ECONOMIC INTELLIGENCE WEEKLY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001500140031-3
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 18
• Document Creation Date: December 21, 2016
• Document Release Date: February 19, 2008
• Sequence Number: 31
• Publication Date: September 13, 1973
• Content Type: REPORT

c~114 4E~ lra 73 09 /i'
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
25X1
Secret
L,OMI COPY
BMW to USB
1111101,1146
Economic Intelligence Weekly
On file Department of Agriculture
release instructions apply.
State Dept. review
completed
Secret
CIA No. 7789/73
13 September 1973
165
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
SECRET
Page
Nigeria: Major Supplier of Crude to the United States 1
Romania May Invest in US Coal Company 1
International Monetary Reform 1
OPEC to Meet on Revising Oil Price Agreements 2
Developments in US-EC Article XXIV: 6 Negotiations 2
Libya Buying a Small Tanker Fleet 2
Money Market Developments 3
Indonesia to Supply LNG to the United States 3
Chile's Economy: Picking Up the Pieces The new military junta
faces a monumental task in rebuilding the Chilean economy. 4
China's Record Purchases of Western Machinery Purchases since
early 1972 are running three to four times the level of any previous
two-year period.
Worldwide Grain Developments 6
New Moves to Develop Canada's Tar Sands Rising world oil prices
are spu 'ring major investment decisions in Alberta.
The Soviet Economy Heading for a Good Year The Soviet economy
it! 1973 may grow by about 6Y2%, compared with the meager average
of 3% in 1971-72. As in 1964 and 1970, also banner years, the
recovery reflects a transition from a poor to a good agricultural
year.
France: Progress Toward a Commercial Breeder Reactor French
prototype fast breeder reactor, second largest in the world, is
operating.
Comparative Indicators
Recent Data Concerning Domestic and External
Economic Activity
Note: Comments and queries on the contents of this publication are welcomed. 'Xlxey may be erected
i
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
SECRET
ECONOMIC INTELLIGENCE WEEKLY .
Notes
Nigeria: Major Supplier of Crude to the United States
Nigeria has displaced Venezuela as the second largest source of US
imported crude oil. The United States now takes almost 500,000 barrels
per day of Nigerian production of about 2 million b/d. Venezuela has
dropped to fourth largest supplier, behind Saudi Arabia, while Canada has
remained first. Low sulfur content and proximity to the US east coast make
Nigerian rail particularly attractive.
Romania May Invest in US Coal Company
Bucharest has expressed interest in investing in a US coal company
for the purpose of obtaining 2 million tons of coking coal (worth $40
million) per year during a 10 to 15 year period. The bulk of Romania's
current coke supply of about 3.5 million tons annually come:; from imports
of coke and coking coal from the USSR, Eastern Europe, and China.
Romanian officials are dissatisfied with the poor quality and irregular
delivery of coking coal from Communist sources. Romanian interest in
purchasing US coking coal dates back to 1970.
International Monetary Reform
Agreement on an acceptable draft outline for monetary reform now
seems unlikely in time for the Nairobi IMF meetings. At the recent meeting
of the C-20 Deputies, which ended in deadlock, the Europeans took a less
conciliatory position than at the July meetings and spoke of a hardened
US position. The same basic issues remain in contention: the nature of
the balance-of-payments adjustment. process and the extent of currency
convertibility. The US proposal that changes in the level of international
reserves be relied on to indicate the need for balance-of-payments
adjustment - an idea that seemed to gain ground. earlier this year - was
severely criticized in this negotiating session, especially by the French. The
Europeans are opposed to subordinating their economic policies to the
dictates of reserve levels.
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
OPEC to Meet on Revising. Oil Price Agreements
The Organization of Petroleum Exporting Countries (OPEC) will
convene a ministerial meeting in Vienna on 15 September to discuss revising
oil price agreements with Western oil companies. The member countries
generally agree that accords signed with the companies in 1971 have neither
adequately protected them against accelerated worldwide inflation nor
adequately compensated them during the current sellers' market for oil.
The meeting almost certainly will produce an OPEC resolution calling for
immediate negotiations with the companies on a new system for periodically
revising oil prices. With the oil producers holding most of the marbles,
sharply higher crude oil prices are in the offing. A new agreement probably
will include a provision tying government oil revenues to market prices when
they rise above tax reference prices.
Developments in US-EC Article XXIV:6 Negotiations
Last week's EC working-group meeting concluded with little softening
in members' positions on compensation for damage to US exports caused
by the Community's enlargement. Although the EC Commission had
prepared a tentative list of 30 concession items, members remained unable
to agree on a package proposal. Italy continued to oppose reductions in
citrus and tobacco tariffs, the United Kingdom maintained its stand against
lowering tariffs on vehicles, and France held to its hard line on
compensation. Some progress toward a unified EC position probably will
be achieved once this week's GATT Ministerial meeting is out of the way.
An EC offer on compensation to the United States is not likely soon.
Libya Buying a Small Tanker Fleet
Libya has taken steps to develop its own tanker fleet. Since May 1973
it has ordered four tankers totsl:ng more than 400,000 DWT from Japanese
shipyards. Deliveries of two 86,000-DWT vessels are scheduled for late spring
1974, and two of 118,000 DWG' are due in 1976. These will join two
Spanish-built 47,000-DWT tankers purchased in mid-1972, one of which
is to be delivered later this month. The four tankers ordered from Japan
are small by world standards and probably will be employed for short-haul
operations in the Mediterranean and Black Seas. With this fledgling tanker
fleet, Libya probably will be able to handle about 5%-10% of its petroleum
exports, now amounting to about 2.2 million barrels per day.
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
Money Market Developments
The dollar weakened on European money markets during the past week
in large part because of sterling's difficulties. Sterling since mid-August has
declined almost 5% relative to the currencies participating in the joint
European float. Contributing factors in the decline were the belief that
the UK Government would pursue expansionary policies at the expense
of increased inflation, lack of labor support for the government's incomes
policy, and expectations of growing trade deficits. In Tokyo, the dollar
remained essentially unchanged as the Bank of Japan continued to sell
moderate amounts to prevent the yen from depreciating
Indonesia to Supply LNG to the United States
The first agreement for US purchase of natural gas from Indonesia
was signed during the past week. This deal preempts arrangements that were
being negotiated between Indonesian and Japanese interests for all the
output of major gas fields at two sites, one in North Sumatra and the
other in Kalimantan. Deliveries to Pacific Lighting Corporation will come
exclusively from the North Sumatran fields and are to continue for
20 years, beginning in 1978. The shipments are to reach some 550 million
cubic feet per day by 1980, yieldii g Indonesia more than $100 million
annually. Japanese interests will now have to settle for the remaining
Indonesian gas output, which will probably be sufficient to permit additional
exports of more than $100 million annually.
3
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
25X1
25X1
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
Chile's Economy: Picking Up the Pieces
The new military junta confronts an economy in chaos. Economic
disorganization has become particularly severe during the past month as
a truckers' strike worsened an already grim food supply situation. The new
regime should be able to improve internal distribution unless leftist terrorist
activity erupts. It will still be faced with acute food and raw waterial
shortages for the next few months. The generals have already appointed
the leaders of the gremialista movement (an alliance of small, middle-class
business interests) as civilian advisers. This move should assure the support
of the private sector, especially the truckers.
Any improvement in the distribution of foodstuffs and fuel will be
short-lived unless Santiago can obtain short-term financing for urgently
needed imports. Chile has sufficient wheat to supply flour mills for about
a month; it still must import at least 300,000 tons, worth $60 million
to $70 million, before the end of the year. Equally, critical are imports
of other foodstuffs, fuel, and spare parts. Because Allende exhausted Chile's
foreign exchange reserves and undermined its creditworthiness, additional
short-term financing will require a sympathetic attitude on the part of
Chile's creditors. Santiago also will need to continue the present de facto
moratorium on long-term debt payments.
In the longer run, the new regime faces even more difficult problems.
To rehabilitate the economy, domestic order and domestic confidence must
be established and investment reviewed. This must be accompanied by a
complete reorganization of agricultural production and marketing and of
management of state-owned mining and manufacturing industries. New
foreign borrowing will be needed in the early stages of this transition because
drastic reduction in personal consumption is unacceptable to the population
as a whole.
4
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
China: Major Machinery and Equipment Purchases
from Free World Countries
1972-73
Total
United
States
Japan
Other
Total
1,552
229
462
861
Whole plants
500
75
235
190
Machinery
266
4
135
127
Electric power
60
....
15
45
Coal-mining
43
....
....
43
Oil-drilling
9
....
9
....
Dredges and barges
145
....
106
39
Communications
9
4
5
Transport equipment
786
150
92
544
Aircraft
307
150
....
157
Trucks
139
....
83
New ships
140
104
Used ships
200
200
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
China's Record Purchases of Western Machinery
Since early 1972, China has signed contracts with Free World countries
for delivery over several years of almost $1.6 billion worth of machinery
and equipment. The contracts include almost $800 million in transport
equipment and $500 million in complete plants. These purchases already
are three to four times the level of any previous two-year period, and further
contracts are likely before the end of the year. Japan is the largest supplier,
followed by the United States and several West European countries.
The US share of these purchases is $229 million -- 10 Boeing aircraft
and spare parts worth $150 million, 3 ammonia plants worth $75 million,
and communications equipment fc1 earth satellite stations worth $4 million.
Peking is also close to buying five additional ammonia plants worth $125
million from M.W. Kellogg to provide feedstock for five urea plants recently
purchased from a Dutch subsidiary of Kellogg. Standard Oil of Indiana has
agreed to supply technology worth $3.5 million for a polypropylene plant
that the Chinese are negotiating to buy from the Italian firm SNAM Progetti.
Finally, a team from RCA is scheduled to visit China in early September
to negotiate the sale of a color television picture tube plant valued by RCA
"in the tens of millions."
Fertilizer and synthetic fiber plants will help sustain consumption levels
of food and clothing. Electric power and coal-mining equipment will boost
China's lagging fuels and power industries. Dredging equipment will help
improve port facilities to handle an expected large expansion of foreign
trade. The 10 Boeing 707s and the 20 ? British Trident aircraft will
substantially upgrade China's civil air fleet, which soon will fly additional
international routes. Finally, China's merchant fleet will continue its recent
rapid expansion with the addition of new and used ships.
Deliveries on these contracts will sharply increase China's machinery
and equipment imports during the next several years. Imports of machinery
and equipment from non-Communist countries in 1972 were worth about
$350 million - up from less than $300 million in 1971. These imports
may reach $500 million to $600 million in 1973 and go even higher in
1974, when equipment deliveries for complete plant contracts will begin.
5
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
SECRET
Worldwide Grain Developments
Canada: Ottawa's first estimate of this year's wheat crop - 16.5
million tons - is about 0.5 million tons below USDA's most recent estimate.
With a crop of this size, Canada will have to draw down stocks only about
1-1/2 million tons to meet its earlier export projection of 13.2 million tons
for the 1973/74 crop year. If it honors its recent promise to USDA
to draw down stocks by 2.7 million tons, exports could reach 14.3 million
tons. The Canadian Wheat Board may now begin accepting orders for the
remainder of this year's export supply, only about half of which has thus
far been committed.
drain to countries other than their traditional client states.
USSR: Rain is still delaying completioi of the grain harvest in the
western USSR. At the same time, good weather east of the Urals, where
high-quality grain is being reaped, has helped to push the harvest ahead
of schedule. If favorable harvest conditions persist through mid-September
in the New Lands area of Siberia and Kazakhstan, our current estimate
of 155 million to 160 million tons of usable grain will be raised. Although
the USSR is expected to remain a net importer of grain, production in
excess of the earlier estimate would probably permit the Soviets to sell
India: After purchasing about 1.8 million tons of wheat and sorghum
during June and July from the United States and Argentina; India is looking
Japan: Contrary to earlier projections, Japan's rice production is
expected to exceed domestic requirements for 1974. With the major harvest
now under way, this year's output of milled rice is projected to reach: l 1.1
million tons, up 2% from last year. The increase should allow for some
exnorts in 1974 beyond the 250,000-300,000 tons already allocated.
25X1
25X1
China: This year's harvest of early rice - the first of the three rice
crops harvested each year - is disappointing, despite Peking's recent claim
to the contrary. Acreage declined and yields were depressed by low
temperatures, flooding, and insect infestation in much of south China. Any
substantial increase in . rice output this year will have to come from the
intermediate and late crops, which generally account for about 60% of the
annual total.
6
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
New Moves to Develop Canada's Tar Sands
With crude oil now selling for about $4.00 per barrel in western
Canada - up 30% from a year ago - the prospect of profitable recovery
of oil from Alberta's tar sands has considerably improved. Two large new
projects are now under consideration:
? Shell Canada has applied for permission to construct a $700
million extraction plant that could begin production in 1980
of about 10C,000 barrels per day.
? Syncrude - a US consortium - probably will soon announce
a decision to proceed on a $750 million, 125,000 b/d project
that would come on stream in 1978.
The Athabasca tar sands contain an estimated 300 billion - 350 billion
barrels of recoverable oil, about equal to proved reserves in the Persian
Gulf. Commercial development thus far has been limited to a Sun affiliate
that began production in 1967. Production last year reached about 50,000
b/d and the company plans soon to expand capacity to 65,000 b/d. Shell
and Syncrude, which as of now plan to use surface mining methods, are
trying to develop lower cost processes involving underground recovery.
After losing nearly $90 million in 1967-72, Sun made a small profit
on its Athabasca operation in January-March of this year. In the second
quarter, it returned to the red following the expiration of a three-year period
of reduced royalties granted by Alberta. The company is negotiating with
the provincial government to extend the royalty provision. Without this
benefit, Sun estimates that it needs a price of about $4.50 per barrel to
reach an acceptable profit level.
The prospect of rising oil prices practically assures the commercial
viability of large tar sands projects by the time they can be completed.
Ottawa estimates that synthetic crude oil production from Athabasca could
reach 500,000 b!d by 1980. Whether this figure is reached depends heavily
on Alberta's royalty and tax policies. Shell and Syncrude have not yet
settled on royalty arrangements with Edmonton, and other companies -
including a 3panese consortium interested in the tar sands - will be closely
following the outcome of negotiations.
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
USSR: Annual Rates of Economic Growth
1966-70
1973
Average
1971
1972
Projected
Gross national productl
5.6
4.1
1.7
6.3
Producing sectors
Agriculture
4.7
0.1
-6.8
9.0
Industry
6.5
6.0
5.0
5.7
Other
5.5
5.4
4.7
5.3
Principal end uses
Per capita consumption
4.7
3.5
1.0
N.A.
Investment
7.2
7.5
6.4
N.A.
Defense
2.9
-1.1
1.1
N.A.
SECRET
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
SECRET
The Soviet Economy Heading for a Good Year
The Soviet economy may grow by about 6 1/2% this year compared
with an average of No in 1971-72. As in 1964 and 1970, also banner years,
the recovery reflects a transition from a poor to a good agricultural year.
Agriculture: Soviet farm output is likely to set a record this year.
Excellent grain and forage crops should help to get the Brezhnev livestock
program back on track. Production of sugar beets, sunflowers, and
potatoes - seriously hit by last year's drought - also will be much higher.
In FY 1974 the USSR probably will have to import less than half as much
grain as FY 1973; a Soviet trade official claims that no sugar will be
purchased on the free market in 1974.
Industry: Soviet industry, still hobbled by shortages of agricultural
raw materials and lags in constructing new capacity, is gradually recovering
from last year's slump. Production is now in line with the reduced plan
goals for 1973. The weakest performance has been in production of energy,
producers' durables, and some food items, particularly meats and vegetable
oil. Strong sectors include chemicals, some consumer durables, and soft
goods.
Foodstuffs: The food supply continues to be shaky after a wi iter
of sporadic shortages and occasional rationing. By the end of July, meat
production was still down by 7% and vegetable oil by 16% compared with
the first seven months of 1972. US Embassy officers found skimpy supplies
of fresh meat in the Ukraine and around Moscow in August. In. the next
few months, more meat should be reaching the shops.
Other Consumer Items: Production of refrigerators, furniture, and
passenger cars is rising, although the quality remains well below Western
standards. By midyear, the volume of housing construction was up 8% over
the previous year.
Outlook for Growth: Because so much of this year's 6'h% growth
depends on a sharp recovery in farm production, the rate cannot be
sustained. GNP is likely to increase at 4.5% to 5% per year over the rest
of the 1971-75 plan and at a lower rate thereafter. The leadership rightly
believes that Soviet technology must be upgraded across the board to offset
:h-1 slower owth of the labo and declining returns to new
investment.
8
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA-RDP85T00875R001500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
SECRET
France: Progress Toward a. Commercial Breeder Reactor,
The world's second fast breeder reactor, Phenix, began operation on
31 August at the Marcoule Nuclear Energy Complex in southern France.
The 250-megawatt plant cost approximately $150 million. The United
Kingdom is expected to have a similar breeder reactor in operation by the
end of the year. The Soviet Union's 350-MW plant at Shevchenko has been
producing power since July.
All three are prototype reactors capable of producing more nuclear
fuel than they consume. Phenix, financed by the French Atomic Energy
Commission and Electricite de France (the national electric company) may
begin supplying electricity as early as October. Construction of the French
breeder was begun in 1968, after successful operation of Rapsodie, a smaller
experimental fast breeder built by France with the assistance of EURATOM,
the European Atomic Energy Community.
Plans were approved in 1972 for a 1,200-MW commercial-size breeder
reactor to be built on the basis of the Phenix technology by a group of
electric utilities -- EDF (FrE,nce), ENEL (Italy), and RWE (West Germany).
Construction will start at Malville in southeastern France in late 1974 or
1975 and continue until 1980. Work on a second joint plant to be built
in West Germany will begin about 1979.
Although breeder reactor h'chnolog?; :s being actively pursued in other
countries, including the United States (a 350-400-MW demonstration plant
costing about $500 million is planned for completion in eastern Tennessee
in 1980), France currently has thy-. most advanced breeder research and
development program in the West. Since studies began in 1957, Paris has
spent more than $600 million on the program.
SECRET 13 September 1973
Approved For Release 2008/02/19: CIA- RDP85T00875 R001500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
DOMESTIC ECONOMIC INDICATORS
Average Annual
Orowlh note Since
Latest from Previous 1 Year 3 Months
Period Period 1970 Earlier Earlier
GNP"
(Constant Market Prices) Prevloue
Ouarter Quarter
Latest
Period
WHOLESALE
(Industrial)
United States
73 11
0.6
51
0.4
2.5
United States Aug 73
Japan
73 II
1.4
0.1
13.0
5.8
Japan
Jul 73
West Germany
13 II
-1.1
3.9
7.2
-4.2
,
West Germany
Jul 73
France
73 1
3.3
0.1
5.1
13.0
France
Jun 73
United Kingdom
73 II
0.7
3.2
5.4
2.8
United Kingdom
Aug 73
Italy
73 I
0.8
3.1
5.2
3.4
Italy
Jun 13
Canada
73 II
0.9
8.1
0.8
3.7
Canada
Jun 73
United States
Japan
West Germany
France
8.1 United States
11.8 Japan
-4.4 West Germany
0 France
-1.4 United Kingdom
31.7 Italy
9.5 . Canada
United Kingdom
Italy
Canada
RETAIL SALES*
(Current Prices)
United States
Japan
West Germany
France
United Kingdom
Italy
Canada
Jul 73
Jul 73
May 73
Jun 73
Jun 73
Jun 73
Jun 73
Jul 73
Mar 73
Jul 73
May 73
May 73
Feb 73
Jun 73
MONEY-MARKET RATES
18.5 United States
45.2 Japan
-7.0 West Germany
9.5 France
-14.0 United Kingdom
24.1 ; Its IV
-0.3 Canada
1.1
-0.2
1.1
-1.5
0.4
-1.0
0.9
3.3
40
-1.8
6.7
0.8
9.0
0.5
5.7
8.9
4.2
7.1
3.1
2.9
7.0
11.8
12.9
8.4
5.3
9.8
11.5
10.4
10.2
19.7
7.2
8.9
10.4
10.2
10.6
14.2
24.0
8.4
13.4
11.1
18.8
10.4
12 Months 3 Months I Month
Representative Rates Latest Earlier Earlier ,artier
United States
Prime finance paper
Sep 7
9.13
4.03
7.25 8.25
Japan
Call money
Sep 1
8.50
4.25
6.83
7.50
West Germany
Interbank loans (3 months)
Sep 7
14.25
5.00
12.83
14.25
France
Call money
Aug 31
9.56
3.75
7.63
8.75
United Kingdom
Local authority deposits
Aug 31
14.08
4,70
7.90
11.89
Canada
Finance paper
Sep 7
8.50
5.00
8.83
7.50
Euro-Dollars
Three-month deposits
Sep 7
11.06
6.60
8.89
11.44
13 Sip 73
Jul 73
Jul73
Aug 73
Jul 73
Jul 73
Jul 73
Jul 73
Aug 73
May 73
Jul 73
Mar 73
Jul 73
Mar 73
May 13
Average Annu
Percent Change' Growth Role W
from Previous I Year
Period ,1870 Earlier
al
oo
3 Months
Earlier
7.5
5.2
15.7
17.8
7.3
7.8
13.6
9.1
7.1
13.3
18.2
23.2
18.1
15.8
02
5.7
0.3
0.7
11.9
11.0
-0.1
7.2
2.5
0.8
7.4
10.8
0.4
9.4
7.0
0.8
11.8
12.6
0.9
7.7
10.4
0.4
7.7
0.8
8.2
-0.8
19.0
30.5
28.8
-3.4
9.0
3.1
-21.5
1.2
12.7
10.4
-2.1
2.3
I? 2
13.0
12.9
1,0
19.9
18.3
-3.7
2.3 14.1
17.5
20.3
"Season' ally Adjusted
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
 Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3
EXTERNAL ECONOMIC INDICATORS
25X1
Avenge Annual
Growth Role Since
Percent Change
Latest from Previous
1 Yost 3 Months
Period . Period
1910 Earlier Earlier
EXPORT PRICES
(US $)
EXPORTS'
Cumulative. (Million US 81
Leluat
Punml Million US S 1973 1912
United States
Jul 73
2.2
7.3
10.8
31.5 United States
Jul 73
6,889
Jon-Jul
38,168
27,492
Japan
Jul 73
1.7
12.3
23.3
20.4 Japan
Jul 73
3,114
Jan-Jul
19,752
16,359
West Germany
Jun 73
4.7
13.2
22.7
42.8 West Germany
Jul 73
8,002
Jan-Jul
36,918
20,099
France
Apr 73
-0.8
12.1
16.8
68,6 France
Jul 73
3,309
Jon-Jul
20,292
14,824
United Kingdom
Jul 73
-0.9
10.6
15.1
20.3 United Kingdom
Jul 73
2,482
Jan-Jul
18,117
13,541
Rely
Apr 73
0.0
8.2
9.8
24.7 Italy
Jun 73
1,937
Jon-Jun
9,479
' 8,808
Canada
May 73
0.7
6,8
10.2.
21.6 Canada
Jul 73
2,071
Jan-Jul
14,054 1 11,262
EXPORT PRICES
(National Currenc
)
IMPORTS'
) L, test
(f
o
b
y
United States
Jul-73
2.2
7.3
18,8
.
.
.
31.5 United States
PenuI
Jul 73
Million US S
5,782
Jan?Jul
38,861
31,348
Japan
Jul 73
1.3
1.8
8.0
17.6 Japan
Jul 73
2,713
Jan-Jul
16,507
10,128
West Germany
Jun 73
-2.2
0.8
-0.2
-3,7 West Germany
Jul 73
4,607
Jan-Jul
28,016
21,286
France
Apr 73
-0.4
4.6
4.8
6.8 France
Jul 73
3,126
Jan-Jul
19,492
14,276
United Kingdom
Jul 73
1.1
8.7
11.4
12,2 United Kingdom
Jul 73
2,883
Jan-Jul
18,407
13,978
Italy
Apr 73
2.8
5.7
10.4
28.0 Italy
Jun 73
2,212
Jan-Jun
10.720
8,092
Canada
May 73
0.5
4.4
11.4
21.4 Canada
Jul 73
1,948
Jan-Jul
13,055
10,616
IMPORT PRICES
TRADE BALANCE'
(National Currency)
Latest
United States
Jul 73
1.7
10.1
19.2
15.1 United States
Period
Jul 73
Millinn IIS S
107
Jon-Jul
-703
3,850
Japan
J?I 73
4.0
5.0
24.0
46.5 Japan
Jul 73
400
Jan-Jul
3,244
5,233
West Germany
Jun 73
-1.6
0.1
3.3
3.2 West Germany
Jul 73
1,395
Jon-Jul
7,902
4,813
France
Apr 73
2.4
3.3
5.0
1.0 France
Jul 73
183
Jan-Jul
801
549
United Kingdom
Jul 73
3.3
12.2
31.7
39.7 United Kingdom
Jul 73
-402
Jon-Jul
-2,289
-436
Italy
Apr 73
3.3
8.5
16.7
49.2 Italy
Jun 73
-275
Jon-Jun
-1,241
776
Canada
May 73
1.4
4.7
8.9
26.8 Canada
Jul 73
125
Jan-Jul
999
635
OFFICIAL. RESERVES -
EXCHANGE RATES (Spot Rate)
Latest Period
US S
As or 7 Sep 73
Per Unit Dec 06 18 Dec 71
United States
Jul 73
14.0
18.3
13.1
14.0 Japan(ront
0.0038
30.81
18.08
-0.89
0
Japan
Aug 73
15.1
4.1
18.4
15.9 West GermanY(Damsrhe
0.4130
84.28
33.10
18
63
1.60
West Germany
France
Aug 73
Aug 73
37.9
10.3
8.8
4.4
24.6
10.0
Mark)
32.2
France (Franc) Pnu
11.0 United KingdomUi,'rudhnU)
0.2320
2.4210
14.91
-13,24
17.83
-7.08
.
5.28
-1.83
0.04
-1.54
United Kingdom
Aug 73
8.5
2.8
6.1 '
8.7 Italy (Lira)
0.0018
10.68
3.02
0.11
0.11
Italy
Jun 73
6.0
4.7
6.4
6.3 Canada (Dollar)
0.9923
7.58
-0.55
-0.54
-0.22
Canada
Aug 73 1
5.8
4.3
8.2
6.1
Percent Change from
Oec 6 1I8 Dec 71 19 Mar 73 31 Aug 73
United States
-18.89
-9.13
-2.33
-0.09
Japan
23.71
9.70
-2.36
-0,09
West Germany
32.97
15.88
10.84
1.13
France
-12.73
0.52
-1.92
-0.88
United Kingdom
-35.01
20.77
-6.35
-2.05
Italy
15.59
14.40
-7.58
-0.57
:'.*SeasdhAlly Adjusted
Canada
3.74
-2.79
-1.13
-0.19
13 Sep 73
Approved For Release 2008/02/19: CIA-RDP85T00875RO01500140031-3