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Farm Exports Cut U.S. Trade Deficit in 1973
U S exports of farm products totaled 12.9 billion dollars for the year ended June 30 1973 boosting the agricultural trade surplus to a record 5.6 billion. Exports rose 60 percent from 1972 while farm imports climbed 21 percent to 7.3 billion. Strong demand and a weak 1972 crop year globally supported shipments with Japan Western Europe and the Soviet Union among top markets. Exports to Japan reached 2.3 billion up 97 percent. Western Europe 4.5 billion. grain and soybeans led gains.
MENTIONED IN THIS ARTICLE
U.S
U.S. Department of Agriculture
Department
Economic Research Service
Soviet Union
Southeast Asia
Australia
Africa
Latin America
Peru
India
Senegal
Western
Europe
Canada
Japan
Western Europe
West European
Russia
Asia
People’s Republic of China
United States
Thailand
United Kingdom
New Zealand
Switzerland
Belgium