HC Deb 21 December 1979 vol 976 cc464-8W
Mr. Austin Mitchell

asked the Secretary of State for Trade, if he will circulate in the Official Report a table showing for Great Britain and the United States for each half year since 1970 the value, unit value and volume of imports and exports, together with the change in the relative volume and the terms of trade based on 1970=100.

Mr. Parkinson

The available information for the United Kingdom and the United States is given in the following tables:

UNITED KINGDOM TRADE1
Value £m2 Unit Value5 1970=100 (national currency) Volume2, 5 1970=100 Relative3 Volume %change Terms of4 Trade 1970=100
Exports Imports Exports Imports Exports Imports on a year earlier
1970 H1 … … 4,016 4,011 99.5 100.6 100.2 98.2 +4½ 98.9
H2 … … 4,105 4,152 102.1 100.6 99.8 101.8 —7 101.5
1971 H1 … … 4,396 4,366 104.7 104.0 104.8 104.2 —1½ 100.7
H2 … … 4,664 4,433 108.2 106.2 108.6 104.2 +6½ 101.9
1972 H1 … … 4,601 4,831 110.5 107.4 106.8 113.6 —6½ 102.9
H2 … … 4,849 5,341 114.5 114.1 107.4 119.7 —14 100.4
1973 H1 … … 5,654 6,455 121.6 128.6 119.0 129.5 —2½ 94.6
H2 … … 6,461 8,043 132.6 154.6 125.5 138.0 +1½ 85.8
1974 H1 … … 7,770 10,392 153.5 206.6 131.3 137.4 +4 74.3
H2 … … 8,768 11,381 171.9 227.9 132.6 135.4 +7½ 75.4
1975 H1 … … 9,275 10,866 189.2 241.2 126.3 125.0 +6 78.4
H2 … … 10,188 11,833 206.2 254.2 126.0 127.9 +½ 81.1
1976 H1 … … 11,814 13,313 226.6 280.9 135.0 130.5 +2½ 80.7
H2 … … 13,597 15,699 254.6 319.6 138.2 138.1 +1½ 79.7
1977 H1 … … 15,441 17,166 277.7 346.1 145.9 143.6 —2 80.2
H2 … … 16,707 16,726 291.2 350.1 150.9 141.0 +7 83.2
1978 H1 … … 17,161 17,930
H2 … … 18,271 18,677
1979 H1 … … 18,879 21,172
Notes:
1 Balance of payments basis.
2 Seasonally adjusted.
3 Export volume index as a percentage of import volume index.
4 Export unit volume index as a percentage of import unit volume index.
5 The 1970 based index numbers for unit value and volume were not compiled for periods after 1977.
Source:
United Kingdom Trade Statistics.

UNITED STATES TRADE1
Value $m Unit Value2 1970=100 (national currency) Volume2 1970=100 Relative3 Volume % change on a year earlier Terms of 4 Trade 1970=100
Exports Imports Exports Imports Exports Imports
1970 H1 … … 21,694 19,524 99.5 98.5 101.0 99.2 7 101.0
H2 … … 21,530 20,428 100.5 101.5 99.0 100.7 2½ 99.0
1971 H1 … … 22,806 22,521 103.7 104.5 101.9 108.1 —7½ 99.2
H2 … … 21,323 23,041 103.0 106.3 95.7 108.9 —11 96.9
1972 H1 … … 24,203 27,046 105.6 110.6 106.3 122.6 —8 95.5
H2 … … 25,556 28,536 107.9 115.3 109.3 123.9 ½ 93.6
1973 H1 … … 33,217 33,269 116.4 126.1 132.4 132.0 16 92.3
H2 … … 38,121 36,204 131.6 142.1 134.5 127.3 20 92.6
1974 H1 … … 48,011 46,710 149.9 184.4 149.5 127.4 17 81.3
H2 … … 50,498 53,541 167.5 213.2 140.4 127.0 4½ 78.6
1975 H1 … … 53,908 47,221 178.1 220.1 141.2 108.5 11 80.9
H2 … … 53,683 48,894 176.7 213.4 142.7 115.7 11 82.8
1976 H1 … … 57,000 56,741 181.0 220.1 148.1 130.3 —13 82.2
H2 … … 57,992 63,937 185.9 226.6 145.8 142.5 —17 82.0
1977 H1 … … 61,461 72,618 190.8 238.0 149.6 154.6 —15 80.2
H2 … … 59,751 75,067 191.9 244.1 143.8 152.6 —8 78.6
1978 H1 … … 68,016 83,750 199.1 257.9 156.9 164.0 —1 77.2
H2 … … 75,643 88,274 210.2 266.1 162.9 167.2 3½ 79.0
1979 H1 … … 85,532 95,506 227.5 286.4 175.7 167.9 9½ 79.4
Notes:
1 Not Seasonally adjusted
2 The unit value and volume indices are rescaled from indices shown as 1975=100
3 Export volume index as a percentage of import volume index
4 Export unit value as a percentage of import unit value index
Source:
IMF