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8. Import and Export. 
A. The Electrical Industry asa Whole. 
The figures relating to imports and exports are taken from 
the official trade returns of the various countries. The con- 
version of the values into Reichsmarks is based, for the year 
1913, on parity exchange, and for 1925 on a mean of the fluc- 
tuations of exchange values as compared with the Mark. 
The adjoining table Ia, relating to the world’s imports of 
electrical goods, covers about go 9, of the actual total, Since 
1913, Europe and the oversea *) countries have changed places 
in the division of imports. In 1913 Europe took 55 9, of total 
imports and the oversea countries 45 %, whereas in 1923, 
Europe took about 45 9, and oversea countries 55 %. 
The figures relating to the world’s electrical exports (Table Ib 
p- 24) cover over 959, of the actual total. As in the case of 
production, three countries are responsible for, the major share 
of the total exports viz. Germany, Great Britain and the United 
States of America. These countries between them export 
about 75 9, of the total. As regards exports, Europe still holds 
the lead with about 75 9, of the total whereas the oversea 
countries, chiefly represented by the United States, have 
increased their share in exports from 17 % to about 235 9. 
In considering the world’s total trade in electrical goods 
it must be noted that the total export figures are not wholly 
represented in the imports. The main reason for this dis- 
crepancy is probably to be found in the different manner in 
which goods are classified in the various countries and, in the 
fact that some countries, with a very small import trade, 
representing only a negligible percentage of the total, have 
not been included. 
A more detailed analysis of the relation of the volume of 
exports to the total production of electrical goods is impossible, 
as the values to be compared would have first to be reduced 
*) Oversea countries here signifies all countries outside of Europe. 
[continued on p. 24.]