World Trade Estimate

HC Deb 06 December 1995 vol 268 cc293-4W

Mr. Austin Mitchell

To ask the President of the Board of Trade what is his estimate of Britain's share of(a) world trade in manufactured goods and (b) world trade in services for each year since 1975. [4402]

Mr. John M. Taylor

The information requested is provided in the table.

UK percentage share of world exports of manufactured goods and services
	Percentage value share of services1	Percentage value share of manufactures2	Percentage volume share of manufactures2
1975	9.9	7.1	8.3
1976	9.1	6.6	8.0
1977	8.8	6.9	8.0

UK percentage share of world exports of manufactured goods and services
	Percentage value share of services1	percentage value share of manufactures2	Percentage volume share of manufactures2
1978	8.6	6.7	7.5
1979	9.0	6.7	6.9
1980	8.8	7.0	6.7
1981	8.2	6.2	6.1
1982	7.6	6.1	6.2
1983	7.4	5.6	5.9
1984	7.3	5.3	5.8
1985	7.7	5.5	5.9
1986	7.7	5.4	5.9
1987	7.7	5.6	6.0
1988	7.4	5.7	5.8
1989	6.8	5.6	5.8
1990	6.6	5.9	6.0
1991	6.0	5.8	5.8
1992	5.7	5.6	5.7
1993	5.4	5.3	5.5
1994	n/a	5.4	5.5

Note:

Over the time period 1975–94 volume shares will better reflect changes in composition and relative prices. But volume share of world trade in services is not readily available.

Sources:

¹Derived from data published in IMF "Balance of Payments Statistics Yearbook", Part 2, various editions.

²Derived from data published in the OECD "Economic Outlook".