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3. The Four Billion Pound Deal: The Economics of the Porcelain Trade
                                 Table2:Summary of the European-Chinese porcelain trade

















                     The table above gives an overview of the estimated number of Chinese porcelain
                   shipped to Europe within two and half centuries. Not much was exported to Europe
                   before or after. Picard et al, who first tried to summarize the Eurasian porcelain trade
                   in 1966, estimate 30 million less for the European carriers, but the research of C.J.A.
                   Jörg shows, that they have underestimated the imports of the VOC and probably also
                   the imports of the EIC. In addition, other smaller companies and private traders were
                   not taken into consideration, and the imports of the Portuguese, French and Swedish
                   have been overestimated. By far the best porcelain trade statistics are available for the
                   Dutch VOC thanks to the research of T. Volker and C.J.A. Jörg. For the first export
                   period from 1602-1655 the exact figures are known through the analysis of the daily
                   reports from the VOC factories in Hirado, Dejima (Japan) and Batavia. The second
                   VOC export period which has been facilitated  mainly by Chinese junks coming to
                   Batavia  is  not  documented.  This  is  quite  unfortunate  since  this  is  by  and  large
                   covering the period of the Chinese Emperor Kangxi when the finest Chinese export
                   porcelain was produced. Many pieces have been imported as we can still see in the
                   number of Kangxi porcelain on the contemporary antique markets in Europe and in
                   the number of Kangxi porcelain in famous collections such as the collection of August
                   the Strong in Dresden. The third period is very well documented in the VOC archives
                   in the Hague. Statistics show 42.7 million pieces were purchased between 1730-1789
                   for  a  total  value  of  4.57  million  Dutch  guilder  (fl.),  and  shipped  in  216  journeys
                   between Canton and the Netherlands – some directly, some via Batavia. Sixteen ships
                   got lost – the Geldermalsen lost in 1752 on the homeward voyage in the South China
                   Sea being the most famous (see plate 73), since it was discovered in 1985 and part of
                   its porcelain cargo was auctioned in Amsterdam.
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                     Data for the Swedish SOIC  is unfortunately only detailed with regard to the duty
                   paid on the imports in  Gothenburg, but it omits the purchase prices in Canton and
                   information on the exact composition of the cargo. This makes it more complicated to
                   calculate the possible numbers of pieces. Data for the EIC and the French Compagnie
                   des Indes Orientales and Compagnie des Indes respectively are also incomplete, but
                   missing  figures  can  be  estimated  relatively  closely.  The  porcelain  cargos  of  other
                   European carriers such as the Portuguese Estado da India and the Danish DAK are an
                   educated  guess;  the  shipments  of  the  Habsburg  Ostend  Company,  the  Prussian
                   Königlich  Preußische  Asiatische  Compagnie  in  Emden  nach  Canton  und  China
                   (1751-1757) or the Spanish galleon trade from Manila via Mexico to Spain, by private
                   traders, and the numbers of pieces carried officially or smuggled by crew members
                   are estimated, since data is - for obvious reasons in the latter case - not available. Also,
                   the secondary trade from the Ottoman Empire or Persia towards Western Europe is
                   missing. However,  I  assume that  through these  carriers less than 10 million  pieces
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