Mr. GreenwayTo ask the President of the Board of Trade what was the value of(a) imports and (b) exports of each of the G7 countries in the past year; what were the comparable figures five, 10 and 15 years ago in real terms; and if he will make a statement.
§ Mr. McLoughlinThe value of imports and exports for each of the G7 countries for 1992 are shown in table 1. Comparable figures in real terms for five, 10 and 15 years ago are not available. Comparable figures for five, 10 and 15 years ago at current prices are shown in table 2. United Kingdom export performance has been impressive in recent years.
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Table 1: Visible trade of the G7 countries, 1992 (Billion US$) Exports Imports Balance Canada 134 129 5 France1 216 231 -15 Germany 422 403 19 Italy 178 188 -10 Japan 340 233 106 United Kingdom 191 222 -31 USA 448 554 -106 1 1991 figures given as 1992 data is not available
Source: IMF International Financial Statistics
Table 2: Visible trade of the G7 countries; 1977, 1982, 1987 (Billions US$, current prices) 1977 1982 1987 Exports Canada 44 71 98 France 65 97 148 Germany 118 176 294 Italy 45 74 117 Japan 81 138 231 United Kingdom 56 97 131 United States of America 123 216 254 Imports Canada 42 58 93 France 70 116 158 Germany 101 155 228 Italy 48 87 126 Japan 71 131 151 United Kingdom 63 100 154 United States of America 160 255 424 Balance Canada 1 13 6 France -6 -20 -10 Germany 17 21 66 Italy -3 -13 -9 Japan 9 7 80 United Kingdom -7 -2 -23 United States of America -37 -38 -170 Source: IMF International Financial Statistics