§ 39. Mr. Kenneth Lewisasked the President of the Board of Trade whether the balance of trade between Great Britain and Spain, including holiday spending by British people visiting Spain, 198W is favourable to Great Britain; and what are the yearly figures.
§ Mr. MasonThe balance of trade, on a payments basis, with individual countries cannot be closely estimated. In 1965 exports plus re-exports to Spain were £86 million (f.o.b.) and imports were £58 million (c.i.f.). Estimated travel expenditure excluding fares by United Kingdom visitors to Spain was £41 million and by Spanish visitors to the United Kingdom £2 million.