FOREIGN  TRADE  5

possibilities  of  foreign  trade  in  Latin  American ­
  countries.
Latin  America—that  is,  the  countries  of
Central  and  South  America,  together  with
Mexico,  Cuba,  Santo  Domingo  and  Porto
Rico—comprises  twenty  distinct  states,  with  a
total  population  of  about  65,000,000,  a  large
portion  of  whom  are  Indians  and  half-breeds
—a  fact  which  we  should  not  lose  sight  of  in
view  of  the  tremendous  imports.
Statistics  recently  compiled  by  the  Pan-American
  Bureau  show  that  these  countries,
in  1913,  conducted  a  foreign  commerce  valued
at  $2,870,178,575.  Of  this  the  imports  were
$1,304,261,763,  and  the  exports,  $1,565,916,-812,
  thus  giving  Latin  America  a  favorable
balance  of  $261,655,049.
Ten  of  these  countries  alone  purchased
goods  to  the  amount  of  $961,000,000.  Of  this
sum  Great  Britain  supplied  $273,000,000;
Germany,  $180,000,000;  France,  $84,000,000;
Italy,  $54,000,000;  Belgium,  $47,000,000,  and
Austria-Hungary,  $8,000,000.  The  United
States  exported  to  these  ten  countries  last  year