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Show oo t WORLD'S LARGEST f EXPORTER. The United States is still leading the world as an exporter of manufactures. manufac-tures. The total value of manufactures exported from this country in the cal-i endar year 1919 was $3,4Sfi,000,000. j This figure of $3,4S6.000j000 worth ; of manufactures exported in 1919, says I a statement by the National City BanI-. i Of Kpw VnrTr lpavne lVir Ttnltorl Ctntnr - - w..., j nil vjuii.u ijiaii; still clearly in the lead as an exporter of manufactures. In the year precod' fng the war, (1913) our exportation oi manufactures amounted to $1,117,000, (00. and in 1919, the first full peace year following the war, $3,480,000,000, or three times as much in value in 1919 as in 1913. This phenomenally large total of manufactures exported in the first full tfeace year, $3,4S6,000.000, keeps us, says the bank's statement, at the head $1 the list of world's exporters of manufactures. man-ufactures. .Prior to the war the Unitod States ranked third among the list of nations exporting manufactures, Great Britain being first, Germany a close second, and the United States third, with France a close fourth. With the beginning of the war the outflow of manufactures from the European countries was greatly reduced. re-duced. Germany, of course, was cut off absolutely from the world markets, and the manufacturers of Great Britain Brit-ain and France found it necessary to turn their attention especially to the requirements of the home "market. This left the United States the chief manufacturing country upon whicli the allies could call for military supplier or upon which the non-manufacturing world, Asia, Africa, Oceania, South America, and North America outside of the United States, could draw for their daily requirements of manufactures. manufac-tures. As a consequence there came an enormous increase in the exports of manufactures from the United States, ' which jumped from $1,117,000,000 in 1913, the last peace year prior to the . war, to ?3,5S6,000,000 in the first peace year following the war. This phenomenal phenom-enal increase in our own exports, coupled cou-pled with the decline in the exports of 'our former rivals has placed us clearly in the load among the world's exporters export-ers of manufactures, for of course, jiione of our former rivals, -except possibly pos-sibly Great Britain, has made any considerable con-siderable progress in the re-establish-Imcnt of their cxportations of manufactures. manufac-tures. The only country In which the exports ex-ports of manufactures in 1919 approximate approxi-mate those of the United States, says the hank's statement, is Great Britain, whose official figures show total exports ex-ports of all domestic products in the full year (if based upon the normal valuation of the pound sterling) $3,-SS3.000.000, $3,-SS3.000.000, and of "articles wholly or jmainly- manufactured" $3,075,000,000 ins against our own total of $3,1,86,000,-!000 $3,1,86,000,-!000 of wholly or mainly manufactured jnrticles inthe same porlod. i Of course it is not assumed, says the bank's statement, ihat the large Increase In-crease in value of our exports of manufactures manu-factures In 1319 over that of 1913 means a corresponding increase in quantities sent out of the country, for .doubtless the average valuation of thn j.-.rtlclcs expected is fully double that of lie pre-war period, but as this condition condi-tion would also apply in the figures of I lother countries it seems apparent that the United States still stands at the head of the world's exporters of manufactures, man-ufactures, though the rapid gains made jby Great 13rita5n in 1919 indicate that a maintenance of our present rank will require close attention to this line of foreign trade by the manufacturers and exporters of the United States. |