§ Mr. Austin Mitchellasked the Minister for Trade what was the balance of trade in manufactures for 1970, 1975, 1980, 1981 and in the first nine months of 1982 with (a) West Germany, (b) France and (c) the United States of America.
§ Mr. Peter ReesThe information is as follows:
United Kingdom Crude Balance of Trade in Manufactures* Overseas Trade Statistics basis Federal Republic of Germany France USA £ million £ million £ million 1970 -96 +58 -118 1975 -749 -157 -230 1979 -2,523 -727 -541 1980 -2,007 -439 -1,455 1981 -2,153 -573 -1,121 1982† -2,391 -442 -1,084 * Taken as Standard International Trade Classification sections 5 to 8. † January to September.
Source: Overseas Trade Statistics.
§ Mr. Austin Mitchellasked the Minister for Trade what is his estimate of the deficit in manufactured, less precious stones, trade with the original EEC Six and the rest of the world in (a) 1970, (b) 1979, (c) 1980, (d) 1981 and (e) the first nine months of 1982 at an annual rate.
§ Mr. Peter ReesThe balance, both deficits and surpluses, are as follows:
175W
United Kingdom Crude Balance of Trade in Manufactures* less Precious Stones† Overseas Trade Statistics basis European Community (Original six) Rest of the World £ million £ million 1970 +103 +2,115 1979 -4,094 +5,449 1980 -2,906 +6,308 1981 -3,802 +6,604 1982 -5,516‡ +5,426‡ * Taken as Standard International Trade Classification, sections 5 to 8.
† Taken as Standard International Trade Classification, Division 66.
‡ Estimated by the first nine months of 1982 at an annual rate.
Source: Overseas Trade Statistics.
§ Mr. Marlowasked the Minister for Trade if he will set out separately for the European Economic Community as a whole, for Germany, for France and for the rest of the world for each of the last six months the value of exports and imports in manufactures, the gap between exports and imports and the percentage of imports covered by exports; and how these last figures compare in each case with the annualised figures for each of the last five years.
§ Mr. Peter ReesThe information is as follows:
176W
United Kingdom Trade in Manufactures* Exports Imports Crude Balance† Ratio‡ £ million £ million £ million per cent. France 1977 1,632 1,913 -280 85 1978 1,850 2,385 -535 78 1979 2,270 2,997 -727 76 1980 2.550 2,989 -439 85 1981 2,461 3,034 -573 81 1982 April 245 309 -64 79 May 235 282 -47 83 June 283 307 -24 92 July 237 276 -39 86 August 169 208 -39 81 Sept. 238 290 -52 82 F.R of Germany 1977 1,873 3,207 -1,334 58 1978 2,209 4,077 -1,868 54 1979 2,764 5,287 -2,523 52 1980 3,140 5,147 -2,007 61 1981 3,165 5,318 -2,153 60 1982 April 294 559 -265 53 May 279 590 -311 47 June 317 591 -274 54 July 297 590 -293 50 August 234 469 -235 50 Sept 295 568 -273 52 European Community 1977 8,830 9,740 -910 91 1978 9,967 11,996 -2,029 83 1979 12,219 15,299 -3,081 80 1980 13,437 15,202 -1,765 88 1981 12,781 15,757 -2,976 81 1982 April 1,207 1,646 -439 73 May 1,182 1,621 -439 73 June 1,285 1,712 -427 75 July 1,183 1,603 -419 74 August 862 1,239 -377 70 Sept 1,183 1,567 -384 75 Rest of World 1977 16,935 10,897 +6,038 155 1978 18,022 12,330 +5,692 146 1979 18,651 14,390 +4,261 130 1980 21,377 16,038 +5,339 133 1981 22,107 16,235 +5,872 136 1982 April 2,043 1,591 +452 128 May 1,864 1,579 +284 118 June 2,047 1,691 +356 121 July 1,908 1,492 +416 128 August 1,748 1,416 +331 123 Sept 1,906 1,585 +322 120 Notes:
(*) Taken as Standard International Trade Classification Sections 5 to 8.
(†) Exports less imports (exports valued fob; imports valued cif.
(‡) Exports expressed as a percentage of imports.
Source: Overseas Trade Statistics.