246 REPORT ON COOPERATION IN AMERICAN. EXPORT TRADE,

The total number of spindles in the world was 143,398,000, of
which the United Kingdom had 38.8 per cent and the United States
22.0 per. cent.
The position of the United States as a manufacturer and exporter
of cotton goods is, however, not commensurate with its importance
as a grower of cotton. American exports of cotton manufactures.
amounting in 1913 to $55,519,267, represented only about 5 per cent
of the world’s trade in those commodities, while Great Britain had
70 per cent of the business. Cotton piece goods or cloths are the
most important items exported in this trade by the United States and
ty the United Kingdom, amounting in 1918 to about 75 per cent of
the British and 58 per cent of the American exports of cotton manutactures.
 The cotton piece goods exported from the United Kingdom
 for the year 1912 were more than four times in value those of
Germany, France, and the United ‘States combined, as shown by the
following table:?
Tani 18.—Value of coiton piece goods exported from principal countries, 1912.
United Kingdom. ——__. $445,889,000
Germany mmm 35,066,000
France. ome 39,155,000
United States ome ev. 30,859,000
The United Kingdom’s domestic exports of cotton yarns and
fabrics in 1913 were $619,000,000, which was about one-fourth of
all its domestic exports.2 About 80 per cent of all the goods produced
 by English cotton mills are exported.®
Although the United States, Great Britain, and European nations
trade among themselves in cotton goods to a certain extent each is
largely self-sustaining in these articles, and therefore the greatest
export markets are found in the Orient, in Africa, and South
America. The largest market for piece goods is British India, while
China is the world’s greatest customer for cotton yarns and the second
 largest for piece goods. In 1913 imports of cotton cloths into
some of the principal purchasing countries were valued as follows: *
TABLE 19.—Imports of cotton cloth into principal purchasing countries, 1913.
British Indi momo mem - $186,861,000
DIN. crirrimmmmic mma 73, 896, 000
Australia come 23,937,000
Argenting eee 23,542,000
BED em 18,075,000
Immediately prior to the war about 20 per cent of the American
and 10 per cent of the British exports of cotton piece goods went to
1 Statistical Abstract of the United Kingdom, 1014, p. 205; British Statistical Abstraet
 for Forelgn Countries, 1912, pp. 133 and 149; Monthly Summary of the Foreign
Commerce of the United States, Dec. 1914, p. 478.
# See Table 4, p. 81.
4 United States Tariff Board Report, Cotton Manufactures, p. 201
Lt Oficial trade statistics of the respective countries.