The name is absent



The Story of Brazilian Commerce 261
in 1935. Happily the Brazilian exports to the United States
did not suffer so much, yet they fell from 44 in 1920 to 13
ɪn 1935∙

In Millions Sterling

Brazilian Imports from

United States

Germany

Great Britain

France

Argentina

1920

51∙9

S∙8

27.1

6.8

IO.5

1925

20.7

11.7

18.7

4∙9

9.8

193°

12.9

6.1

IO.4

2.6

7∙r

1935

6.4

5-6

3∙4

0.9

3-5

1937

9∙3

9.6

4∙9

0.9

S∙6

Brazilian Exports

1920

44.9

6.1

8.7

12.8

7.0

1925

46.4

6.8

5∙i

12.9

5-5

i93θ

26.5

5∙9

5∙4

6.0

4∙4

1935

13.0

5∙4

3∙0

2.6

i.6

1937

i5∙3

7∙2

3∙8

2-7

1.9

Certain commercial reports might be examined with inter-
est in order to understand the present situation, and fore-
cast future developments.

I. Agricultural equipment and machinery constitute a
group of American imports greatly needed by Brazil, though
tropical agriculture is still very unsatisfactorily equipped,
plows, tractors, incubators, seeders, etc. This is not only be-
cause rudimentary methods prevail frequently, but also be-
cause the small farmer as a rule has very limited buying
power. The lower-priced German equipment has thus
reached the more modest farmer and supplanted American
merchandise in many cases. On the other hand, the recent
expansion of cotton culture has been beneficial to American
ginning and baling machinery. As Brazil suffers from a



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