The Foreign Trade of Latin America : a Report On the Trade of Latin America With Special Reference to Trade With the United States .. Pt.1
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S» dollars) Year Imports from Latin America ; ; Duti- sPercentrPercent 1 ^®® table y\ free tdutiable 1929 — 8 679 8 335 : 66.9 t : : 1932 -^: 230 : 93 i 71.3 1936 — s 267 8 1937 — 8 339 8 1938 i/ 8 270 8 233 8 53.4 318 8 51.6 177 8 60.3 33.1 28.7 46.6 48.4 39.7 X X. Total United States imports Free 2,843 879 1,385 1,765 1,183 Duti- able 2j 1,556 444 1,039 1,245 767 Percent free 64.6 66.5 57.1 58.6 60.7 Percent dutiable 35.4 33.5 42.9 4L.4 39.3 2/ General in^wrts in 1929 and 1932. 2/ Incliading ...products subject to import excise taxes. 2/ Preliminary. Sources Compiled from official statistics of the U. S. Department of Commerce. Year to year changes in the ratios of free or dutiable trade are the result of many factors. Fluctuations in the relative importance of duigr-free imports could be caused ty the transfer of iii5)ortant com- modities between the dutiable and the free lists, the increase of duties to such heights as materially to restrict the importation of those products subject to such duties, variations in industrial activitgr lAiioh would increase or reduce demand for either dutiable or duty-free products, fluctuations in the prices of dutiable and duty-free products, a tem- porary shortage in the United States vrtilch would impel increased impor- tation of dutiable or duty-free products, and technological developments or war conditions which might stimulate the demand for either dutiable or duly-free products.
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