§ Mr. Shoreasked the Secretary of State for Trade what was the percentage, and what was the value, of British exports in 1979 and in each year since 1973, that went (a) to the Organisation of Petroleum Exporting Countries and (b) to other developing countries; and, on the same basis, what were the figures for United Kingdom imports from these countries.
§ Mr. ParkinsonThe information is as follows:
the six most significant newly industrialised countries individually expressed and including South Korea, Hong Kong, Brazil and Taiwan for each of the last five years.
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§ Mr. Parkinson[pursuant to his reply, 23 July 1980, c. 223]: The information for the six newly-industrialising countries from which United Kingdom imports in
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I. TOTAL TRADE (a) United Kingdom imports 1975 1976 1977 1978 £ million cif 1979 Spain … … … … 279 361 442 504 711 Hong Kong … … … … 310 441 457 531 691 Brazil … … … … 175 242 305 282 400 India … … … … 235 356 387 322 366 Portugal … … … … 202 230 232 255 338 South Korea … … … … 75 136 179 214 270 Taiwan … … … … 73 97 150 147 218 (b) United Kingdom exports 1975 1976 1977 1978 £ million fob 1979 Spain … … … … 298 370 470 472 573 Hong Kong … … … … 161 208 272 362 442 Brazil … … … … 161 175 256 221 286 India … … … … 166 208 278 348 456 Portugal … … … … 158 226 300 286 308 South Korea … … … … 52 63 76 129 145 Taiwan … … … … 36 54 63 93 103 (c) Crude balance (exports valued fob minus imports cif) 1975 1976 1977 1978 £ million 1979 Spain … … … … + 9 + 9 + 28 − 32 − 138 Hong Kong … … … … − 149 − 233 − 185 − 170 − 248 Brazil … … … … − 14 − 67 − 49 − 61 − 114 India … … … … − 70 − 147 − 109 + 26 + 90 Portugal … … … … − 44 − 4 + 68 + 31 − 31 South Korea … … … … − 22 − 73 − 103 − 85 − 124 Taiwan … … … … − 37 − 43 − 87 − 54 − 115 II. TRADE IN MANUFACTURES (a) United Kingdom imports 1975 1976 1977 1978 £ million cif 1979 Spain … … … … 126 171 223 322 440 Hong Kong … … … … 300 431 446 518 669 Brazil … … … … 26 45 58 65 112 India … … … … 128 201 179 193 220 Portugal … … … … 152 171 159 193 245 South Korea … … … … 64 119 151 189 256 Taiwan … … … … 69 90 141 142 211 (b) United Kingdom exports 1975 1976 1977 1978 £ million fob 1979 Spain … … … … 239 294 366 312 363 Hong Kong … … … … 140 180 241 320 399 Brazil … … … … 152 162 235 200 271 India … … … … 157 195 245 314 431 Portugal … … … … 136 192 260 248 261 South Korea … … … … 51 61 71 124 140 Taiwan … … … … 32 52 58 88 96 1979 were largest, together with Taiwan (which ranks eleventh in order of importance on this basis), is as follows:
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(c) Crude balance (expoirts valued job minus imports cif) 1975 1976 1977 1978 £ million1979 Spain … … … … + 113 + 123 + 143 − 10 − 77 Hong Kong … … … … − 160 − 250 − 205 − 198 − 270 Brazil … … … … + 126 + 117 + 178 + 135 + 159 India … … … … + 29 − 6 + 66 + 120 + 210 Portugal … … … … − 15 + 21 + 101 + 54 + 16 South Korea … … … … − 13 − 58 − 79 − 65 − 116 Taiwan … … … … − 37 − 38 − 82 − 53 − 115 Source: United Kingdom Overseas Trade Statistics. Notes: (a) All figures are on an SITC (Rev. 2) basis except those for trade in manufactures in 1975 which are based on the previous classification (SITC (Rev. 1)); this results in slight discontinuities in the data for trade in manufactures in 1975 compared with later periods. (b) Because of rounding, there may be slight discrepancies between the crude balances and the differences between exports and imports.