The Archive · 1880

The Enormous Increase in American

EXPORTS, The preliminary report in regard to the foreign commerce of the United States during the year ended 30th Juno, 1880, just issued by the chief of the Bureau of Statistics, shows that during the year just closed both the value of the imports of merchandise into and the value of the exports of merchandise from the United States were larger than during any preceding year in the history of the country. The total exports for the year were $835,703, 024, Total imports, $67,885,565. In 1873 was the next largest, the imports being $52,479,920, and the exports $642,136,210. For ' the year 1879 the exports wore $710,439,441 and the imports $45,777,775. It appears from this report that the value of the exports of merchandise during the year ending 30th June, 1880, exceeded the value of the exports of merchandise during the preceding year about $125,000,000, or eighteen per cent., and that the value of the imports of merchandise during the year ending 30th June 1880, exceeded the Value of such imports during the preceding year about §222,000,000, or fifty per cent. The increase in the value of the imports of merchandise exceeded the increase in the value of the exports nearly $97,000,000, The value of the imports and exports of merchandise during the fiscal year just closed exceeded the value of such imports and exports during the preceding yeat about $347,000,000, an increase of thirty per cent. The rapid growth of the foreign commerce of the country is strikingly exhibited by the fact that the value of the iniports and exports of merchandise during the fiscal year just closed amounted to $1,503,679 489, being about eighty-one per cent. greater than the value of the imports and exports of 1870, and nearly one hundred and nineteen per cent. greater than the value of the imports and exports for 1860.

Text read from the printed page and cleaned; old type leaves the occasional error.

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