Value of Trade Per Head of Population in Palestine before 1948 (Nakba), British Mandate: A Survey of Palestine: Volume I - Page 463. Chapter XIII: Section 2: Foreign Trade of Palestine

CHAPTER XIII.

VALUE OF TRADE PER READ OF POPULATION.

Year Imports I Exports I Total trade Year, Imports Ex Ports Total trade

LP. LP. LP. LP. LP. LP.
1931 5.782 1.517 7.249 1938 7.913 3.498 11.411
1932 7.235 2.218 9.453 1939 9.744 3.408 13.152
1933 9.749 2.271 12.020 1940 8.132 2.637 10.769
1984 12.517 2.658 15.175 1941 8.404 2.660 11.064
1935 13.648 3.223 16.871 1942 18.195 5.356 18.551
1936 10.228 2.652 12.880 1943 16.225 7.606 23.831
1937 11.345 4.147 15.492 1944 20.823 8.415 29.238
63. The visible balance. - During the 23 years of recorded foreign trade transactions Palestine has always had a considerable adverse balance of visible trade. The following table sets out the value of the adverse balance for each year and the proportion between total imports and total exports.

Excess of Exports as I Excess of I Exports as
Year imports per cent Year imports per cent
of imports or imports
LP. LP.
1922 4,143,936 24 1934 11,651,273 23
1923 3,296,332 28 1935 13,337,836 25
1924 4,024,303 26 1936 9,711,497 31
1925 6,052,544 20 1937 9,434,038 41
1926 5,106,145 23 1938 5,673,378 50
1927 4,038,103 35 1939 9,166,371 37
1928 5,105,809 25 1940 8,304,849 34
1929 5,414,660 24 1941 8,446,706 37
1930 4,906,941 30 1942 12,119,093 43
1931 4,116,601 31 1943 13,957,982 49
1932 5,143,822 34 1944 20,620,121 43
1938 8,212,570 26
64. The value of imports into Palestine has amounted in the aggregate to £P.281 million and that of exports to £P.99 million, resulting in an accumulated unfavourable visible balance of trade amounting to £P.182 million. The annual average of Palestine's excess imports over the period has therefore amounted to approximately £P.8 million, being £P.3.3 million in the lowest year (1923) and £P.20.6 million in the highest year (1944). Nevertheless, although the annual adverse balance has increased progressively in absolute figures, the value of exports has tended to increase more rapidly that that of imports. The result has been to improve the proportion existing between exports and imports from 24 to 100 in 1922 to 43 to 100 in 1944. Indeed,

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