Balance of Trade

HC Deb 06 December 1976 vol 922 cc35-6W

Mr. Woof

asked the Secretary of State for Trade what was the volume in the United Kingdom's non-oil trade deficit over the last 12 months with member countries of the EEC; and how this compares with those of non-EEC countries of the leading trading nations which traded with the United Kingdom over the same period.

Mr. Meacher

The United Kingdom's non-oil crude trade balances—i.e., exports fob less imports cif—in the 12 months November 1975-October 1976 with the EEC, and with our four largest non-EEC export markets—ranked according to exports in 1975 as a whole—were as follows:

	£ million, overseas trade statistics basis, not seasonally adjusted
EEC	—	1870
USA	—	566
Sweden	—	310
Switzerland	+	64
South Africa	+	53