Manufactured Goods

HC Deb 13 March 1980 vol 980 c655W

Mr. Marlow

asked the Secretary of State for Trade for each of the last 10 years, what has been the ratio of trade in value terms, namely, imports divided by exports, for manufactured goods (a) with the European Economic Community countries and (b) with the rest of the world.

Mr. Parkinson

The information is as follows:

IMPORT-EXPORT RATIOS FOR UNITED KINGDOM TRADE IN MANUFACTURES* WITH THE EEC(8) AND THE REST OF THE WORLD
	EEC(8)	Per cent. OTS basis Rest of the World
1970	78	63
1971	85	56
1972	99	64
1973	109	75
1974*	115	74
1975†	111	64
1976	107	66
1977	107	66
1978	115	71
1979	122	79
* Manufactures are defined as SITC sections 5 to 8.
† Figures from 1970 to 1974 are classified according to SITC (Rev. 1), those from 1975 to 1979 to SITC (Rev. 2). The effect of the difference in classification on the series is very small.