Manufactures (Hansard, 2 December 1980)

§ Mr. Austin Mitchell
asked the Secretary of State for Trade whether he will publish in the Official Report figures bringing up to date the information supplied in his reply to the hon. Member for Grimsby on 19 December 1979 concerning trade in manufactures with the United States of America.

§ Mr. Eyre
The figures given below update the earlier information and include some revisions for 1978.
40W

I. United Kingdom Trade with the United States of America in Manufactures^*

Indices of value 1970=100

Imports (cif) Exports (fob) Crude (£ thousand) Balance (exports valued fob minus imports cif)

1978 351 380 -194,116

1979 417 411 -535,080

1980 January-October 471 378 -1,250,126

II. Sterling Exchange Rate against the United States Dollar expressed
as percentage of 1963 Rate†

Percentage

1979 75.7

1980 January-October 82.9

III. Export volume index (fob) for United Kingdom Trade in
Manufactures with all Countries as a percentage of the Import volume
index (cif

1963=100

1978 54

1979 48

1980 January-October 48

Sources:

^*United Kingdom Overseas Trade Statistics (SITC [R2] Divisions 5 to 8).

† Monthly Review of External Trade Statistics.

§ Mr. Austin Mitchell
asked the Secretary of State for Trade whether he will publish in the Official Report a table showing the terms of trade and relative volume of United Kingdom trade in manufactures by broad economic category for each year since 1969.

§ Mr. Eyre
Information for manufactures and for years prior to 1970 is not available. Information as is available in respect of finished manufactures is as follows:

United Kingdom Trade in Finished Manufactures Excluding
Erratics^* by Broad Economic Category

1975=100 OTS basis

Terms of Trade † Relative volume‡

Consumer Intermediate Capital Consumer Intermediate Capital

1970 114 98 93 197 109 120

1971 114 105 93 155 111 130

1972 111 104 98 109 98 96

1973 102 93 97 89 89 86

1974 98 98 98 103 88 81

1975 100 100 100 100 100 100

1976 95 95 98 104 93 95

1977 101 97 103 96 85 90

1978 100 101 105 90 78 72

1979 103 112 108 66 67 60

^* SITC (R2) Sections 7 and 8, excluding ships, North Sea installations and aircraft.

† Export unit value index as a percentage of import unit value index.

‡ Export volume index as a percentage of import volume index

I. United Kingdom Trade with the United States of America in Manufactures^*
	Indices of value	1970=100
	Imports (cif)	Exports (fob)	Crude (£ thousand) Balance (exports valued fob minus imports cif)
1978	351	380	-194,116
1979	417	411	-535,080
1980 January-October	471	378	-1,250,126

II. Sterling Exchange Rate against the United States Dollar expressed as percentage of 1963 Rate†
Percentage
1979	75.7
1980 January-October	82.9

III. Export volume index (fob) for United Kingdom Trade in Manufactures with all Countries as a percentage of the Import volume index (cif
1963=100
1978	54
1979	48
1980 January-October	48
Sources:
^*United Kingdom Overseas Trade Statistics (SITC [R2] Divisions 5 to 8).
† Monthly Review of External Trade Statistics.

United Kingdom Trade in Finished Manufactures Excluding Erratics^* by Broad Economic Category
1975=100 OTS basis
	Terms of Trade †	Relative volume‡
	Consumer	Intermediate	Capital	Consumer	Intermediate	Capital
1970	114	98	93	197	109	120
1971	114	105	93	155	111	130
1972	111	104	98	109	98	96
1973	102	93	97	89	89	86
1974	98	98	98	103	88	81
1975	100	100	100	100	100	100
1976	95	95	98	104	93	95
1977	101	97	103	96	85	90
1978	100	101	105	90	78	72
1979	103	112	108	66	67	60
^* SITC (R2) Sections 7 and 8, excluding ships, North Sea installations and aircraft.
† Export unit value index as a percentage of import unit value index.
‡ Export volume index as a percentage of import volume index