Export Fact Sheet and Import Fact Sheet (Fiscal Year 1964-65)

Trade Statistics and Analysis Branch, Foreign Development and Trade Division, Economic Research Service

No 319889, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: U.S. agricultural exports in fiscal year 1964-65 were record high. Value totaled $6,096 million, slightly above the previous year's $6,067 million. The export value was equivalent to 17 percent of the $36,899 million cash receipts from farm marketings in 1964. One out of every 4 harvested acres produced for export. The output of 71 million acres of U.S. cropland moved abroad in fiscal year 1964-65. The export market accounted for over half of U.S. production of wheat, milled rice, dry edible peas, and soybeans; over 40 percent of the nonfat dry milk, tallow, and hops; almost one- third of the dried prunes and cottonseed; about one-fourth of the cotton, tobacco, raisins, grain sorghums, and flaxseed; and one-sixth of the corn, barley, lard, and dry edible beans. U.S. agricultural imports declined 3 percent (value) in fiscal year 1964-65. U.S. agricultural imports for consumption totaled $3,988 million. Volume declined by 6 percent with a 3 percent drop in supplementary items and a 9 percent decline in complementary products. The value decline also reflected smaller imports of both complementary and supplementary products. Imports of supplementary commodities fell to $2,129 million in 1964-65 from $2,225 million a year earlier. Complementary items totaled $1,859 million, only slightly below the $1,871 million in 1963-64. The value of per capita imports of farm products has changed relatively little since the 1920's. In 1925-29, the United States imported agricultural products at the rate of $19 per U.S. capita compared with about $21 in 1964-65. The import quantity index rose to 103 (1957-59 equals 100) in fiscal year 1964-65 from an average of 95 in 1925-29.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 14
Date: 1966-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:319889

DOI: 10.22004/ag.econ.319889

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