HC Deb 07 November 1978 vol 957 cc143-4W
Mr. Gould

asked the Secretary of State for Trade what is the deficit in trade with West Germany in manufactured goods so far in the current year: and what it would be expressed at an annual rate.

Mr. Meacher

Following is the information:

January—September 1978
(a) Exports fob £1,608 million
(b) Imports cif £2,966 million
Crude deficit (A minus B) £1,359

(Source: United Kingdom Overseas Trade Statistics, SITC Sections 5–8 inclusive).

A continuation of trade at the overall rates applying in the period January to September would result in a crude deficit of £1,812 million over the year as a whole.