Export Fact Sheet and Import Fact Sheet (Fiscal Year 1965-66)

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

No 319895, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: U.S. agricultural exports were valued at $6,681 million -- $584 million above the record set in the previous year. Agricultural exports were 23 percent of the total U.S. exports and were equivalent to 17 percent of the $39,187 million cash receipts from farm marketings in 1965. The output of 78 million acres of U.S. cropland moved abroad in fiscal year 1965-66. The export market accounted for about two-thirds of the U.S. production of dried edible peas; almost two-thirds of the wheat (including flour equivalent); over three-fifths of the hides and skins; over half of the milled rice; over 40 percent of the soybeans and hops; more than one-third of the tallow, grain sorghums, nonfat dry milk, and dried prunes; one-fourth of the tobacco and raisins; and about one-fifth of the dried whole milk, cotton, lemons and limes, and cottonseed. As a share of quantity sold, U.S. exports of grain sorghums were almost half, and corn was about one-third. U.S. agricultural imports increased 12 percent (value) in fiscal year 1965-66. U.S. agricultural imports for consumption were $4,454 million. This increase in imports is the largest since 1950-51, when imports grew substantially from the impetus of the Korean conflict. Imports of supplementary (partially competitive) products totaled $2,473 million, and the increase in these imports accounted for 74 percent of the total increase. Complementary (noncompetitive)items were $1,982 million -- up 7 percent from 1964-65.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 14
Date: 1966-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:319895

DOI: 10.22004/ag.econ.319895

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