§ Mr. Austin Mitchellasked the Secretary of State for Trade and Industry what was the trade deficit on manufactures in the first four months of 1983 at an annual rate; how this compares with 1982; what proportion of the total deficit is accounted for by the deficit on trade in manufactures with the European Community; and what are the reasons for the increase in the deficit.
§ Mr. Alexander FletcherComparison of the balances, shown in the following table, on trade in manufactures is not possible in proportionate terms in this instance.
While exports of manufactures have remained fairly steady over the last year, imports have risen as consumer demand and industrial activity increased, so that trade in manufactures moved into deficit.
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Crude Balance of United Kingdom Trade in Manufactures £ million, OTS basis World European Community January-April 1983 at an annual rate* -5,505 -7,629 Year 1982 + 233 -4,970 * Annualised figures can be very unreliable as a guide to the outturn for the year.
§ Mr. Austin Mitchellasked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table showing imports and exports of manufactures, less precious stones, to and from the European Community and the rest of the world for each year since 1970 and for 1983 to date at an annual rate on (a) an overseas trade statistics basis and (b) a balance of payments basis.
§ Mr. Alexander FletcherThe information on theOverseas Trade Statistics basis is given in the following table. These data are not available on a balance of payments basis.
United Kingdom trade in manufactures* less precious stones† £ million OTS basis Exports Imports Year European Community Rest of the World European Community Rest of the World 1970 1,814 4,602 1,429 2,770 1971 1,988 5,302 1,694 2,850 1972 2,237 5,403 2,227 3,302 1973 2,972 6,473 3,353 4,699 1974 4,050 8,574 4,765 6,174 1975 4,649 10,632 5,246 6,491 1976 6,658 12,949 7,290 8,244 1977 8,546 15,865 9,320 9,919 1978 9,648 16,886 11,512 11,340 1979 11,817 17,339 14,659 13,140 1980 12,774 19,927 14,653 14,586 1981 12,268 21,092 15,299 15,251 1982 13,258 22,447 18,316 17,247 1983 ‡14,007 ‡22,194 ‡21,809 ‡19,981 * Taken as standard international trade classification, sections 5 to 8. ‡ Taken as standard international trade classification, division 66. ‡Estimated from the first five months of 1983 at an annual rate. Annualised figures can be very unreliable as a guide to the outturn for the year.
Source: Overseas Trade Statistics.
§ Mr. Austin Mitchellasked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table showing imports and exports of manufactures from and to the Federal Republic of Germany for each year since 1970 and for 1983 to date, together with the balance of trade in manufacturing and the real exchange rate against the deutschmark based on the fourth quarter of 1976 = 100.
§ Mr. Alexander FletcherThe information is as follows:
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United Kingdom Trade in Manufactures with the Federal Republic of Germany Exports fob Imports cif Crude Balance Exchange Rate Index*(Q4 1976 = 100) £ million £ million £ million £ million 1970 404 500 - 96 45.4 1971 426 593 - 167 †46.6 1972 468 776 -308 †50.2
Exports fob Imports cif Crude Balance Exchange Rate Index*(Q4 1976 = 100) £ million £ million £ million £ million 1973 628 1,253 -624 61.0 1974 798 1,698 -900 65.7 1975 1,000 1,748 -748 73.3 1976 1,424 2,457 -1,032 87.6 1977 1,873 3,207 -1,334 98.4 1978 2,210 4,077 -1,868 103.6 1979 2,764 5,287 -2,523 102.4 1980 3,133 5,135 -2,001 94.4 1981 3,163 5,315 -2,152 87.3 1982 3,409 6,730 -3,321 94.0 1983‡ 1,563 3,694 -2,131 †107.6 * £ sterling per deutschmark as percentage of Q4/76 rate. † Estimated from rates for consecutive parts of the year weighted by the number of days in each. ‡ January to May. Source:
Overseas Trade Statistics.
CSO Financial Statistics.
§ Mr. Gouldasked the Secretary of State for Trade and Industry what information he has as to the per capita value of exports of manufactures per head in terms of dollars for each of the main industrial countries in 1970 and in the latest available year.
§ Mr. Alexander FletcherThe information is as follows:
Per Capita Exports of Manufactures by the Main Manufacturing Countries United States Dollars 1970 1982* United States of America 140 594 Canada 448 1,548 Japan 175 1,142 Belgium/Luxembourg 961 3,668 France 267 1,313 Federal Republic of Germany 505 2,441 Italy 206 1,077 Netherlands 522 2,312 Sweden 653 2,569 Switzerland 736 3,755 United Kingdom 295 1,165 * Provisional. Source: OECD, supplemented by United Nations and national sources.
§ Mr. Gouldasked the Secretary of State for Trade and Industry how the volume of imports and exports of manufactures to and from the European Community in the first four months of 1983 compares with the same period in 1970.
§ Mr. Alexander FletcherThis information is not available.