Imports into and exports from the United States.
Imports of oil-soluble phenolic resins have been negligible. This is due, in part, to licenses and agreements between certain domestic and foreign makers, to the remarkable advancement and pioneering work done in this country, to the holding of many basic patents by Americans, and to the relatively high duty on imports.
Exports of these products, usually in the form of enamels, varnishes, and lacquers, have been appreciable and are probably increasing each year. Official statistics are not reported separately.