HC Deb 31 January 1986 vol 90 cc657-8W
Mr. Foulkes

asked 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.

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
European Community* +21 -3,081 -8,981
Rest of World +2,082 +4,262 +3,207
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
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.

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