Business: Balance of Trade

Cast up last week by the Department of Commerce's Finance Division were the grand accounts of U. S. foreign trade and international payments for 1936. To foreigners the U. S. sold $2,453,000,000 worth of goods, 8% more than the year before. From foreigners the U. S. bought goods worth $2,419,000,000, an increase of nearly 20%. Result was the smallest balance in favor of the U. S. since the days of Grover Cleveland ($34,000,000 as against $236,000,000 in 1935). Furthermore, the U. S. paid out $60,000,000 more in freight and shipping charges than...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!