1924 Record Highest Next to Boom Year of 1920
Manila, Sept. 20.
The total foreign trade of the Philippine Islands, as shown by Customs Bureau reports, amounted to $243,365,000 in 1924 which was the largest figure yet reached with the exception of the boom year of 1920, Total exports for 1924 were valued at, $135,345,000 as compared with $120,752,000 in 1923, while imports during 1924 aioounted to '$108,010,000, an increase of $20, 500,000 over 1923. The balance of trade in favour of the Philippines, therefore, was $27,335,000 in 1924.
Of the total exports, valued at $97,513,000 or mately 72 per cent. were taken by the United States, Great Britain was the next in importance, receiving goods valued at $9,428,000, Japan was third with '$6272,000 and Spain fourth -with 94465000. Of the imports the United States supplied goods valued at $60,308,000 or almost 56 per cent. of the total.
Sugar was the largest single item the island and) approximately 31, per cent. of the total exports. Manila hemp was the next item of importance amounting to 22 per cent. followed by coconut oil with 14 per cent. and copra with 11 per cent.—Reuter's Pacific Service.
Text read from the printed page and cleaned; old type leaves the occasional error.