Decline of American Foreign Trade in 1930
Drop in Value of Exports and Imports
During the first nine months of 1930 the foreign trade of the United States (exports plus imports) totaled $5,360,347,000. This total was nearly $2,000,000,000 below the total for 1929, when foreign trade reached its highest level since 1920: it was only about $375,000,000 above the total for 1922, when foreign trade touched its lowest level since 1915.
During the fourth quarter of the year American exports ordinarily show a large expansion, due to the movement overseas of the exportable surpluses of staple crops. Imports ordinarily show a declining tendency during these months, having reached their peak for the year in the spring. While a material improvement in exports may be anticipated for the ...