FOREIGN TRADE 5 
possibilities of foreign trade in Latin Ameri 
can 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