ABSTRACT
Table 9.4 provides a broad picture of changes in the direction of US foreign trade between 1951 and 1990. During that time, US foreign trade has increased greatly, even after inflation is taken into account, so percentages are used to facilitate comparisons. The composition has also changed, with increasing imports of oil and of manufactures. Since the Second World War the positions of Canada and the UK have not changed much, but the relative importance of the rest of the EU has increased. The most marked increase in trading has been with Japan and the other countries of East Asia referred to above. On the other hand, the contribution of Latin America to US foreign trade has diminished substantially, following an increase during the Second World War, when trade with most other areas in the tropics was difficult, if not impossible. India and Malaya were important sources of US
