WORLD TRADE.

Hawera Star, Volume XLV, 21 December 1925, Page 5

WORLD TRADE.

BACK TO PAR NEXT YEAR. ALMO-T REKMYERELD. FROM WAR LOBBEB. The world will be hack to “par’ next year. Thai i,s the .opinion of the National Foreign Trade Council, of America, which has been studying international trade figures from 1913 to the present, and finds that world trade has almost recovered from the blow delivered it by the war. The trade council finds that fifteen principal exporting nations of the world, inchidinig the United States, which carry on more than 80 per cent, of the world’s/ export, trade, showed a combined total of exports at the' end of the 1925 fiscal year of about 15,055,000,000 dollars. Expo rite in 19113 amounted to 15,800,000,000 dollans, and, comparing this with 1025 figures, the council declares “the proportionate recovery is within! 5 per cent.” ALLOW FOR DEFLATION. These figures allow for all deflation and ai-e reduced to 1913, values ami to bread, meat and clothing values. The council believes that the World War shook world trade so that it will have taken, twelve years to recover. To the United States goes a major portion of the credit for restoration, as Anherioa’s' increase in the value of her world trade has been more than 30 per cent, since 1913. Canada, with a gain of 90 per cent., Japan with 64 per cent., .and Australia with 34 per cent.—all have exceeded the proportionate gain of America, but our increase amounts to. 800,060,000 dollars, far in excess of that of any other nation when reduced' to 1913 values. SOME NATIONS LOSE. However, all countries have not recovered as quickly as these, and oi: the dark side of the universal- ledger the council notes that Germany’s real export trade loss lias been 47 per cent., Belgium’s 34 per cent., and Great. Britain 5% per .cent.” Russia' shows the greatest reduction —'B4 per cent., which is the heaviest loss in real trade .suffered anywhere in the world.

A surprising -showing to the layman is that France lias gained more than any other European country. In 1913 her export® were 1,328,000,000, and at the end of the fiscal year they .amounted to 1,650,000,006—a 25 per 1 cent.; gain.