Commonwealth Trading Partners

The three main components oF intra-Commonwealth trade are the exports of Commonwealth countries to Britain, the imports of British goods by these same countries, and the cross trade of Commonwealth countries other than Britain with one another. Table 2 illustrates the growing importance of the last mentioned component. As regards the first two of these segments, which still account for some two thirds of the total of intra-Commonwealth trade, the decline in the share of Britain in world production and trade leads to the general supposition, which is borne out in fact, of a smaller proportion of exports from other Commonwealth countries finding a market in the United Kingdom, and of Britain being able to supply only a smaller proportion of their total import requirements.


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