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Dollar Sales to Europe and Asia Led $1 Billion Increase in Fiscal 1963-64 Exports

Author

Listed:
  • DeBlois, Eleanor N.

Abstract

Excerpts from the report: U.S. agricultural exports in fiscal 1963-64 reached a record high of $6,074 million, nearly $1 billion above a year earlier. Practically all of the increase was in commercial sales for dollars, which totaled $4,489 million. Dollar sales to all areas increased, with the major increases occurring to Europe and Asia. The continued advance in economic activity in Western Europe and Japan, stronger demand for meat and livestock consumer products, growth in livestock industries in these countries (resulting in increased demand for feed grains, oilseeds, and high-protein meal), and unfavorable wheat harvests in Western Europe and the Soviet Union contributed to the rise in exports for dollars. Exports under Government-financed programs totaled $1,585 million, slightly above the previous year. Those to Asia accounted for over half the total. Those to Africa and Latin America, which have increased substantially over the past 5 years, represented one-fifth and one-eighth of program exports.

Suggested Citation

  • DeBlois, Eleanor N., 1965. "Dollar Sales to Europe and Asia Led $1 Billion Increase in Fiscal 1963-64 Exports," Miscellaneous Publications 319880, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:319880
    DOI: 10.22004/ag.econ.319880
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