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According to figures compiled by the Mexican Bureau of Statistics, the leading six countries engaged in commerce with Mexico, figured as follows in importations during the fiscal years 1903 and 1904:

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The imports from other countries were in the main inconsiderable. Thus, from Italy they amounted in value to less than $600,000 ($594,994) and from Austria-Hungary to $501,186. The gain in imports from the United States amounted to $1,812,812, while the gain of France also amounted to nearly $1,000,000 or $934,784. Germany, which in 1902-3 had scored a considerable gain over the preceding year, showed a slight falling off in 1903-4. Engand's loss is substantial, as is that of Belgium.

The following table shows the percentages in value of Mexico's imports from the six leading countries during the two years under comparison:

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The detailed imports during the month of June and fiscal years were as follows:

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The following table shows the valuation of Mexican imports during the periods under comparison with reference to their countries of origin:

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The returns indicate a very satisfactory condition of the export trade of the Republic in the fiscal year under review, as compared with the preceding twelve months.

The six nations from which Mexico buys gold to the value of more than $1,000,000 gold, in the course of a year are also, with one addition-the island republic of Cuba-Mexico's best customers. These seven are the only nations which buy from Mexico products to the value of more than $1,000,000 silver in a year.

The following table of the values (in silver) of Mexico's exports to the countries in question demonstrates this fact:

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Of the European countries, France shows the greatest increase, while Great Britain shows a falling off of considerable volume, and both Germany and Spain show fair increases. The exports of Mexico to Cuba consist almost wholly of cattle.

The following table, prepared on the basis of the figures contained in the official bulletin, shows the percentage, by value, of the exports taken by each country to the total value of exports during the two years under review:

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In 1903-4 all the countries of Europe together took 25.55 per cent of Mexico's exports, against 71.95 per cent taken by the United States; and in 1902-3 Europe took 24.28 per cent of the total exports, against 72.31 per cent taken by the United States.

The details of the export trade for the periods under comparison show the following classification and figures:

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The exports, divided into precious metals and other articles, are shown in the following table:

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Following is a statement of the valuations of Mexican exports during the periods under comparison, with reference to their countries of destination:

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TRADE WITH THE UNITED STATES.

The trade of Mexico with the United States in 1902, 1903, and 1904 is represented by the following figures:

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The exports, by articles, from the United States to Mexico during the fiscal years ended June 30, 1893, 1897, 1901, 1902, and 1903, according to figures reproduced from reports of the Bureau of Statistics of

Bull. No. 2-04--13

the Department of Commerce and Labor of the United States, were as follows:

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