§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry if, further to his reply of 30 November,Official Report, column 251, showing the balance of trade in manufactures in terms of 1988 prices, he will provide the outturn figure for 1988 and that for the first five months of 1989 together with the figures for each year in current prices; and if he will provide the corresponding figures for trade in manufactures with the European Economic Community.
§ Mr. RedwoodThe figures for manufactures, excluding erratics, for 1988 and 1989 to date at 1988 prices are:
Manufactures less erratics (BOP basis) at 1988 prices £ billion Exports Imports Balance 1988 59.3 74.8 -15.6 11989 62.5 82.7 -20.2 1 The figures for 1989 are for January to May 1989 at an annualised rate. Figures for earlier years at current prices are shown in the following table:
Table 2 Manufactures less erratics (BOP basis) at current prices £ billion Exports Imports Balance 1970 6.3 3.7 +2.6 1971 7.1 4.0 +3.2 1972 7.2 4.9 +2.3 1973 9.0 7.2 +1.7 1974 12.2 10.0 +2.2 1975 14.6 10.2 +4.4 1976 18.8 13.7 +5.1 1977 23.3 17.0 +6.4 1978 25.5 20.4 +5.1 1979 28.1 25.4 +4.2 1980 3l.0 25.1 +1.3 1981 31.8 27.6 +4.2 1982 33.9 32.6 +1.3 1983 35.7 39.2 -3.5 1984 41.9 47.0 -5.1 1985 48.0 51.9 -3.9 1986 49.1 56.5 -7.4 1987 54.7 64.3 -9.6 Estimates for trade in manufactures with the European Community are available only at current prices, and including the erratic items.
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Table 3 United Kingdom trade with the EC Manufactures including erratics (BOP basis) at current prices £ billion Exports Imports Balance 1970 2.2 1.5 +0.6 1971 2.3 1.8 +0.4 1972 2.5 2.5 — 1973 3.3 5.7 -0.4 1974 4.7 5.2 -0.5 1975 5.1 5.7 -0.6 1976 7.2 7.7 -0.5 1977 9.3 9.8 -0.5 1978 10.2 12.0 -1.7 1979 12.16 15.2 -2.6 1980 14.0 15.2 -1.2 1981 13.2 15.9 -2.6 1982 14.6 18.9 -4.3 1983 15.9 23.1 -7.2 1984 18.8 27.0 -8.1 1985 21.8 30.5 -8.7 1986 23.9 34.0 -10.1 1987 28.0 38.4 -10.4 1988 31.5 44.0 -12.6