CONTENTS

Chart 1. Balance of Trade - F.O.B. Basis

Chart 2. Balance of Trade-C.I.F. Basis

Chart 3. U.S. Trade With Major Partners - F.O.B. Basis
Chart 4. Inflation is a Major Factor in Increased Trade

Chart 4a. World Food and Petroleum Prices

Chart 5. Inflation: Consumer Price Trends

Chart 6. Composition of U.S. Trade- F.O.B. Basis

Chart 7. U.S. Trade, Current Account, and Basic Balance With Major Countries, 1973

Chart 8. Balance of Payments (Basic Balance - Excludes Short-Term Capital Inflows and Outflows)

Chart 9. Balance of Payments (Liquidity Basis)

Chart 10. Effective Rate of Exchange of the Dollar

Chart 11. Proved Free World Crude Oil Reserves

Chart 12. Revenues From Oil Exports

Chart 13. Actual and Projected U.S. Energy Consumption

Chart 14. U.S. Energy Consumption

Chart 15. Energy Use by Source

Chart 16. Energy: U.S. Resources and Consumption

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On an f.o.b. basis, the United States had a trade surplus of $1.7 billion in 1973 as compared with a deficit of $6.4 billion in 1972. The average annual growth in imports and exports is shown below: