The foreign trade of the United States; its character, organization and methods . that country buys only a little over one-third ofher imports from us. The condition in regard to our tradewith every one of the important South American republicsis the same, our exports falling far below our imports invalue, although this was not the case with respect to Argen-tina imtil after the outbreak of the World War. The result is that while we regularly obtain from one-fourth to one-third of our imports from Latin Americancountries, these countries afford a market for only one-tenth to one-eighth of our
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The foreign trade of the United States; its character, organization and methods . that country buys only a little over one-third ofher imports from us. The condition in regard to our tradewith every one of the important South American republicsis the same, our exports falling far below our imports invalue, although this was not the case with respect to Argen-tina imtil after the outbreak of the World War. The result is that while we regularly obtain from one-fourth to one-third of our imports from Latin Americancountries, these countries afford a market for only one-tenth to one-eighth of our surplus commodities, and, con-sequently, our purchases from these countries fall not farshort of double our sales. In the years 1918 and 1919our exports more nearly approached the value of our im-ports from Latin America. But in normal times Europeanproducts have been preferred there. The reasons for this are various, among which may bementioned the early hold other countries, such as Englandand Germany, obtained in Latin American markets, the 64 FOREIGN TRADE OF UNITED STATES. Imports . - — Exports i IMPORTS AND EXPORTS OF THE UNITED STATES, 1860-1916 IMPORTS OF THE UNITED STATES 65 EXPORTS TO