§ Mr. Teddy Taylorasked the Secretary of State for Trade what has been the average annual deficit or surplus in trade in manufactured goods with the European Economic Community and with the rest of the world, respectively, since the date of the United Kingdom's accession to the European Economic Community; and if he will also publish the average annual deficits or surpluses, respectively, for a comparable period of years before accession.
430W
§ Mr. Parkinson[pursuant to his reply, 9 March 1981, c. 231]: Because of the impact of inflation, the use of averages over such a long span of years is likely to be misleading. The crude balances for the individual years are as follows:
United Kingdom Crude Balance of Trade in Manufactures* with the European Community† and the Rest of the World European Community £ million Rest of the World£ million 1965 +315 +1,527 1966 +314 +1,606 1967 +206 +1,336 1968 +246 +1,394 1969 +457 +1,662 1970 +462 +1,772 1971 +329 +2,442 1972 +22 +2,082 1973 –416 +1,745 1974 –747 +2,325 ‡ 1975 –640 +4,106 1976 –667 +4,799 1977 –910 +6,038 1978 –2,026 +5,664 1979 –3,081 +4,262 1980 –1,766 +5,341 Notes:
* SITC 5 to 8.
† Including Greece, Denmark and Ireland throughout.
‐ Figures have as far as possible been adjusted onto a 1981 classification basis. However, there remains a very small discontinuity between 1974 and 1975. Source: Overseas Trade Statistics.