- Exports to Empire and imports from increased in 1930s as idea of Imperial Preference under Lord Beaverbrook became incredibly popular because of growing world trade issues due to Great Depression. More industrial goods began to be exported like locomotives, railway carriages and motor vehicles.
- Imperial exports as % of total British exports went from around 37% in 1913 to 44% in 1934.
- Ottawa Conference of 1932 was important for imperial trade as British introduced 10% tax on all imports but Crown colonies were exempted and Britain and Dominions gave each other’s exports preferential treatment in own markets.
- Exports and imports to and from India and Burma fell as they began to rely more on Japanese markets.
- British exports to India and Burma went from around 12% in 1909-13 to 8% in 1934-38.
- British imports from India and Burma began to decline slowly though were never high.
- Dominions relied heavily on imperial preference as Australia and New Zealand’s economic crises were becoming significant.
- Exports to Dominions went from around 18% in 1909-13 to around 26% in 1934-38.
Imports from Dominions went from 14% in 1909-13 to around 25% in 1934-38.