§ Mr. Foulkesasked the Secretary of State for Trade and Industry what is the current deficit in trade between (a) the United Kingdom and the European Economic Community and (b) the United Kingdom and the non-European Economic Community countries in (i) manufacturing, (ii) steel, (iii) motor vehicles and (iv) textiles; and if he will give equivalent figures for 1972 and 1979.
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§ Mr. Butcher[pursuant to his reply, 30 January 1986, c. 605]: The balances for manufactures derived from figures on the balance of payments (BOP) basis, with both exports and imports valued exclusive of freight and insurance charges, are:
£ million 1972 1979 1985 European Community -50 -2,555 -8,218 Rest of World +2,195 +5,253 +5,l40 For the other commodities, figures are available only on the Overseas Trade Statistics(OTS) basis with imports, but not exports, valued inclusive of freight and insurance charges. The relevant figures, together with those for manufactures on the same basis for comparison are in the following table:
United Kingdom crude balance of trade £ million 1972 1979 1985 Manufactures European Community* +21 -3,081 -8,981 Rest of World +2,082 +4,262 +3,207 Steel European Community* -31 -261 †-352 Rest of World +157 +339 †+495 Motor Vehicles European Community* -86 -1,584 -3,465 Rest of World +1,115 +789 +573 Textiles European Community* -12 -203 -1,274 Rest of World +13 +592 -980 * Excluding Spain and Portugal.
† January to November.
Source: United Kingdom Overseas Trade Statistics.