182 THE ECONOMIC CONSEQUENCES OF THE PEACE ch.

imports according to destination and origin is alsorelevant. From this it appears that of Germany 'sexports in 1913, 18 per cent went to the BritishEmpire, 17 per cent to France, Italy, and Belgium ,10 per cent to Eussia and Roumania , and 7 percent to the United States ; that is to say, more thanhalf of the exports found their market in thecountries of the Entente nations. Of the balance,12 per cent went to Austria-Hungary , Turkey, andBulgaria , and 35 per cent elsewhere. Unless, there-fore, the present Allies are prepared to encouragethe importation of German products, a substantialincrease in total volume can only be effected bythe wholesale swamping of neutral markets.

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