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- W110572072 abstract "The pattern of U.S. trade with each of the major areas of the world in 1977 generally paralleled the movement in overall U.S. foreign trade. Export increases to most areas were relatively modest while imports from nearly all regions climbed briskly. Reflecting the persistent sluggishness of economic activity in most industrial countries last year, exports to the developed nations, which as a group account for more than 60% of U.S. shipments abroad, increased at a relatively slow rate of 5%. In fact, sales to these countries in the second half of the year were below the level recorded in the first. Exports to the developing countries picked up momentum slightly, compared to the rate of growth in 1976, but the rise was nevertheless only a modest 7%. Deliveries to both the oil-exporting nations and the others in this group rose substantially in value in the final six months of the year after declining in the January-June 1977 period. Imports from the developed countries, as a group, expanded by 17% in value last year. Although these purchases climbed briskly throughout most of the year, the overall rate of increase was somewhat slower than in 1976. Imports from the developing nations expandedmore » by 28%, also a slower rate than in the preceding year. These receipts declined in the second half, primarily because of a downturn in arrivals of coffee and petroleum. Specific commodities traded with many nations are discussed in the article.« less" @default.
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- W110572072 date "1978-03-13" @default.
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- W110572072 title "1977 trade summary by area: developing nations led way to modest U. S. export gains" @default.
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