HUGE GERMAN TRADE

Greymouth Evening Star, 11 March 1932, Page 10

HUGE GERMAN TRADE

“WORLD’S GREATEST EXPORTER” BERLIN, January 19. Germany’s foreign trade accounts for' 1931' closed with the huge credit balance' of 2,967,000,000 marks (£148,350,000 at par),"or 900,000,000 marks (£45,000,000) inorb than in 193 Q. “Ap almost gigantic achievement,” the “Berliner Tageblatt” calls it. Thp same paper points out with a ipixture of mortification arid pride that “for the first time Germany has become the world’s greatest exporter-” ’December’s contribution to the credit balance of the year was 250,000,000 riiarks, but the ’actual decline in the value of exports from Novem-' her Was only 17,0.00,000 marks. This shows that by the end of the year there was very little justification for tlie complaint of tlie German industrialists that their trade was being ruined by the dumping of countries which had gone off the Gold Standard. Exports to Great Britain fell from 120,000,000 marks in November to 99,000,000 marks in December,. But the disturbance of the normal course of trade ’by shipments in anticipation of British import duties makes it impossible to draw any general inferences from this declirie.