HC Deb 02 July 1975 vol 894 cc462-70W
Mr. Knox

asked the Secretary of State for Trade if he will publish in the Official Report a table showing for each year since 1959 the United Kingdom's non-oil trade deficit with each member country of the OECD both in terms of pounds sterling and as a percentage of the United Kingdom total trade deficit.

Mr. Deakins

The following table shows the United Kingdom's crude trade balance in non-oil goods with each of the other member countries of the OECD and, where appropriate, the percentage that each balance forms of the United Kingdom's total trade balance in non-oil goods. The crude balance is the difference between exports valued f.o.b. and imports valued c.i.f. and is not a good measure of the balance of trade because of,inter alia, the differences in valuation.

UNITED KINGDOM'S NON-OIL CRUDE TRADE BALANCES WITH THE MEMBER COUNTRIES OF THE OECD
1959 1960 1961 1962
Non-Oil Balance Non-Oil Balance Non-Oil Balance Non-Oil Balance
£ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance
Australia … +1 * +64 * +28 * +44 *
Austria … +8 * +10 * +10 * +12 *
Belgium and Luxembourg … +42 * +31 * +47 * +53 *
Canada … -101 60 -158 32 -124 60 -159 106
Denmark … -63 37 -74 15 -65 32 -63 42
Federal Republic of Germany … +13 * -5 1 -4 2 +25 *
Finland … -40 24 -47 10 -44 21 -34 23
France … -17 10 -33 7 -10 5 +28 *
Greece … +8 * +10 * +13 * +15 *
Iceland … +1 * -1 — -3 1 -2 1
Irish Republic … -1 — -9 2 -12 6 -5 4
Italy … -11 7 -2 — +25 * +43 *
Japan … -11 6 -14 3 +4 * 9 6
Netherlands … -22 13 -30 6 -10 5 -24 16
New Zealand … -86 51 -62 13 -36 17 -63 42
Norway … -12 7 -15 3 +3 * +10 *
Portugal … +16 * +5 * +19 * +13 *
Spain … -26 15 -39 8 -30 14 -8 5
Sweden … -27 16 -49 10 -31 15 -19 12
Switzerland … +14 * +5 * +9 * +15 *
Turkey … +2 * +5 * +11 * +7 *
United States … +53 * -190 39 -145 70 -95 63
Yugoslavia … -2 1 -1 — -4 2 -4 2
TOTAL WORLD … -168 -493 -206 -150
* The crude balances are of opposite sign.

1963 1964 1965 1966
Non-Oil Balance Non-Oil Balance Non-Oil Balance Non-Oil Balance
£ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance
Australia … +31 * +6 * +64 * +50 *
Austria … +9 * +6 * +11 * +15 *
Belgium and Luxembourg … +51 * +56 * +53 * +58 *
Canada … -195 101 -266 41 -253 70 -203 103
Denmark … -77 43 -82 13 -83 23 -86 43
Federal Republic of Germany … +24 * -25 4 +16 * -11 *
Finland … -45 25 -51 8 -45 12 -48 24
France … -44 * +21 * +10 * +18 *
Greece … +18 * +21 * +19 * +24 *
Iceland … -2 1 -2 — -4 1 -2 1
Irish Republic … -6 3 -9 1 +12 * -2 1
Italy … +72 * +20 * +15 * +17 *
Japan … -2 — -14 2 -25 7 -8 4
Netherlands … -13 7 -5 1 -33 9 -48 24
New Zealand … -59 32 -91 3 -83 23 -60 30
Norway … +14 * -19 3 -26 7 -22 11
Portugal … +10 * +5 * 0 0
Spain … +2 * +1 * +25 * +37 *
Sweden … +12 7 -28 4 -14 4 -12 6
Switzerland … +15 * +14 * +9 * -12 6
Turkey … +8 * +1 * +2 * +8 *
United States … -99 55 -217 33 -147 41 -63 32
Yugoslavia … +2 * +4 * +6 * +14 *
TOTAL WORLD … -180 -652 -360 -197
* The crude balances are of opposite sign.

1967 1968 1969 1970
Non-Oil Balance Non-Oil Balance Non-Oil Balance Non-Oil Balance
£ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance
Australia … +83 * +109 * +86 * +85 *
Austria … -1 — -5 1 +7 * -11 *
Belgium and Luxembourg … +42 * +82 * +121 * +102 *
Canada … -238 39 -247 34 -196 82 -394 173
Denmark … -91 15 -101 14 -76 32 -87 38
Federal Republic of Germany … -58 10 -71 10 -46 19 -44 19
Finland … -58 9 -81 11 -71 30 -65 29
France … -12 2 -30 4 +110 * -7 3
Greece … +21 * +28 * +42 * +37 *
Iceland … -2 — +1 * -1 1 -1 —
Irish Republic … -27 4 +3 * +44 * +44 *
Italy … +1 * -8 1 +26 * +27 *
Japan … -3 1 -16 2 +24 * +13 *
Netherlands … -74 12 -91 13 -66 28 -28 12
New Zealand … -86 14 -93 13 -94 40 -74 33
Norway … -8 1 -44 6 -47 20 -37 16
Portugal … -8 1 -14 2 -1 — — —
Spain … +22 * +15 * +26 * +20 *
Sweden … -49 8 -78 11 -58 25 -44 19
Switzerland … -4 1 -14 2 +10 * +11 *
Turkey … +16 * +18 * +20 * +11 *
United States … -134 22 -148 20 -221 93 -232 102
Yugoslavia … +9 * +2 * +8 * +24 *
TOTAL WORLD … -611 -731 -237 -227
* The crude balances are of opposite sign.

1971 1972 1973 1974
Non-Oil Balance Non-Oil Balance Non-Oil Balance Non-Oil Balance
£ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance £ million As percentage of total non-oil balance
Australia … +88 26 +35 * +64 * +287 *
Austria … +4 1 -9 1 -42 2 -51 2
Belgium and Luxembourg … +123 37 +97 * +200 * +141 *
Canada … -289 * -227 51 -322 16 -486 17
Denmark … -112 * -146 33 -211 10 -257 9
Federal Republic of Germany … -112 * -252 57 -575 28 -897 32
Finland … -74 * -112 25 -168 8 -269 10
France … -35 * -77 17 -279 14 -391 14
Greece … +55 17 +51 * +67 * +60 *
Iceland … +2 1 +4 * +1 * +6 *
Irish Republic … +1 — +10 * +91 * +54 *
Italy … -4 * -39 9 -73 4 -134 5
Japan … -46 * -144 32 -171 8 -252 9
Netherlands … -40 * -84 19 -230 11 -453 16
New Zealand … -82 * -105 24 -109 5 +7 *
Norway … -36 * -38 9 -93 5 -97 3
Portugal … -4 * -14 3 -44 2 -52 2
Spain … +22 6 +39 * +1 4 +1 *
Sweden … -65 * -150 34 -298 15 -319 11
Switzerland … +6 2 -2 — -71 3 -117 4
Turkey … +23 7 +43 * +48 * +68 +
United States … -5 * +42 * -97 5 -477 17
Yugoslavia … +44 13 +21 * +31 * +53 *
TOTAL WORLD … +332 -446 -2,044 -2,785
* The crude balances are of opposite sign.