HC Deb 26 January 1973 vol 849 cc266-7W
Miss Quennell

asked the Chancellor of the Exchequer what percentage of the United Kingdom's gross national product is represented by visible exports, and what percentage by visible imports; and how this compares with the pattern of trading with other countries for which information is available to him from international sources.

Mr. Nott

The percentage of the United Kingdom's gross national product represented by exports of goods in 1970 was 16. Imports of goods do not form part of the gross national product though if they are expressed as a proportion of gross national product the percentage is again 16.

Comparable figures are not readily available from international publications where it is more usual to consider "goods and services" in total. Comparisons with some major industrial countries were made in my reply of 24th January 1973.