§ Mr. Adleyasked the Chancellor of the Exchequer if, for each of the last five years, he will indicate, by added value, which category of goods or services, without separate classification, has earned the largest amount of foreign currency.
§ Mr. Lawson[pursuant to his reply, 30 July 1980, c. 717.]: The total value of of goods and services in the last five 862W exports of goods and services in the last fiveyears are shown in the following table (£ million):
Goods Services* 1975 19,330 7,680 1976 25,193 9,997 1977 31,734 11,581 1978 35,071 12,326 1979 40,689 13,614 * Including the value of goods and services purchased by foreigners travelling in the United Kingdom. From the latest available input-output tables, which relate to 1973, it can be estimated that value added in the United Kingdom accounted for about 75 per cent. of the gross value of exports of goods and about 80 per cent. of the gross value of exports of services in that year.
Imports of goods and services have increased faster than domestic output since 1973, but there is as yet no indication of the extent to which they have contributed to exports of goods or services in recent years. It is, however, clear that in all years the earnings from value added in the United Kingdom must be larger in total for exports of goods than for exports of services.