Table 32.-Principal Commodities in Trade of the United States With Spain—Con.

1 Less than 500.

Not shown separately.

3 Household refrigerators only.

Figures for 1929 and 1932 have not been adjusted for minor transfers in classifications of later years.

SWITZERLAND

United States imports from Switzerland declined relatively less in value in 1958, we compared with 1937, than our total import trade. The 10% total of 23,087,000 was considerably above the value of our Imports from Switzerland in all recent years except 1937.

Though United States purchases of an appreciable number of Swiss products decreed in 1938, the major part of the decline in the total Value of imports was attributable to substantially smaller receipts of watches, aluminum, and textiles. Other imports, especially cheese and watch parts, showed increases in 1938. The increase in the quantity of cheese imported, as compared with the quantity in 1937, was nearly one third; but, since prices were low in 1938, the value of chopsp imports increased only one-eighth. As usual, watches ranked test among the import commodities in 1938. Cheese, dyes, and aluminum ranked next in importance in the order named.

Since in (sorland has no seaport, large quantities of United States goods, approdited in our statistics to bordering countries through which they pares, are received in that country indirectly. For this toon the statistics of United States exports to Switzerland, which govor direct shipments only, are not shown in table 33. The total Value of the direct exports may be seen in table 18.

fully Priapupat Commodities Imported Into the United States From Switserland

Yes 400 "gonal import" in 1997 and 1982 and "imports for consumption" in 1937 and 1938.

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184 139

es.

According to Swiss statistics, which include both direct and indirect shipments, United States merchandise imported during 1938 totaled 125,257,000 francs (or $28.648,000 United States currency), as compared with 126,185.000 francs ($28.944.000) in 1937. In the Swiss statistics, imports of cereals increased substantially in 1938 as a result of the exportable surplus of grain available in the United States at relatively low prices. United States automobiles and metalworking machinery shared in the advance in total Swiss imports. The small decline in the 1938 total, as compared with 1937, was accounted for principally by smaller shipments of raw cotton and copper. Petroleum products constituted 16 percent of Switzerland's total imports from the United States in 1938; automobiles were 11 percent of the total; machinery, 9 percent; gasoline, 7 percent; copper, 7 percent; and raw cotton, 6 percent.

More complete information regarding the official statistics of Switzerland's imports from the United States than is given in the preceding paragraph is available in the World Economic Review, 1938, and in the Foreign Commerce Yearbook, both published by the United States Department of Commerce.

UNION OF SOVIET SOCIALIST REPUBLICS

The increase to $69.691,000 in 1938 (a gain of nearly $17,000,000, or 62 percent over 1937) in United States exports to the Union of Soviet Socialist Republics was the largest absolute expansion recorded

1901-1905 1906-1910 1911-1915 1916-1920 1921-1929 1926-1930 1931-1935 1936-1940 Figure 24.-Trade of the United States With Union of Soviet Socialist Republica Imports Negligible 1921-22).

for United States exports to any one market in 1938. The exchange of commodities in 1938 was made within the provisions of the commercial agreement in effect between the United States of America and the C. S. S. R. Under the agreement, which was renewed in August for another year, the Soviet Government obligates itself to purchase $40,000,000 worth of United States goods within one year

Tai 20 dollars

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s for the extension of the benefits of United States tradepayment yabessions given to countries except Cuba) to their Ander the several extensions of the commercial agree voy port exports to the Soviet Union have shown a marked

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Pompal Commodities in Trade of the United States with the Union ye Setit décimini Republies in Furope and in Asia 1

vakkor etappis, amalgade on's Pyle, Sister produrts. Import commodities are *** NA AN EX Nonsun,Ar* r "95" and 1936.

Table 34.—Principal Commodities in Trade of the United States With the Union of Soviet Socialist Republics in Europe and in Asia—Continued

1992.

The relatively small trade with the Republics in Asia is included in the item “All other” in 1929 and

: Less than 500.

1 Figures for 1929 and 1932 have not been adjusted for minor transfers in classifications of later years. *Not shown separately.

The increase in United States exports during 1938 was due to the intensification of the industrialization process now in progress in the U. S. S. R. and to a strengthening of the Soviet defense industries. Approximately one-half of the exports consisted of metal