usually takes the
form of innovational activities such as the Coveloprant of net: products, nal,' methods of production and
new narkets.
Attachnont
Loderor
°ASIA RESEARCH:WESchmidt:nW
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Exec.f;uc.
Ammerman
S/20/71
MAJOR CHARACTERISTICS OF INDUSTRY'S QAIN:NG OR LOSING IN INTERNITIONAL TRADE
1965/66 - 1969/70
zy'z'
44
S.I.C. #
- ,,,,,, 4
,,o;•s,o,`°,;1-,;z'". ;#.:,,'.
.
1 al'N.ci•-'' Ztr•q'
c? •Tz," c;•Li3'n,;° b.4.*
.
4,3
'
Primary Product of Industry
8,b
0, 4
Gainers
*5'
3721
357
3531
281
3674
3729
2821
3585
3722
283
3662
3679
3533
3821
3611
3561
3532
3861
3494
229
%
4. 's' ;'' •..,c.
q,
Aircraft
Office, computing mach.
Construction machinery
Industrial chemicals
Semiconductors
Aircraft eqpt., N.E.C.
Plastics and resins
Refrigeration machinery
Aircraft engines, parts
Drugs
Radio, T.V., Comm. eqpt.
Electronic components, N.E.C.
Oilfield machinery
Mechanicel measuring devices
Electric measuring devices
Pumps and compressors
Mining machinery
Photographic eqpt., supplies
Valves and pipe fittings
Miscellaneous textile goods
Total or average
$ mills.
%
3.58
3.10
3.31
3.60
2.42
3.42
3.23
2.87
3.42
3.00
3.25
2.26
2.92
3.01
2.68
3.08
3.14
3.51
3.00
2.27
20
14
27
17
23
18
13
19
19
24
21
20
20
14
17
23
20
19
18
20
49
52
69
59
55
57
60
66
47
44
43
62
61
53
54
57
62
50
63
72
58
63
74
66
69
65
67
73
56
55
53
76
68
63
66
64
69
61
72
82
3,731
8,162
8,369
46,787
6,856
4,974
32,876
6,142
5,750
14,959
3,736
4,050
9,560
5,927
5,208
7,795
7,766
13,257
7,243
8,702
.87
2.12
1.79
10.14
2.15
1.18
7.40
1.52
1.60
4.86
1.13
1.21
2.35
1.58
1.47
2.01
1.90
3.24
1.72
2.37
4.J 0
fa. t.,..0
-..:7 ,....
,
;21,0
i
"
:Li
'
(..,cb
O"
<V
•
.,
....„..„0
(4"
417
,0
c
'
4 ,
00
;
.&.‘.
0
...,, *
:
v
;
k. c, zr ,j5;f :
6.:
:% (7.:(rti ei
d'4!15 P::14
32
24
34
16
35
37
20
30
29
10
27
34
28
28
29
28
32
17
32
36
4,
....;,' 0
,c- ,;-,,,
Ci
, . 01
.
4
.? •%. 0)
"Y
...f
.:11.
'
0
41 a A 0
00
A•
4 ^',) 4 4 4f -''" SI
l's
1,216.9
461.45
301.15
229.9
170.6
147.45
140.9
121.45
118.25
117.1
110.8
102.95
102.75
102.45
87.95
84.0
68.05
59.35
43.85
43.25
3,230
..,17 •_¢.
'
°4
4
,i'r41.!'
V9
-,
V.
,,,,, Q.,b.• .
.„..-,4,
I'.31
.56
.61
1.64
.74
.43
1.53
.47
.45
.52
.31
.47
%
87
62
49
25
79
35
37
68
37
44
35
105
t
16
25
19
104
36
12
78
21
21
44
14
21
1,
129
65
58
49
115
54
54
87
74
/!;
.6
.43
.57
.60
.59
.59
.88
g
60
47
36
90
39
26
8
17
17
17
14
40
16
20
g3
102
36
50
71
46
41
75
48
46
-C.
cf4Y
&
67
67
45
52
51
NA
32
34
NA
25
21
17
12
15
19
NA
14
15
NA
18.9
18.4
2.7
4.9
19.3
19.3
10.6
1.8
19.3
57
17
.
]3....
22
24
21
36
27
34
67
13
42
15
12
12
11
18
12
10
20
2.7
10.1
3.4
1.8
2."
10.1
24.0
NA
$
1,993.5
1,592.1
1,512.6
1,693.9
416.9
748.7
606.5
392.5
401.5
508.4
523.8
339.2
326.4
379.0
267.2
383.0
173.9
449.1
264.4
81.3
13,053.9
3.05
19.3
28
57
66
10,592
2.63
.64
50
28
65
38
14.5
11.4
3.64
3.90
3.13
3.90
2.88
3.32
2.87
3.25
3.87
3.35
3.07
24
25
24
16
13
19
23
20
11
21
19
32
33
34
38
27
36
33
38
35
40
37
78
75
70
78
67
77
70
70
62
70
72
83
77
76
84
76
83
78
75
67
76
79
12,670
17,159
8,270
33,254
7,499
5,163
6,971
9,082
9,927
8,091
12,758
2.07
2.98
1.82
5.45
1.71
1.00
1.61
1.98
1.97
1.55
2.70
.66
1.08
.64
2.09
.44
.35
.52
.93
.70
.62
.99
18
33
39
14
16
33
48
7
65
55
40
20
30
17
42
19
11
16
10
27
15
24
46
51
45
36
54
56
59
23
81
54
52
79
71
45
49
45
50
66
NA
87
21
26
4
19
14
17
22
11
13
NA
11
12
12
4.9
2.2
5.4
0.7
3.0
3.0
3.0
3.0
11.3
1.5
2.26
.82
21
51
54
13.5
20
12
8
5
11
17
10
18
9
10
11
13
NA
10
18
10
S Mills.
48.3
568.9
145.8
712.2
167.8
226.0
34.3
41.0
39.4
165.0
211.1
106.1
0.0
32.1
83.7
63.9
0.0
234.1
72.0
332.4
3,269.1
Lich Ware Losers
3711
3011
3522
3312
3639
3632
369
3636
3511
354
3315
Mbtor vehicles and parts
Tires and inner tubes
Farm machinery
Blast furnace and steel mills
Household appliances, N.E.C.
Household refrigerators
Misc, electrical equipment
Sewing machines
Steam engines & turbines
Metalworking machinery
Steel wire & related products
Total or average
-1,014.5
-122.8
-101.8
-75.6
-57.2
-43.6
-33.2
-29.6
-19.0
-11.4
-10.8
-1,520
3.38
19.5
35
72
78
2.41
1.93
1.72
1.95
1.63
2.35
1.90
2.54
2.20
2.04
1.77
1.83
1.79
1.87
1.95
1.73
18
25
24
30
30
14
31
23
25
27
24
32
18
28
30
28
31
46
45
43
47
48
30
40
48
46
42
45
39
43
51
38
72
82
78
77
83
81
68
66
80
84
76
85
75
79
89
74
83
91
89
88
91
89
82
74
88
90
88
92
89
89
93
88
3,433
1,216
1,005
1,248
1,094
3,139
4,394
7,140
1,039
8,115
1,566
8,049
1,719
3,866
8,668
1,602
.95
.39
.38
.45
.42
.81
1.51
1.88
.32
2.20
.58
2.52
.63
1.31
2.42
.63
.30
.18
.17
.20
.21
.40
.48
.74
.16
.97
.24
1.21
.25
.58
1.26
.24
70
26
11
23
31
17
35
27
32
41
34
34
-21
38
3
15
15
4
4
3
5
10
18
13
3
20
5
26
8
15
20
5
102
47
43
36
63
59
56
34
53
53
42
56
35
62
39
40
48
26
15
11
27
63
22
33
17
40
25
31
NA
23
33
22
1.97
25.4
43
78
88
3,581
1.09
.41
26
11
51
29
11,895
33.4
7
.
3.5
1,089.1
85.3
370.0
1,214.9
19.6
23.8
258.6
36.8
137.5
630.1
6.5
2,281.7*
202.4
307.9
1,984.5
75.8
58.3
207.6
107.4
38.5
264.0
5".2
3,872
5,564
low Were Losers
3651
3141
236
233
232
3021
3941
3552
2311
2221
238
228
3942
275
2211
234
Radio & TV receiving sets
Shoes, except rubber
Children's outerwear.
Women & misses outerwear
Men & Boys furnishings
Rubber footwear
Games & toys
Textile machinery
Men & boys suits & coats
Weaving mills, synthetics ,
Misc. apparel & accessories
Yarn & thread mills
Dolls
Knitting mills
W,,aving mills, cotton
Women & children's undergarments
Total or average
.Excludes trade with Canada.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-627.0
-278.2
-199.2
-102.2
-96.5
-94.8
-83.6
-67.0
-57.4
-56.3
-51.3
-40.8
-33.6
-32.7
-28.8
-21.6
12.1
NA
NA
NA
NA
NA
2.2
NA
1.8
NA
.3
NA
.3
NA
.3
.6
NA
NA
134.4
8.3
21.6
22.3
63.6
1.0
27.7
178.5
4.2
119.7
7.6
67.7
3.0
37.4
112.0
20.8
830
1.135.2
433.8
441.0
209.5
261.2
179.6
145.4
221.2
87.3
176.8
141.0
151.1
74.1
86.9
1'1.2
38.4
3,955
(Sri s tikL ft:PM P.O. 10
11AY 1,1!IS,;1
P Projec
PR -9
8/24/7)
•
I1141( (41 car) 1,1 -It I
UNFIT.D STATT:; GOVERNNIFX1'
11 ._, C121010,na,:Tin
Under Sret.ary Volcker
(ThroulTh Asistant Secretary Petty)
TO
FROM
:
SUBJKUI:
DATE:
August 24, 1971
Wilson E. Schmidt:
r‘k.t0
Trade Research Project:
Tables on G-10 Country Trade
Attached is a set of tables covering exports from and
imports to G-10 countries in 1969. These tables were prepared by Edith Crammatte. If you have any questions, please
call her on Extension 2909.
Attachment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2..1,irly (11 thr
‘
•C
r).5 P
Date:
August 24, 1971
MEMORANDUM FOR:
(1HROUGH:
SECRMARY C=ALLY
Assistant Secretary Petty)
From:
Wilson E. Schmidt
Subject:
Trade Research Project:
on G-10 Country- Trade
Enlarged and Updated Tables
The tables dealing with geographic patterns of trade
have been revised and information on Australia and Mexico added.
In each case the table shows a minimum of three-fourths of the
country's exports and imports.
Updated tables on the countries for which the U.S. is
a chief supplier or market and data concerning Brazil and Venezuela are in preparation.
Surname
Initiator
Reviewer
Reviewer
Crammntte
Ammerman
Widman
initials
https://fraser.stlouisfed.org
fotrn OS 3129
Federal Reserve Bank of St. Louis
)t,
Reviewer
Reviewer
Ex. Sec.
i
Percentage of Each G-10 Country's Total Exports
Shipped to Other G-10 Countries in 1969*
A Exporting Countries
Canada
Japan
U. K.
Sweden
Switzerland
Germany
71.2
31.4
12.4
6.3
9.5
9.4
5.5
10.8
4.5
6.9
24.1
9.2
_
4.2
3.0
_
4.2
1.8
1.4
.9
1.5
2.9
1.1
1.4
.9
.8
1.1
.7
.7
.7
.6
.8
6.2
1.3
1.6
7.5
.3
.2
2.2
.5
.7
_
4.1
2.5
13.0
2.7
6.9
3.2
_
4.0
3.9
5.9
4.1
1.5
4.5
3.6
1.5
4.5
7.6
2.5
2.0
Gcrmanv
'
rance
,
Ttf1y
e therlands
igium
-Lux.
EC
5.6
3.2
3.3
3.8
2.5
18.4
1.9
.9
.9
1.3
.3
5.8
2.5
.7
.9
1.2
.8
(771
5.7
4.3
2.9
4.0
4.0
1-0-77
11.7
5.2
3.1
4.5
3.3
-2-MT
15.2
8.6
8,8
2.6
2.3
D.s
13.3
8.2
10.2
8.2
39.9
20.4
10.3
5.9
10.8
47.4
19.7
14.5
4.4
3:9
1-275"
29.7
11.6
4.9
13.9
60.1
22.9
21.0
4.3
19.4
-67.6
TOTAL G-10
60.8
89.2
43.9
45.9
52.1
61.5
65.6
64.7
64.7
78.1
83.9
39.2
10.8
56.1
54.1
47.9
38.5
34.4
35.3
35.3
21.9
16.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
U. S.
France
Italy
Netherlands
Belgium -
Importinl.
CcUntrieS
U. S.
Canada
Japan
.
U.K.
Sweden
Switzerland
0'._:::-,:ries
OTAL
Based on export data
Source: International Monetary Fund, 1969 "Direction of Trade"
data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'
4.0
2.0
2.0
Percentage of Each G-10 Country's Total Imports
Obtained from Other G-10 Countries in 1969*
Importing Countries
U. S.
Canada
Japan
U. K.
Sweden
72.6
27.3
13.5
8.6
4.5
6.1
1.3
Switzerland
Netherlands
Belgi',:7
Lux.
11.3
9.7
7.7
.9
.9
1.2
1.0
.8
.9
1.0
1.0
4.0
3.0
3.2
4.5
2.0
3.1
4.0
1.5
2.4
5.7
2.3
1.3
7.0
2.1
1.3
Germany
France
8.5
10.5
8.4
.9
1.5
.8
1.8
1.3
1.6
13.8
8.1
3.0
Italy
Exporting
Ccunf-rics
U. S.
28.8
13.6
3.5
••••
5.9
1.0
1.3
5.6
.6
.6
2.2
.4
1.0
4.0
2.1
2.6
Gcrany
France
Italy
Ntherlands
2e1c;ium-Lux.
7C
7.2
2.3
3.3
1.3
1.9
I-67d
2.5
1.1
• 1;0
.6
.4
5.6
3.0
1.0
.6
.5
.4
5.5
5.6
3.9
2.7
4.9
2.3
I774
19.0
4.3
3.3
4.3
3.2
TTa
29.2
12.1
9.7
3.6
3.5
58.1
13.0
10.0
11.5
9.2
43.7
22.0
10.1
6.4
. 11.4
49.9
18.8
12.4
_
4.0
3.6
38.b
26.5
7.7
4.5
17.9
56.6
23.2
15.9
4.0
14.3
'.:OTAL G-10
G6.6
88.5
40.9
46.4
61.5
80.3
67.3
69.7
60.2
77.3
77.5
33.4
11.5
59.1
53.6
38.5
19.7
32.7
30.3
39.8
22.7
22.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Canada
Japan
Sweden
Switzerland
0;:her
Cc n tries
TOTL
A
GPM
Based on import data
Source: International Monetary Fund, 1969 "Direction of Trade" data.
1 r.ccnta
2
https://fraser.stlouisfed.org ge totalF; may not add
Federal Reserve Bank of St. Louis
duo to rounding.
EVC
57.4
Exports to G-10 Countries as a Percenta9e of GNP*
in 1969
yKrorting Countries
U. S.
Canada
Japan
U. K.
Sweden •
Switzerland
Germany
France
Italy
Netherlands
Belgiun
Lux.
Importing
Countries
u. S.
14.26
3.00
1.98
1.29
2.36
1.78
0.59
1.55
1.59
3.05
0.29
0.68
0.23
0.28
0.19
0.38
0.73
0.21
0.26
0.10
0.09
0.15
0.10
0.25
0.23
0.25
0.33
Canada
Japan
0.96
0.37
0.84
U.1:.
Sweden
Switzerland
0.25
0.05
0.06
1.50
0.06
0.05
0.21
0.05
0.07
_
0.66
0.40
2.66
0.56
1.71
0.79
-
0.77
0.73
1.10
0.44
0.16
0.49
0.51
0.21
0.64
2.69
0.69
0.71
1.78
0.33
0.90
Go=any
7:-.....",,
Italy
NL:thr2r1ands
1.),....
„ ..
...
1,-
0.22
0.13
0.13
0.15
0.10
0.73
0.38
0.17
0.18
0.25
0.16
1.14
0.23
0.07
0.08
0.12
0.07
0.57
0.91
0.68
0.46
0.65
0.64
3.34
2.39
1.06
'0.64
0.91
0.67
5.67
3.75
2.12
2.17
0.63
0.53
9.25
2.53
1.55
1.93
1.55
7.56
2.20
1.12
0.63
1.16
5.11
2.82
2.07
0.64
0.56
6.09-
10.43
4.03
1.74
_
4.92
21.2--72-
10.10
9.27
1.90
8.54
2-9.61
TO:AL G-10
2.42
17.85
4.19
7.34
10.65
15.22
12.41
6.98
9.25
27.53
37.00
Other
1.59
2.17
5.37
8.67
9.78
9.51
6.58
3.82
5.06
7.71
7.12
Cc'.:r.rics
;,:..1, COUNTRIES
4.01
20.02
9.56
16.01
20.43
24.73
18.99
10.80
14.31
35.29
44.12
9
153
.. ... '...•,..• •.,
Gi
(:; BILLION 948
69
Digitized
FRASER on export data
* for
Based
https://fraser.stlouisfed.org
Tn1-orvLIHnnal
Federal Reserve Bank of St. Louis
7
09
Mormtnrv Fund
28
1969 "Direction of Trade" data.
82
28
23
TC:OASTA:PF,!:;1.'..\!Til
Imports from G-10 Countries as a Percentage of GNP*
in 1969
Importing Countries
U. S.
Canada
Japan
U. K.. Sweden
Switzerland
Germany
France
Italy
Netherlands
Belgiu.
Lx.
Exporting
Contrics
U. S.
• Canada
Japan
13.89
2.45
2.47
1.81
2.38
1.71
1.05
1.72
3.78
3.36
••10.
0.40
1.11
0.23
0.18
0.31
0.23
0.50
0.21
0.27
0.11
0.11 .
0.18
0.14
0.33
0.36
0.46
0.43
2.93
2.27
0.85
0.66
0.48
0.53
0.56
0.25
0.39
0.61
0.22
0.36
2.21
. 0.91
0.49
3.05
0.94
0.57
8.21
3.40
2.72
1.01
0.98
16.32
2.12
1.58
1.88
1.50
7.08
2.74
1.26
0.79
1.42
6.21
2.85
1.89
0.60
0.54
5.88
10.32
3.01
1.76
6.96
22.05
10.16
6.97
1.77
6.25
25.15
1.10
0.52
0.67
U.K.
Swcden
Switzerland
0.22
0.04
0.05
1.06
0.11
0.11
0.20
0.04
0.09
Gcrany
.France
-.„........!
NethL-rlands
1-;ium-Lux.
EC
0.27
0.09
0.13
0.05
0.07
0.61
0.48
021
0.19
0.11
0.03
1.07
0.27
0.09
0.05
0.05
0.04
0.50
3:57
4.03
0.91
0.70
0.91
0.68
1/.23
2.54
16.91
3.68
8.45
13.01
22.55
10.94
8.68
9.11
30.13
33.96
9.79
8.18
5.55
5.44
3.76
6.08
8.78
9.31
18.24
21.19
28.10
16.38
12.44
15.19
38.91
43.77
TOTAL G-10
Other
c,
.d
- rics
ALL COUNTRIES
1.26
3.80
2.21
19.12
5,31
8.99
MOM
0.73
0.38
1.02
0.71
0.49
0.90
0.41
NINO
0.55
GtP (1.31LLION) 948
69
167
109
28
19
153
140
Bcd on import data
Source:
https://fraser.stlouisfed.org International Monetary Fund, 1969 "Direction of Trade" data.
Federal Reserve Bank of St. Louis
82
28
1717C•01STA:RICH
23
Geographic Pattern of Trade of G-10 Countries in 1969
Belgium-Luxemburg
Belgium-Lux
Exports to:
% of Total
Exports
$ Millions
Belgium-Lux
Imports from:
% of Total
Imports
$ Millions
Germany
France
Netherlands
U.S.
Italy
U.K.
Switzerland
Sweden
Japan
Canada
22.9
21.0
19.4
6.9
4.3
4.0
2.0
2.0
0.8
0.6
2,304.7
2,115.2
1,947..7
695.1
432.4
404.9
205.6
200.0
76.1
56.3
Germany
France
Netherlands
U.S.
U.K.
Italy
Sweden
Switzerland
Canada
Japan
23.2
15.9
14.3
7.7
7.0
4.0
2.1
1.3
1.0
1.0
2,317.6
1,588.9
1,424.5
766.5
695.1
402.7
214.1
130.5
104.2
97.3
G-10
EC
83.8
67.6
8,438.0
6,800.0
G-10
EC
77.5
57.4
7,741.6
5,733.9
1.1
1.0
0.9
0.9
0.5
0.5
0.5
0.4
109.2
103.5
89.5
89.1
53.1
51.3
51.0
40.9
4.3
1.2
1.0
1.0
0.9
0.8
0.7
0.7
425.2
115.8
100.3
97.9
86.d
79.5
69.4
69.1
88.1
8,788.6
11.9
1,195.7
100.0
9,984.3
Denmark
Spain
Congo Leopoldville
Norway
Hong Kong
Al;:;tria
USSR
Inc:la
Sub -total
89.7
9,025.6
Other Countries
10.3
1,038.4
100.0
10,064.0
TOTAL
Congo Leopoldville
Iran
Libya
South Africa
Saudi Arabia
Argentina
Brazil
,
Australia
Sub-total
Other Countries
TOTAL
Source: international Monetary Fund, 1969 "Direction
of Trade" data.
Prcentage total:; may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC - RESEARCH - OASIA
-
•
Geographic Pattern crade of G-10 Countries in 1969
Canada.
Canadian
E-morts to:
of Total
Exports
71.2
U. 5.
U.K.
7.5
4.2
Japan
Germany
1.9
1.3
Netherlands
0.9
Italy
Franc,0.9
L.elgium/Luxembourg 0.3
Swedon
. 0.3
0.2
Switzerland
Canadian
Imports from:
9,798.7
1,029.3
579.2
259.6
173.4
125.3
119.9
109.3
33.8
34.3
U.S.
U.K.
Japan
Germany
France
Italy
Sweden
Switzerland
Netherlands
Belgium/Luxembourg
72.6
5.6
3.5
2.5
1.1
1.0
.6
.6
.6
.4
9,543.9
731 .6
458.5
G-10
77,C
88.4
5.6
1 1,6 1 9.8
730.0
Japan
Venezuela
Australia
Hong Kong
Mexico
Netherlands Antilles
3.5
2.4
0.7
0.5
0.5
0.4
4 -)8.5
319.6
89.1
67.5
59.3
46.6
Sub-total
96.5
12,66().4
3.5
477.)
39.2
5.7
12,268.3
787.5
Mainland China
Norway
7ndia
Venezuela
:()
- ,.2th Africa
Cxico
Argentina
Spain
Brazil
Jamaica
Cuba
1.1
0.8
0.7
0.7
0.6
0.5
0.5
0.4
0.4
0.4
0.3
0.3
156.0
113.2
96.6
89.6
86.5
74.2
71.1
58.4
52.7
48.9
47.8
37.9
Sub-total
95.0
13,201.2
4.1
553.2
100.0
13,754.4
G-10
- • r-,
Other Countries
TOTAL
Source:
% of Total
Irports
$ Millions
Other Countries
TOTAL
100.0
$ Millions
142.2
130.5
7
77.
72.8
1, 1)'D
International Monetary Fund, 1969 "Direction of Trade" data.
Percentages may not total due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC - RP,SEATTil-qTA
Geographic Pattern of Trade of G-10 Countries in 1969
France
French Imports
From:
% of Total
_Iaports
5.5
4.5
4.1
1.5
0.9
0.8
3,075.7
1,625.3
1,557.6
885.8
821.6
681.7
*620.3
223.3
141.4
120.0
Germany
Belgium-Lux.
Italy
U. S.
Netherlands
U. K.
Switzerland
Sweden
Japan
Canada
22.0
11.4
10.1
3.4
6.4
4.5
3.1
2.0
0.9
0.9
3,824.6
1;930.8
1,755.2
1,465.9
1,106.7
'766.6
542.9
345.2
160.1
153.9
64.7
47.4
9,753.2
7,144.4
G-10
EC
69.8
49.9
12,1 23.9
8,667.3
3.1
2.6
1.8
1.2
1.0
1.0
460.1
398.4
265.1
183.0
149.0
148.2
3.5
:.4
1.3
1.3
1.2
1.2
1.1
599.6
245.1
230.0
213.8
205.6
205.2
184.7
75.4
11,357.0
Sub-total
80.7'
24.6
3,718.1
Other Countries
19.3
3,356.1
100.0
15,075.1
100.0
17,37.0
French Exports
To:
s% of Total
Exports
Germany
Belgium-Lux.
Italy
Netherlands
U. S.
Switzerland
U. K.
Sweden
Canada
Japan
20.4
10.3
10.3
G-10
EC
Algeria
Spain
USSR
Morocco
Denmark
Ivory Coast
Sub-total.
Other Countries
aOTAL
Source:
r 0
J ..,
$ Millions
Algeria
Iraq
Libya
Spain
Morocco
USSR
Ivory Coast
International Monetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC-RESEARCH-OASIA
8-23-71
$ Millions
14,017.9
Geographic Pattern of Trade of G-10 in 1969
Countries - Germany
German Exports
to:
% of Total
Exports
$ Million
German Imports
from:
% of Total
Imports
$ nillion
France
::etherlands
U.S.
2
7 ,-1gium-Lux.
Italy
Switzerland
U.N.
c*:;:en
Ja1,1:,n
Canada
13.3
10.2
9.4
3.2
8.2
5.8
4.0
3.9
1.4
_ 1.1
3,371.9
2,934.6
2,728.0
2,30.3
2,374.5
1,638.9
' 1,176.2
1,122.4
396.9
323.4
France
Netherlands
U.S.
Italy
Belgium-Lux.
U.K.
Switzerland
Sweden
Japan
Canada
13.0
11.5
10.5
9.7
1
0
J.4.0
3 2
3.0
1.6
1.3
3,251.7
2,834.7
2,625.8
2,425.4
2,306.6
1,004.1
2,08.2
741.3
412.3
G-10
EC
65.3
39.3
19,017.6 11,531.8
G-10
EC
66.8
1C,777.2
10,363.4
-\u-.;tria
Ze2nmark
Spain
Y.2cos1avia
43.3
4.3
2.4
1.9
1.5
1.4
1.4
1.4
1,247.3
704.8
561.4
427.6
421.5
419.0
40(3.0
Sub-total
79.7
23,205.2
Sub-total
77.1
19,357.0
Other Countries
20.3
5,806.3
Other Countries
22.0
""; ,744.9
100.0
29,101.5
Norway
;-). Africa
TOTAL
f-,01;rce:
Libya
Austria
Denmark
Norway
USSR
So. Africa
TOTAL
2.6
2.2
1.5
1.4
1.3
1_- 2
651.1
i.31.0
374.2
347.9
334.3
100.0
International Monetary Fund, 1969 "Direction of Trade" data.
Tiercentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC - IIESARCH-nAFJA
Geographic Pattern of Trade of G-10 Countries in
Italy
Italian Exports
to:
% of Total
Exports
$ Millions
Italian Imports
from:
1969
% of Total
Imports
$ Millions
Germany
France
U.S.
Switzerland
Netherlands
Belgium-Lux
U.K.
Sweden
Canada
Japan
19.7
14.5
10.8
4.5
4.4
3.9
3.6
1.5
1.1
0.7
2,311.7
1,701.9
1,272.4
526.7
521.8
457.8
422.4
175.1
123.2
81.8
Germany
France
U.S.
U.N.
Netherlands
Belgium-Lux
Switzerland
Sweden
Canada
Japan
18.8
12.4
11.3
4.0
4.0
3.6
2.4
1.5
1.2
1.0
2,339.5
1,546.6
1,411.4
499.4
493.9
443.2
297.7
G-10
EC
64.7
42.5
7,594.8
4,993.2
G-10
EC
60.1
38.7
7,464.9
4,023.3
2.9
2.4
2.0
1.6
1.4
1.3
1.0
1.0
0.9
345.1
284.5
233.9
187.7
162.2
147.1
122.3
111.7
110.3
3.5
2.4
2.4
2.2
2.0
1.9
1.9
1.8
436.4
304.7
293.7
269.9
246.8
231.
232.8
223.3
79.2
9,299.6
20.8
2,440.5
100.0
11,740.1
Yugoslavia
USSR
Spain
Austria
Libya
Greece
1;.111 Africa
Aagatina
r:cnmark
Sub-total
Othnr Countries
TOTAL
,-)urce:
Libya
Iraq
Kuwait
Argentina
USSR
Yugoslavia
Austria '
Saudi Arabia
("11 -total
Other Countries
TOTAL
150.9
113.2
73.1
21.9
2,726.3
100.0
International :onetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add clue to •rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
!.,FC
P,E51;ARCH-OA:;IA
Geographic Pattern of Trade of G-10 Countries in 1969
Jar-'
France
S-,:itzerland
qwrdc'n
of Total
Exports
31.4
3.0
2.5
2.2
1.2
0.9
0.8
0.7
0.7
0.5
G-10
EC
43.9
6.1
7,014.5
968.4
4.3
3.3
3.8
3.0
3.0
3.0
2.7
2.4
2.0
2.0
1.7
1.7
1.5
1.4
1.2
767.3
614.6
606.4
481.6
476.2
475.6
433.9
390.8
312.6
312.5
277.8
268.3
235.3
232.2
193.5
31.9
13,093.6
18.1
2,898.3
'2.
Japanese
if.x7,-)orts
U. S.
CrInada
Germany
1:2theriands
Italy
40.7
G-10
Er
r
149.5
79.3
59.1
H
6,122.9
--)r)
./ •
r
1,21.5
SI7.6
637.6
463.1
461.6
403.4
397.4
321.2
293.5
2CC.7
265.6
234.6
215.6
210.7
196.3
130.5
86.1
12,936.7
13.9
2,083.9
100.0
TOTAL
15,991.9
Tntrnational Monetary Fund, 1969 "Direction of Trade" data.
15,025.6
Philippines
Thailand
C.nina Mainland
Singapore
R7u;:yus
Scuth Africa
USSR
Tnc":cnr,sa
Sub-total
Other Countries
So-rr-c:
% of Total
Imports
27.3
4.5
3.0
2.2
1.0
1.0
.6
.5
.4
.4
8.1
5.4
4.2
3.1
3.1
2.7
2.6
2.1
2.0
1.9
1.8
1.6
1.4
1.4
1.3
1.2
1.1
Korea
':-ng Kong
:(.-, public of China
Liberia
TOTAL
$Millions
5,017.1
481.1
392.9
348.5
192.9
138.8
123.6
120.2
117.5
81.9
Japanese
Imports from:
U.S.
Canada
Germany
U.N.
France
Switzerland
Italy
Netherlands
Belgium-Lux
Sweden
Prr nt;lc:c!
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100.0
totals may not add due to rounding.
Australia
Iran
Saudi Arabia
Philippines
USSR
nalaysia
Indonesia
India
South Africa
Zambia
Kuwait
China Mainland
Mexico
Peru
Chile
Republic of China
Thailand
Sub-total
Other Countries
ErC - RESEARCH-0:\;;IA
f1/7-3/71
Netherlands
ixrorts to:
Geographic Pattern of Trade of G-10 Countries in 1969
Netherlands
% of Total
% of Total
Netherlands
Exports
$ Millions
Imports
Imports from:
$
Germany
BelcTil;m-Lux
France
U.K.
Italy
U.S.
Sweden
Switzerland
Canada
Japan
29.7.
13.9
11.6
7.6
4.9
4.5
2.5
2.0
0.7
0.7
2,959-2
1,389.6
1,151.0
759.7
492.1
443.4
251.7
201.1
69.3
65.5
Germany
Belgium-Lux
U.S.
France
U.K.
Italy
Sweden
Switzerland
Japan
Canada
26.5
17.9
9.7
7.7
5.7
4.5
2.3
1.3
0.9
0.3
2,915.2
1,954.1
1,065.7
250.0
625.0
427.7
255.0
1 29.2
1 01.3
22.3
G-10
EC
78.2
60.1
7,733.1
5,991.9
G-10
EC
77.4
56.7
8,503.0
6,227.0
1.6
1.1
1.1
0.6
0.6
0.6
154.8
108.4
105.4
59.2
53.7
55.S
Denmark
Ncrway
Spain
Grcce
Finland
USSR
Sub-total
C•Jr Countries
TOTAL
1.5
1.5
1.4
0.9
0.9
0.8
0.6
Libya
Kuwait
Saudi Arabia
Argentina
Iran
Brazil
USSR
83.6
8,330.4
16.4
1,634.8
Other Countries
100.0
9,965.2
TOTAL
Sub-total
..;_Q:... a
10.5
151.0
95.5
6.1
84.9
15.1
1,551.9
100.0
. 10,9:7,9.9
Source: Interntional Monetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC /•/,
Geographic Pattern of Trade of G-10 Countries in 1969
Sweden
Swedish Exports
to:
% of Total
Exports
$ Millions
Italy.
Switzerland
Canada
Ja?an
13.0
11.7
6.3
5.2
4.5
3.3
3.1
2.7
1.4
0.9
742.0
666.3
358.9
296.5
254.3
186.8
178.4
154.9
78.1
53.0
G-10
EC
52.2
27.8
2,969.2
1,582.3
Denmark
Norway
Finland
USSR
Liberia
Spain
10.0
9.9
5.5
2.0
1.8
1.6
568.1
562.6
311.9
111.2
100.0
90.2
Sub-Total
Other Countries
82.9
17.1
4,713.2
975.3
..
UK
Germany
U.S.
France
Netherlands
TOTAL
Source:
100.0
5,688.5'
Swedish Imports
from:
• % of Total
Imports
$ Millions
Germany
U.K.
U.S.
Netherlands
France
Italy
Belgium-Lux
Switzerland
Japan
Canada
19.0
13.8
8.6
4.3
4.3
3.3
3.2
2.6
1.5
0.9
1,123.0
315.4
505.4
254.2
253.3
"3.6
ICC.3
L.
67.3
31.5
G-10
EC
61.4
34.1
3,623.3
2,012.9
7.7
5.9
4.6
2.1
1.7
1.1
452.2
346.6
271.2
125.9
103.0
6:.0
84.5
15.5
4,986.7
915.2
100.0
5,9C1.9
Denmark
Norway
Finland
USSR
Austria
Brazil
Sub-Total
Other Countries
TOTAL
International Monetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC: OASIA
3/23/71
Geographic Pattern of Trade of G-10 Countries in 1969
Switzerland
Swiss Exports
to:
% of Total
Exports
Italy
France
'j .z
Sweden
Japan
Netherlands
B^lgium-Lux
Canada
15.2
9.5
8.8
8.6
6.9
3.2
2.9
2.6
2.3
1.5
G-10
EC
61.5
37.4-
Germany
Austria
2pain
Denmark
ilong Kong
I:orway
Lrazil
$ Millions
706.2
443.6
408:0
399.7
321.8
149.2
136.9
119.3
109.0
70.7
2,864.4
1,742.2
Swiss Imports
From:
% of Total
Imports
$ Millions
Germany
France
Italy
U.S.
U.K.
Netherlands
Belgium-Lux
Sweden
Japan
Canada
29.2
12.1
9.7
8.5
2.1
3.6
3.5
3.0
1.8
0.8
1,545.3
640.7
512.1
447.7
426.6
10.5
104.5
160.5
93.2
42.4
G-10
EC
80.2
53.1
4,2,
!4.6
3,073.6
4.2
1.3
0.9
0.6
0.5
222.6
68.9
49.3
29.6
25.7
5.0
2.4
2.1
1.7
1.3
1.2
233.8
110.5
99.4
80.7
58.6
57.7
•
Sub-Total
75.3
3,505.1
Sub-Total
87.7
4,640.7
Other Countries
24.7
1,150.8
Other Countries
12.3
649.0
100.0
4,655.9
100.0
5,209.7
TOTAL
Source:
Austria
Denmark
Spain
Czechoslovakia
Algeria
International Monetary Fund, 1969 "Direction of Trade" data
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC -
lescarc.
8-23-7:
Geographic Pattern of Trade of G-10 Countries in 1969
United Kingdom
U.K. Exports
to:
% of Total
Exports
U.S.
Germany
France
Canada
Swcfdr'n
r=thr,rlands
3elgium-Lux
Italy
Switzerland
Japan
'12.4
5.7
4.3
4.2
4.1
4.0
4.0
2.9
2.5
1.8
C-10
.....
Ireland
Australia
South Africa
Donmark
Norway
Spain
:;c2',: Xci)land
1.---=e1
Finland
r=
:::.7
-,
Kong
:;irjeria
Iran
53udi Arabia
'...;u-tc,t,-21
.2,169.4
993.6 .
749.0
740.9
722.9
708.0.
693.2
503.2
441.0
308.7
45.9
20.8
8,034.9
3,652.0
4.5
4.4
4.0
2.7
2.0
1.3
1.7
1.4
1.4
1.3
1.2
1.1
1.0
0.8
'/91.2
771.3
703.4
469.4
347.2
323.6
291.2
246.7
243.3
233.2
212.8
189.9
171.9
136.7
73.2
13,166.7
Ccuntris
TrYfAr,
$ Millions
100.0
4,350.2
17,516.9
ini.12rnl[jonal mnnr,t.7rN,
Fund,
https://fraser.stlouisfed.org
s•f••.'111,1
Federal Reserve Bank of St. Louis
U.K. Imports
from
% of Total
Imports
$ Millions
U.S.
Canada
Germany
Netherlands
Sweden
France
Italy
Belgium-Lux
Switzerland
Japan
13.5
6.1
5.6
4-9
4.0
3.9
2.7
2.3
2.1
1.3
2,702.5
1,211.7
1,118.7
931.9
798.7
773.7
535.0
449.4
413.7
250.7
__.
G-10
EC
46.3
19.4
9,246.0
3,863.7
South Africa
Ireland
Denmark
Australia
New Zealand
USSR
Norway
Finland
Kuwait
Lthia
Hong Kong,
Spain
India
Zambia
Nigeria
Sub-total
4.1
3.5
2.9
2.9
2.6
2.4
2.2
2.1
2.1
1.6
1.3
1.4
1.3
1-3
1.3
79.6
Other Countries 20.4
TOTAL
314.6
704.7
533.2
513.8
473.2
.1
.2
416.7
412.8
3C3.7
276.0
. 256.9
23.2
;so.
15,877.
4,073.7
100.0
1969 "Dirc!ction of Trade"
,•
Geographic Pattern of Trade of
G-10 Countries - United States
in 1969
U. S. Exports
To:
% of Total
Exports
Canada
Japan
U. K.
Germany
Netherlands
Italy
France
Belgium-Lux.
S.,itzerland
SYeden
24.1
9.2
6.2
5.6
3.8
3.3
3.2
2.5
1.6
1.3
G-10
EC
60.6
18.4
23,025.9
6,981.2
3.8
2.3
1.9
1.8
1.8
1.6
1.4
1.3
1,449.5
855.3
703.2
699.4
672.0
601.2
517.1
505.5
76.4
29,034.1
23.6
8,954.3
100.0
37,988.4
Lexico
Australia
Venezuela
Korea
Brazil
,,,,
Spain
India
South Africa
Sub-total
C 4-her Countries
TOTAL
Source:
$ Millions
9,138.0
3,489.7
2,335.3
2,117.9
1,446.7'
1,261.7
1,195.3
959.6
605.1
476.6
U. S. Imports
From:
% of Total
Imports
$ Millions
Canada
Japan
Germany
U. K.
Italy
France
Belgium-Lux.
Netherlands
Switzerland
Sweden
28.8
13.6
7.2
5.9
3.3
2.3
1.9
1.3
1.3
1.0
10,339.9
4,383.3
2,603.4
2,120.6
1,203.3
642.5
633.9
466.6
451.6
354.7
G-10
EC
66.6
16.0
24,005.3
. 5,300.2
2.9
2.6
2.3
1.7
1.6
1,029.3
940.1
814.3
616.3
588.1
77.6
27,993.9
22.4
3,062.4
100.0
36,056.3
Mexico
Venezuela
Hong Kong
Brazil
Australia
Sub-total
Other Countries
TOTAL
International Monetary Fund, 1969 "Direction of Trade" data.
1,,,for
Digitized
FRASER
rcontage
totals
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
may not add due to rounding.
EFC
RflSEARCH-OASIA
EC Exports and Imports in 1969
EC Exports
to:
% of Total
Exports
$ Millions
EC Imports
From
% of Total
Imports
$
Intra - EC
U. S.
.
U. K
Switzerland
.r:wcdr,n
Japan
Canada
48.1
7.9
4.5
4.4
2.6
1.0
0.9
36,511.3
5,965.5
3,383.5
3,304.0
1,973.0
740.3
714.1
Intra - EC
U. S.
U. K.
Switzerland
Sweden
Japan
Canada
47.8
9.7
4.8
2.5
2.3
1.2
1.1
36,319.9
7,336.3
3,612.2
1,913.5
1,741.1
339.4
923.2
Total G-10
69.2
52,591.7
Total G-10
69.3
52,640.6
Other Countries
30.8
23,354.2
Other Countries
30.7
23,263.1
100.0
75,945.9
100.0
75,903.7
Total
Source:
Total
International Monetary Fund, 1969 "Direction of Trade" data
Percentages do not add to totals because of rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC: OASIA - Research
8-23-71
Geographic Patterne
Australian
Luorts to:
% of Total
Exports
f Trade of Australia in 1969
$
millions
Australian
Imports from:
% of Total
Imports
$
millions
Japan
U. S.
U. K.
France
Italy
Germany
Canada
Netherlands
Belgium/Lux.
Sweden
Switzerland
25.1
13.7
11.8
3.1
3.1
2.7
2.0
1.7
1.1
0.2
0.1
1,064.3
530.2
501.1
133.2
132.1
114.8
86.5
74.1
46.6
9.3
4.4
U. S.
U. K.
Japan
Germany
Canada
Italy
France
Netherlands
Sweden
Switzerland
Belgium/Lux.
24.9
21.9
12.4
6.3
3.9
2.1
1.6
1.5
1.5
1.4
0.6
1,009.7
808.5
503.7
235.1
159.2
03.9
71.1
62.2
59.4
58.5
25.0
G. 10
64.7
11.8
2,746.6
500.8
G. 10
E. C.
78.2
12.2
3,176.3
497.3
4.5
3.3
2.8
2.3
2.2
1.9
1.4
192.3
138.9
119.1
96.2
93.4
78.8
61.5
2.0
1.5
83.1
83.1
16.9
3,526.8
719.1
81,8
8,2
3,321.2
32.5
100.0
4245.9
100.0
4,060.7
EFC:
OASIA - Research
8/23/71
:-...-07 Zealand
Papua
Clina Mainland
Singapore
Hong Kong
Malaysia
Philippines
Sub-total
Other Countries
Total
source:
New Zealand
Indonesia
Sub-total
Other Countries
Total
International !:lonetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Geographic Pattern of Trade of Mexico in 1969
Mexican
Exports to:
% of total
Exports
$ Million
U. S.
Japan
Switzerland
Germany
Italy
Canada
Netherlands
France
U.i:.
nclgium/Lux.
Sw-'en
56.5
6.7
3.4
2.1
1.3
1.0
0.9
0.6
0.5
0.2
0.1
807.3
96.0
49.2
30.2
25.9
14.9
12.2
8.7
7.6
3.3
.8
G. 10
B.C.
73.8
5.6
1,056.1
80.3
1.4
1.1
20.1
15.4
Sub-total
76.3
1,091.6
Other Countries
23.7
333.5
100.0
1,430.1
Colorbia
Venezuela
Total
Source:
.
Mexican
Imports from:
% of total
Imoorts
$ Million
U. S.
Germany
Japan
France
U. N.
Sweden
Canada
Italy
Switzerland
Netherlands
Belgium/Lux.
62.5
7.6
4.5
4.1
3.1
2.0
1.9
1.9
1.6
1.4
1.2
1,297.9
137.5
94.3
33.1
64.9
40.8
40.1
39.6
13.4
2.2
2.3
G. 10
E.C.
91.8
16.2
1,903.3
336.9
Spain
1.4
29.6
93.2
1,937.9
6.8
140.2
100.0
2,073.1
Sub-total
Other Countries
Total
International Monetary Fund, 1969 "Direction of Trade" data.
Percentage totals may not add due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC: OASIA - Research
8-23-71
Geographic Pattern of Tradeof Brazil in 1969
Brazilian
Exports to:
% of Total
Exports
$ Millions
Brazilian
Imports from:
30.1
12.6
4.7
4.0
3.4
3.0
2.9
2.4
1.7
1.7
1.6
682.0
236.1
105.7
89.9
76.1
67.2
65.6
54.6
38.7
38.1
36.2
G. 10
E.C.
63.1
22.3
1,540.2
503.7
6.9
2.7
2.0
155.9
60.3
44.5
79.6
20.4
1,801.4
461.5
100.0
2,262.9
26.4
9.5
7.1
5.8
4.6
4.3
4.3
2.8
2.6
1.2
0.5
609.7
220.1
164.4
135.1
105.3
99.2
99.1
64.4
59.7
28.6
12.5
G. 10
E.C.
69.2
29.6
1,598.1
683.1
7.4
2,9
1.5
170.7
66.5
33.6
80.9
19.1
1,868.9
441.6
Sub-Total
Other Countries
100.0
2,310.5
TOTAL
Sub-Total
Other Countries
TOTAL
Source:
$ Million
U. S.
Germany
Japan
U. K.
Italy
France
Sweden
Switzerland
Canada
Netherlands'
Belgium/Lux.
U. S.
Germany
Italy
Netherlands
Japan
U.K.
France
Beigium/Lux.
Sweden
Canada
Switzerland
Argentina
Spain
Hong Kong
% of Total
Imports
•
Argentina
Venezuela
Iraq
International Monetary Fund, 1969 "Direction of Trade" data.
Percentages may not total due to rounding.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFC:
OASIA - Research
8/24/71
1969
ela in
u
z
e
n
e
V
Trade of
ttern of
a
P
c
% of Total
i
h
p
a
$ Millions
n
Geogr
a
l
e
u
z
e
n
rts
e
o
V
p
m
I
from:
774.5
Imports
8
l
.
a
8
t
s
4
o
n
148.0
% of T
$ Millio
.
S
.
3
U
.
n
9
s
a
t
l
109.1
Expor
nezuc
1.2
ny
7
a
9
m
r
:
e
o
G
9
t
.
6
84.5
xports
341.3
32.9
Japan
5.3
72.3
11.6
148.2
. S.
U. K.
4.6
71.0
5.0
47.8
anada
Italy
4.5
49.6
1.6
47.3
. K.
Canada
3.1
34.1
1.6
36.8
taly
France
4..2
30.7
nd
1.2
34.6
crmany
Switzerla
.9
1
16.4
1.2
28.3
rance
therlands
e
N
0
.
1
14.7
s
Lux
24.2
1.0
4ether1and
Belgiut0.9
0.8
21.5
weden
Sweden
ux
L
1,404.9
m
u
6
7
i
.
.
g
0
l
Be
88.6
317.0
*
Japan
10
0
G
.
0
2
nd
Switzerla
1,701.8
EC
57.7
190.7
6.5
G-10
577.6
EC
6
.
9
1
141.5
es
ds Antill
n
a
l
r
8
e
.
h
4
t
53.3
e
N
obago
T
d
a
d
i
8
n
.
i
51.2
1
Tr
a
m
7
a
.
49.9
n
1
Pa
l
7
i
.
z
45.6
1
Bra
1,404.9
d
n
a
5
l
1.
44.6
Fin
6
.
8
8
s
e
l
Sub-total
1.5
Virgin Is
181.1
5
Spain
2,665.
4
.
1
1
ntries
90.4
Other Cou
1,586.0
Sub-total
282.6
00.0
1
9.6
TOTAL
ntries
1
.
8
4
Other Cou
9
2,
100.0
TOTAL
" data.
n of Trade
o
i
t
c
e
r
i
D
"
Fund, 1969
l Monetary
a
n
o
i
t
a
n
r
nte
ng.
OASIA
Source: I
to roundi
RESEARCHe
u
d
C
d
F
d
E
a
may not
S/23/71
e totals
g
a
t
n
e
c
r
e
P
le
*Negligib
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
GSA
prmil (ii
PR -10
7/29/71
UNITED STATES GOVERNMENT
liflenzoraildtr,772
TO
FROM
:
SUBJECT:
Under Secretary Volcker
(Through Assistant Secretary Petty)
Wilson E. Schmidt
DATE:
August 26, 1971
Minerals Supply Situation in U.S. and Projected Trade
Balances for Selected Minerals, Metals and Fuels
Attached are two sets of tables: in set 1, Table A shows
the reserves position of the U.S. and the world for minerals
not produced in the U.S.; Table B shows the number of years
of reserve life left in the U.S. and the world for minerals
in short supply in U.S.
The second set of tables shows the projected trade gap
for 1975 and 1980 for selected primary and semi-finished rao
materials.
These tables were prepared by David Blond, a summer intern.
Attachment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.13:g U.S. Saviiv:s nonds &milady on th; Pa roll Saviw Plan
ireas
••
_vt‘oin
B/P Projects
PR-10
7/29/71
aoly 29, 1971
tnr
7-sninor,t
Wilson
17,,
ocrotr.ry l'et"(..y)
_
Nincralo Stipply 5ituat(.:n in U. 5.
;
arc.:
of tolic
r.
Table A prercnts a ,ry
mr.r.cntly rrofiuzxd in thc
rico
cr bcc c
f zeali.171e reat-,!1
gcnc-r1 I1.c
of_
ro:Ir3
corini.dcron3. C.1:1.1.culzAtio. wft1
La.-“id on intericIr 12!:artstlt c.atiat2s
Icft
pcItontialrrU c;rl
.joz j 137C.
Tabla 5 ran.);T.; con.loditinf;- ty 1nn,3th ct tir!'.z1 cf U. S.rvc
if.tft iC currant 1:rc.ductif:.n )7atc=.5..u.t
ScIL4tiat
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
TABLE A•
MERALS IN SI:OU SUPPLY IN THE UNITED STATES
Years)
(Reserves/Current Production
NO CURRENT U.S. PRODUCTION (197)
U.S. Reserves
Mineral
.
1
None
. Beryllium
• 2
.
:
yrs
lu
under
. Cesium and Rubidium
F
.
•
••
World Reser
196 yrs.
N.A.
Columbium
None
533 yrs.
Iodine
None•
91; yrs,
7
small
large
small
:•
.
Mica
•
.11.
.•
,
.
3
• Nitrogen Compound (natural) None
large
• Manganese
•
•
• Quartz Crystal (electric
grade) natural)
4
None
N.A.
N.A. '
•
"-I-
Radium
Rutile
None
! •
1
500,(40 tons
Strontium
None
Tantalum
None
.
300 grams
64 yrs.
••
1 Tin .
•
None
N/A.
62y1 yr.
s
. 18 yrs.
t.
•
1 V.S. Reserves of low grade ote Lnown, not commercially
feasible at present.
2
•
No
U.S. production of ore or concentrate.
.•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3 Synthetic nitroen from ammnoia in plentiful supply.
4 Synthetic cryctal grown on a lasca base.
11.A. JJ# ./.,(61.(`),
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-2
Tal)3o •B
WM: OV'L::t 110
yi:Aw; or
U.S.
- !rves
Pnra
Ilemenite
Iron
Barite
rophyllite
Talc, Soapstone & Py
Potash
Platinum
irconium
Menium
Boron
•
1ho3phate Rock'
ar
Feldsp
Lithium
Arsenic
Grap!lite
Gypsum
Lelium
Sulphur
Sodium Carbonate
Sodium Sulfate
d Minerals
Yayanite and Relate
Lima
liagnesium
Thorium
Asbestos
Bromine
Carbon Black
Diatomite
Tellurium
le!icarch:July 8, 1971
•
World r,eservr2s
less U.S. Vomand
neserve7;
Wor1C.
329
397
114
33S
366
117
46
25
119
73
52
160
0G
71
8297
170
111
110
200
63
41
226
e World Reserrg
La
257
N.A
N.A.
315
549
645
414
35")
18D
775
977
4
90
1034
FLi
78
,Ample
Tremendous
Ample
N.i.
N.A.
e
Ampl
t
es
rg
la
e
th
s
Ample (U.S. ha
known res:,
Am?le
Amnle
Am7.
Ample
e
Ampl
e
pl
Am
Ample
333
N.A.
vironmental pic:D:
en
e
Ample (som
in future, ho.:!cv
seawater)
Ample (byproduct of
N.;
00
14
Large
Large
)Soderate
ct of seawat6r)
du
ro
yp
(b
Ample
Large
Large
Large
Large
reserves for
d
rl
Adequate wo
current demand
•
•
•
fl
Ta'Oo
STAT:S
IA SflO2T SUPPLY ▪ IA
rq)
Yea
=
n
tio
ouc
.Fr
ent
(P.cricrve/Curr
nmiliws
?I:7\1,s P.ESE1'.vr. LITT LEFT
Vliri:PLLS WITH LESS TflA:!
U. S.
•
nr.!serves
5.5
472
yrAns
OF RCSERVE
* Chromium
MINEI:ALS WITH
'ITN
TO TVI:NTY
.s
World Roservr.,
and
Dcm
.
U.S
s
les
.s
11.a-n_r‘a
11.8
13 •
14.3
Cobalt
Mercury
Tungsten
EARS OF
, LS WITH TWENTY TO THIRTY
IIINER7.
World
473
104.5
19
313.1
105
18
34,
r.Esimvn
••••••••••••••
..
.•
lunrwa,s wiTn
THIRTY TO
Cold
•Zinc (Cadmium tc.
Cerminium)
Copper
MINERALS WITH
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
• 22
23
" 29 .
Bauxite (Aluminum)
Vanadium:
Uranium
Silver
rIrTY
Vickel
*Molybdenum
Lead (Bismuth)
rlurospar
Antimony
FIFTY
YEARS OF
212
379
31
18
219
701
54
16
nzsnnvn
45.8
48
20.5
16
21.
20
49.5
42.8
44.
TO ONE-HUNDRED YEP:RS OF
. 55
56
61
72
76
112sEnvn
127
68
21
32.6
52.3
- 125
60
27
• 35
51
(continuo
-4.
O
••••
•
!•1,1r•
•
\•:,.
Attached are Tables 1, 2, and 3 showing projected trade
balances for selected minerals, metals, and fuels. The
projections are derived from Department of Interior projections
of production in the U.S. and demand in the U.S. through the
year 2000. The Interior Department makes two alternative
assumptions for production: Alternative (a) assumes that U.S.
production remains a constant proportion of demand; Alternative
(b) assumes that U.S. production grows at a rate equal to the
trend over the past twenty years. As a consequence, we
show two trade balances for each commodity for each year.
All tables are also divided between Primary and SemiFinished Raw Materials. Primary Raw Materials are mainly
unprocessed ores, while Semi-Finished Raw Materials include
processed ores, and smelted metals.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
••
C,
TABLE 1
INFORMATION
SUMMARY
PRIMARY AND SEMI-FINISHED RAW MATERIALS
SELECTED
FOR
GAP
TRADE
and 1930
1975
(000 0
1975 a
1975 b
1980 a
1980 b
1,031,341
74,877
537,337
1,568,939
63,553
794,773
3,188,973
270,350
2,57,6,483
2,105,455
50,012
1,032,130
5,346,650
41 8,507
3,971,376
1,643,555
'2,427,265
6,005,811
3,207,617
9,736,543
1,233,129
-26,327
1,195,620
1,541,287
-43,746
1,659,503
..
1,795,275
-17,060
2,714,641
1,852,655
-61,167
2,123,387
2,358,050
-7,795
4,233,781
2,402,422
3,157,044
4,492,856
3,914,875
6,584,035
TOTALS
METALS
NON-METALS
FUELS
2,264,470
43,550
1,732,957
3,110,226
19,807
2,454,276
4,984,248
253,290
5,261,129
3,958,110
-11,155
3,175,537
7,704,710
410,711
8,205,157
GRAND TOTALS
4,045,977
5,584 309
10,498,667
7,122,492
16,320,578
1969
PRIMARY
METALS
NON-METALS
FUELS
TOTAL
SEMI -FINISHED
METALS
NON-METALS
FUELS
TOTAL
(- Net Export, 4- Net Import)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TABLE 2
TRADE GAP FOR SELECTED PRIMARY RAW MATERIALS
1975 and 1980
(000
.
1969
.1975 a
1975 b
METALS
Antimony
Bauxite
Bismuth
Chromate
Cobalt
Columbium
Copper
Gold
Iron
Lead
Mrignesium
Manganese
Mercury
Molybdenum
Nirkel
Paladium & Others
Platinum Group
Rarr, Earths
Silver
Tantalum
Tin
Titanium
Zinc
Total
https://fraser.stlouisfed.org
(- Net EN-n
Federal Reserve Bank of St. Louis
rt-c
4-
8,935
165,346
3,699
12,309
2,090
2,681
231,443
6,630
340,219
22,697
1,913
68,776
30,355
-99,055
6,524
22,433
48,828
-260
48,115
3,196
5,287
19,931
79,249
11,639
395,045
4,113
16,093
2,196
3,857
409,978
10,144
396,865
25,550
2,192
77,820
34,410
-139,687
8,606
31,976
68,345
-304
65,956
5,381
5,915
30,927
101,922
1,031,341
1,568,939
7N7nt-
TrrInnrt-c.
12,143
419,747
4,636
16,093
2,222
3,857
1,779,519
. 11,321
514,581
31,966 .5,420
79,374
31,958
-78,184
8,584
31,976
69,048
-300
78,177
5,381
5,915
39,986
115,553
3,188,973
1980 a
1980 b
14,346
624,760
• 4,526
19,877
2,302
5,034
. 588,606
13,692
453,512
28,403
2,471
86,871
38,469
-181,687
10,690
41,519
87,861
-347
83,797
7,566
6,542
41,923
124,722
15,353
674,149
5,574
19,877
2,353
5,034
3,327,618
16,013
688,943
41,238
8,927
89,980
33,560
-57,323
10,644
41,519
89,272
-340
108,244
7,5661
6,542
60,040
151,857
2,105,455
5,346,660
Table 2 (continued)
TRADE GAP FOR SELECTED PRIMARY RAW MATERIALS
1980
and
1975
(000 $)
• 1975 a
1975 b
1980a
1980 b
71,443
5,783
-44,227
4,251
7
32,605
10,478
5,753
8,715
-83,864
67,034
-137
-2,964
89,125
6,372
-68,773
4,959
11
38,034
12,602
9,663
9,986
-134,392
99,358
-189
-3,203
88,961
'7,670
106,800
6,960
-93,363
5,667
15
43,462
14,726
13,574
11,256
-184,929
131,682
- 242
- 5,596
106,486
9,558
74,877
63,553
50,012
418,507
1969
NON -METALS
Asbestos
Clays
Cryolite
Feldspar
Flurospar
Gypsum
Iodine
Magnesium
Phosphate Rock
Potash
Sulfur
T31c
Total
FUELS Coal-Anthracite
-Bituminous
Peat
Petroleum -Crude
Total
-8,420
-584,371
13,631
1,116,07
537,337
(- Net Exports, -4- Net Imports )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-7,490
-764,474
17,039.
1,549,698
794,77,3
-6,430
64
49,315
13,875
10,385
24,-690.
-62,789
131,749
270-,350.
8,608
122
66,025
17,273
15,018
40,669
-41,722
196,470
-645
-4,532
15,902
2,535,118
-6,560
-944,636
20,447
1,982,899
18,170
3,953,851
2,546,488
1,052,150
3,971,376
IMO
TP,ADE GAP FOR SELECTED SEMI-FINISHED RAW MATERIALS
1975 and 1980
(000 0
1969
1375 b
1975 a
1980 a
1980 b
XETATS
Antimony
Cadm4 um '
aromate
Cobalt
Cold
Ircn and Steel
Lead
Molybdenum
Nickel
Tin
Titanium
Tungsten
Zinc
NON-METALS
.
Gypsum
Lime
Phosphate fert:
Total
/7:ELS
Petroleum
Peat
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
1,426
6,593
' 15,198
17,375
450,169
678,842 .
93,150
-8,593
221,991
221,694
995
1,281
122,134
1,526
7,459
15,198
17,762
526,487
1,031,249
135,245
-2,711
221,042
221,694
31,995
2,398
143,706
888
4,661
9,412
15,774
217,989
509,259
74,437
-4,685
135,434
179,161
12,539
605
77,605
1,157
5,619
12,305
16,574
333,523
594,05L
83,794
-6,607
178,730
200,427
22,267
640
.99,807
1,207
6,060
12,305
1763
372,233
770,254
104,837
98
178,256
200,427
• 22,267
1,199
.113,155
1,233,129
1,541,287
1,795,?,75
1,852,655
2,358,050
598
3,021
-29,946
719
3,523
-47,983
791
4,569
-22,420
840
4,026
-66,033
-26,327
-43,746
-17,060
.-61,167
985
6,117
-14,898
1
-7,796
1,195,499
121
1,195,620
1,659,352
151
1,659,503
2,714,500
141
2,714,641
2,123,206
181
2,123,387
4,233,620
161
4,233,781
•
OPTIONAL
rout-4
B P Projects
PR-11
8/25/71
to
HAY tpc,
DITION
GSA rt
./4R (41 CFI.) 101-tf
•
UNITED STATES GOVERNMENT
Mr-CT/20TO:72611772
Under Secretary Volcker
(Through Assistant Secretary Petty)
TO
FROM
:
SUBJECT:
DATE:
August 26, 1971
Wilson E. Schmidt
Tables on Countries for which the U.S. is a Major Trading
Partner
Attached are tables showing those countries for which the
U.S. was one of the five principal suppliers or markets in
1969.
These tables were prepared by Edith Crammatte. If you
have any questions, please call her on extension 5166.
Attachment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Buy U.S.
PS
7:di
Retc!i1,-,Irly on the Pa yrcil Savings Plan
1
Date: August 25, 1971
MEMORANDUM FOR:
Secretary Connally
(Through: Assistant Secretary Petty)
From:
Wilson E. Schmidt
Subject:
Tables on Countries (1) for which the U.S. was one
of the five largest markets, and (2) for which the
U.S. was one of the five Principal suppliers in 1969
The attached tables on the countries for which the U. S.
is one of the five principal suppliers or markets have been
updated.
They include the most recent data available (1969 for
most countries).
These should go under Tab 6 of your Trade Project briefing
book.
Attachments as stated
Initiator
me
cr nrama tto
iniii&s
FormforOS-3123
Digitized
FRASER
pcpzitment cf Tiebst;:i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Reviewer
7:rnny: rman
Reviewer
Widnian
Reviewer
Reviewer
ExccSec
Treas--OASIA
B/P Projects
PR -11
8/25/71
Countries For Which the U.S. Was One of
the Five Largest Markets in 1969
Developed and
Western European
Nations
Rank of U.S.
as z.s. Market
% of Each Country's
Total Exports5hipped
to tho U.S.
$ Millions
Canada
Japan
Iceland
Spain*
U.K.
1
1
1
1
1
71.2
31.4
27.6
19.1
12.4
9798.7
5017.1
29.7
303.5
2169.4
Australia
New Zealand*
Turkey
Ireland
Portugal
Switzerland
2
2
2
2
2
2
13.7
12.3
11.2
10.5
9.6
9.5
560.2
122.7
59.9
93.7
79.7
443.6
Italy
Greece
Germany
South Africa
3
3
3
3
10.8
9.8
9.4
7.1
1272.4
54.1
2728.0
151.9
Denmark
Beigium-Luxembaurg
Norway
Yugoslavia
Malta
Sweden
Finland
France
4
4
4
4
4
5
5
5
8.5
6.9
6.9
6.3
5.2
6.3
6.0
5.5
255.1
695.1
151.3
93.3
1.7
358.9
119.1
821.6
Source: International Monetary Fund, 1969 "Direction of Trade" data
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
* 1968 data
OASIA Research:E
August 25, 1971
Countries For Which the U.S. Was One of
the Five Princi al Su. liers in 1369
Developed and
West-European
Nations
Canada
Japan
Australia
Spain*
Rank of U.S.
as a Saplier
Imports From the U.S.
as a % of Each Country's
Tot- .l Imports
U.K.
1
1
1
1
1
72.6
27.2
24.9
16.8
13.5
9543.9
4094.1
1009.7
590.1
2702.5
South Africa
Turkey
Greece
Ireland
2
2
2
2
17.3
17.0
9.5
;, 8.8
518.7
128.1
151.9
125.7
New Zealand*
Italy
Germany
Netherlands
Sweden
Yugoslavia
3
,
J
3
3
3
3
12.2
11.3
10.5
9.7
8.6
8.5
101.2
1411.4
2625.8
1066.7
505.4
190.2
10.6
447.7
1465.9
230.1
766.5
292.7
60.9
103.4
Iceland
Switzerland
France
Norway
Belgium-Luxembourg
Denmark
Portugal
4
4
4
4
4
4
8.6
8.5
8.4
7.8
7.7
7.7
4.9
Finland
5
5.1
Source:
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
International Monetary Fund, 1969 "Direction of Trade data
* 1968 data
OASIA Rer:earch:ErC
August25 , 1971
Countries For Which the U.S. Was One of
the Five Largest Markets in 1969
Rank of U.S.
as a Market
Asia
% of Each Country's
Total Exports Shipped
to the U.S.
$ Millions
Korea, Republic of
Philippines *
China, Republic of
Hong Kong
India
Fiji
Pakistan
I
I
1
1
1
I
I
50.2
45.2
38.4
35.1
17.9
15.7
11.1
312.2
383.3
393.9
765.2
326.2
8.4
75.6
Indonesia *1/
Malaysia *17
Thailand -
2
2
2
23.8
23.0
14.9
174.5
240.1
105.9
Ceylon
Burma
3
3
8.0
7.0
25.1
11.5
Laos *1/
Singapore *1/
New Caledonia **
4
4
4
13.3
8.8
5.4
0.2
28.6
4.3
Afghanistan *I/
5
12.8
10.6
of Trade" data
Source: International Monetary Fund, 1969 "Direction
* 1968 data
** 1967 data
I/ Data derived from reports of other countries
Note:
Japan is listed in the developed country category
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OASIS Research:EFC
21", 1n71
Countries For Which the U.S. Was One of
the Five Largeot Markets in 1959
Middle East
and Africa
Rank of U.S.
as a Market
% of Each Country's
Total Exports Shipped
to the U.S.
$ Millions
Burundi *1/
Ethiopia
Liberia
Uganda
Icrael
1
1
1
1
1
73.9
42.0
27.7
22.7
18.7
19.8
50.2
54.2
46.3
135.7
Central African Republic *
Malagassy Republic *
Dahomey **
Angola
Ghana
Ivory Coast
Nigeria
Gabon
Mauritius
Malawi *
2
2
2
2
2
2
2
2
2
2
31.7
22.6
19.4
15.7
14.5
13.9
12.4
11.0
5.0
4.7
11.3
26.1
2.3
51.4
47.3
64.2
112.4
16.3
• 3.3
1.9
Mozambique *
Kenya
Sierra Leone
Somali Republic *1/
3
3
3
3
10.5
7.5
5.1
3.5
16.1
14.6
4.8
0.6
Cameroun *
4
10.4
19.7
Tanzania *
Iran *
5
5
5.8
5.4
13.1
74.8
Source:
International Monetary Fund, 1969 "Direction of Trade" data
* 1968 data
** 1967 data
1/ Data derived from reports of other countries
Note: South
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Africa is listed in the developed country category
OASIA Research:EFC
Countries For Which The U.S. Was One Of
The Five Largest Markets In 1964
Latin America
and
Western Hemisphere
Dominican Republic
Republic of Panama*
Bnhamos*1/
French Guiana*1/
Haiti*1/
Mexico
Netherlands Antilles
Trinidad-Tobago
Surinam*1/
Costa Rica
1ionduras*1/
Colombia
Ecuador*1/
Peru
Jamaica
licaragua
Guatemala
Brazil
Guyana
El Salvador
Chile
Bolivia*
GrPenland*1/
Paraguay
Guadeloupe**
Barbados*
Argentina
Bermuda'
Rank of U.S.
As a Market
% of Total
Exports
Millions
1
.1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
90.3
79.5
77.2
74.1
61.3
56.4
55.1
52.4
50.5
43.4
40.4
39.2
37.6
34.8
33.9
33.5
28.4
26.4
25.4
21.3
17.3
35.3
31.2
20.4
18.8
17.8
8.9
136.2
73.2
35.6
8.0
26.4
807.3
345.6
243.4
62.5
72.4
88.6
238.1
89.9
300.7
95.2
53.1
72.6
609.7
30.5
43.1
185.9
60.3
3.4
10.3
6.1
6.5
144.4
3
11.6
7.0
Source: International Monetary Fund, 1969 "Direction of Trade" data
* 1963 data
** 1967 data
1/ Dqta derived from reports of other countries.
7ote: There were no countnies in the Latin America and Western Hemisphere category
https://fraser.stlouisfed.org
(- 4(ML.
_ 1, .1, a-1, iT C'
Federal Reserve Bank of St. Louis
0.111
Countries For Which the U.S. Was One of
the Five Principal Suppliers in 1969
Latin America and
Western Hemisphere
Bahamas * 1/
Mexico
Haiti * 1/
Dominican- Republic
Venezuela
Honduras * I/
Colombia
Bermuda
Surinam * 1/
Ecuador * y/
Bolivia
Jamaica
Republic of Panama
Chile
Nicaragua
Costa Rica
Guatemala
Peru
Brazil
El Salvador
Paraguay
Argentina
Guyana
Uruguay
Guadaloupe **
Barbados *
Trinidad-Tobao
Netherlands Antilles
French Guiana * 1/
Martinique **
Greenland * I/
Imports From the U.S.
Rank of U.S. as a % of Each Country's
Total Imports
as a Supplier
$ Millions
1
1
1
72.3
62.5
61.0
55.4
43.8
48.5
45.8
45.5
44.6
42.4
42.2
41.9
33.9
38.5
37.9
35.1
34.4
30.9
30.1
29.2
26.2
22.0
21.3
13.5
9.5
181.3
1297.9
26.6
.109.2
774.5
82.3
313.3
33.3
35.7
93.0
63.9
185.4
94.6
349.0
67.0
85.7
86.0
186.2
682.0
60.9
13.5
346.4
25.2
26.9
9.5
2
2
2
2
2
2
20.8
14.6
10.0
6.2
5.9
3.0
17.5
70.9
72.2
3.1
6.2
1.4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Source: International Monetary Fund, 1969 "Direction of Trade" data
** 1967 data
1/Data derived from reports of other countries
* 1968 data
were no countries in the Latin America and Western Hemisphere category
There
Note:
https://fraser.stlouisfed.org
for t.-1,i(-11 1- ho 11
fr111,
f-br, f-1)4rii
-1-11 nr fiff-h
Federal Reserve Bank of St. Louis
Countries For Which the U.S. Was One of
the Five Principal Suppliers in 1969
Middle East
and Africa
Liberia
Israel
Kuwait
Tunisia
Libya
Ghana
Iran *
Mauritania * 1/
Lebanon * 1/ Morocco * Nigeria
Gabon
Angola
Somali Republic * 1/
Jordan
Algeria
Ethiopia
Zambia
Ivory Coast
Sierra Leone
Cameroun *
Congo (Brazzaville) *
Malagassy Republic *
Eurundij
Kenya
Chad
Malawi *
Cyprus
Dahomey **
Central African Republic
U.A.R•4
Upper Volta
Uganda
Rank of U.S.
as a Sulzalkir_
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
4
4
4
4
4
4
4
5
5
5
Imports From the U.S.
as a % of Each Country's
Total Imports
33.7
23.6
14.9
19.4
18.7
18.3
17.2
16.1
15.3
13.6
11.8
10.7
10.3
9.7
8.5
7.3
10.0
9.6
8.3
8.3
5.8
5.2
5.0
11.3
7.5
6.5
5.9
4.7
4.7
4.7
5.6
4.2
4.1
Source: international Monetary Fund, 1969 "Direction of Trade" data
* 1968 data
** 1967 data
1/ Data derived from reports of other countries
https://fraser.stlouisfed.org
•
Federal Reserve Bank of St. Louis
$ Millions
38.7
310.8
96.0
49.1
126.4
63.9
239.3
5.7
91.6
75.1
82.0
8.9
33.9
4.1
16.1
58.0
15.6
42.1
27.8
9.3
10.8
4.3
8.6
2.3
24.5
3.7
3.2
9.8
2.0
1.9
37.2
2.2
5.3
OASIA Research:EFC
August 25. ir)71
Countries For Which the U.S. Was One of
the Five Principal SupDliers in 1969
Rank of U.S.
as a Supplier
Imports From the U.S.
as a % of Each Country's
Total Imports
$ Millions
Viet-Nam
Philippines *
Incl 4 a
Indonesia *1/
Pakisi-an
Lacs *I/
AfghanIstan *1/
1
1
1
1
1
1
1
38.7
32.4
29.0
26.7
24.4
23.7
9.8
258.3
415.3
612.8
186.1
245.9
8.4
14.4
Yorea, Republic oc
China, Republic of
Mauritania *1/
_
Thailand
Singapore *1/
_
2
2
2
2
2
29.4
24.2
16.1
15.1
11.6
552.2
291.8
5.7
183.6
111.6
Hong Yong
Ceylon
New Caledonia **
3
3
3
13.4
8.3
7.7
330.4
35.7
6.1
Malaysia *1/
4
9.5
58.9
Asia
Source: International Monetary Fund, 1969 "Direction of Trade" data
* 1968 data
** 1967 data
-1/ Data derived from reports of other countries
Note: There were no countries in the Asia category for
which the U.S. was the fifth largest supplier
Japan is listed in the developed country category
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OASIA Research:E7C,
@FedFRASER