German export to the United States have slumped forty-nine per cent in the last three years.
The Reich’s world exports have taken a dip of thirty-seven per cent in the same period.
These are, in brief, the fruits of the boycott which anti-Nazis throughout the world have waged against the regime in power in Germany today. The results of the boycott are covered in a statistical report made public yesterday by the Non-Sectarian Anti-Nazi League, covering German trade for 1932, 1933, 1934 and the first part of 1935.
The report reveals that German exports of cotton textiles hase dropped seventy-five per cent. But other figures are even more startling.
TOY TRADE HARD HIT
For instance, the once thriving German toy export trade has been cut by eighty-five per cent.
German fur exports have suffered a sixty per cent decline.
In a statement accompanying the report, the Anti-Nazi League says: “These figures amply prove the success of the boycott. If more proof is needed, it is furnished by Mr. Schacht himself, the financial dictator of Germany, who has openly admitted that Nazism stands or falls with the success or failure of Germany’s export trade.
“He has resorted to means which no government has been known to use during peace-time, that is, depriving the industries of the entire country of their profits for the purpose of raising an export fund of one billion marks, avowedly in order to subsidize the efforts of German manufacturers to dump their products abroad at any price.
“It seems, however,” the statement continues, “that Mr. Schacht omits one fact from consideration. He may succeed in taking all the profits from German industries and have the export industries attempt to sell their goods at any price. However, he may scarcely expect to succeed in finding outside of Germany a sufficient number of people who would be willing to bargain their reaction to the Nazi system of barbarism for cheap goods.”
HITLER YEARS COMPARED
In the report, for the purpose of comparison, the first four months of 1932, the pre-Hitler year, are comparison, the first four months of of the subsequent years.
The total exports for that period in 1932 were $28,000,000. In 1933 there was a precipitous drop to $20,500,000 and in 1934 there was what superficially appeared to be a rise to $25,750,000. But, it was pointed out, the United States meanwhile went off the gold standard and the figures for 1935 and 1935 represent devalued dollars.
Allowing for a forty per cent devaluation, the corrected export figure for the first four months of 1934 is $15,500,000, showing an actual drop in exports from the 1933 figure. And in that period in 1935, there was a further decrease to $15,000,000 (corrected figure).
Included in the report is a long ###ist of export commodities, practically all of which show decreases between 1932 and 1935. In some cases the drops are amazing.
For instance, in the first four months of the pre-Hitler year, 50,000 reichsmarks worth of mineral phosphates were exported. By this year, that item had completely disappeared, as far as exports were concerned.
Clover and feed exports sank from 613,000 to 5,000 reichsmarks.
Consumers throughout the world used 2,318,000 marks worth of German vegetable fats and oils during the first four months of this year as compared with 6,516,000 worth in the year before Hitler began to rule Germany.
Even German beer suffered more than a fifty per cent cut (in amount of exports, that is) over the three year period.
In order to keep up a favorable trade balance, Germany effected drastic cuts in her importsâ€”even in imports of life necessities. And even so the favorable trade balance last May was only 4,400,000 reichsmarks.