§ Mr. Cordleasked the Secretary of State for Trade (1) what is the present total annual value of United Kingdom exports to Nigeria, showing the proportions attributable to different types of goods and/or services so far as practicable; and what was the comparable figure for each of the last five years;
(2) what is the present total annual value of Nigerian imports into the United Kingdom, showing the proportions attributable to different types of goods and/or services so far as practicable; and what were the comparable figures for each of the last five years.
§ Mr. DeakinsFollowing is the information for trade in goods. Figures of trade in services are not compiled for individual countries.
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SITC(R) Exports (fob) Imports (cif) Section 1970 1971 1972 1973 1974 1975* 1970 1971 1972 1973 1974 1975* Total (£ million) 114.3 165.0 153.9 172.6 222.3 490.3 124.0 139.5 155.5 207.1 367.7 303.2 Of which percentage share: 0 Food and live animals 3.3 3.7 3.8 4.6 5.2 5.2 24.5 16.1 13.6 15.8 7.6 10.2 1 Beverages and tobacco 0.3 0.3 0.3 0.3 0.5 1.0 0 0 0 0 0 0 2 Crude materials, inedible, except fuels 2.1 1.6 1.5 1.8 1.8 1.2 9.6 7.6 5.2 9.0 6.0 5.6 3 Mineral fuels, lubricants and related materials 0.9 0.8 0.7 0.9 1.0 1.2 43.1 59.6 66.1 57.0 76.6 76.7 4 Animal and vegetable oils and fats 0.1 0.1 0.1 0.1 0.2 0.1 12.7 8.2 6.3 8.9 5.4 2.8 5 Chemicals 17.4 16.8 14.3 15.9 18.5 14.7 0.1 0.1 0.1 0.2 0.1 0.2 6 Manufactured goods classified chiefly by material 22.6 20.8 20.4 20.5 22.0 21.7 9.4 7.6 6.8 7.1 3.6 3.4 7 Machinery and transport equipment 43.1 46.9 44.8 44.9 40.9 42.7 0.4 0.7 1.0 1.4 0.6 0.8 8 Miscellaneous manufactured articles not elsewhere specified 6.7 7.5 9.4 10.1 9.2 11.4 0.1 0.1 0.1 0.1 0.1 0.1 9 Commodities and transactions not classified according to kind 3.5 1.5 4.6 0.9 0.8 0.8 0.2 0.1 0.8 0.6 0.2 0.2 * 12 months ending November.
§ Mr. Cordleasked the Secretary of State for Trade what is the present estimated value of United Kingdom investment in Nigeria, indicating, so far as is practicable, the proportions related to the various industries and to commerce; and what were the comparable figures for each of the last five years.
§ Mr. DeakinsThe information available relates to the book value of direct investment excluding oil, banking and insurance. The latest figure relates to the end of 1971 when the total was £155.6 million. This figure and totals for the seven preceding years were published in Table 35 of Business Monitor M4 Part II, 1972, Overseas Transactions, a copy of which is in the Library. The information available on investment in individual industries at the end of 1971 is given below.
Percentage of total direct investment at book values Food, drink and tobacco 13.1 Chemicals and allied industries 11.8 Mechanical and instrument engineering 1.4 Textile, leather, clothing and footwear 3.7 Paper, printing and publishing 1.8 Other manufacture 9.4 Construction 1.6 Distributive trades 42.3 Other industries 14.9 Total (excluding oil, banking and insurance) 100.0 Figures for subsequent net flows of investment in 1972 and 1973 were published in Table 17 of Business Monitor M4 Overseas Transactions 1973 which is also in the Library.