§ Mr. Austin Mitchellasked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table showing for each year since 1953 and the current year to date the ratio of United Kingdom exports of manufactures to the United States of America to imports of manufactures from the United States of America, the comparable figures for Germany and Japan, and the real exchange rate in each case based on relative export prices.
§ Mr. ChannonThe figures are in the tables. Export unit value indices, given as a guide to relative export prices, are not readily available prior to 1961.
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Table 1 Ratio of United Kingdom exports to imports of manufactures Percentages Trade with Year F.R, of Germany U.S.A. Japan 1953 64 131 195 1954 78 119 130 1955 69 93 83 1956 72 153 212 1957 70 136 188 1958 82 162 154 1959 90 208 183 1960 80 88 163
Trade with Year F.R. of Germany U.S.A. Japan 1961 82 85 198 1962 94 102 201 1963 92 98 150 1964 76 70 131 1965 87 94 101 1966 78 116 111 1967 71 96 119 1968 72 95 107 1969 79 86 142 1970 81 86 118 1971 72 114 81 1972 60 122 50 1973 50 110 53 1974 47 89 49 1975 57 87 40 1976 58 92 38 1977 58 90 37 1978 54 94 35 1979 52 85 33 1980 61 70 29 1981 60 76 23 1982 51 75 21 *1983 43 78 18 * January to September. Source: Overseas Trade Statistics.
Table 2 Exports of manufactures Unit value indices (national currencies) 1980=100 Year U.K. F.R. of Germany Japan U.S.A. 1961 19.8 61.3 55.8 33.4 1962 20.0 61.8 54.3 33.0 1963 20.4 61.1 53.3 32.9 1964 21.0 61.8 52.7 33.2 1965 21.6 63.6 52.0 34.3 1966 22.5 64.9 51.4 35.4 1967 23.0 64.7 53.1 36.3 1968 24.8 63.8 53.3 36.9 1969 25.4 64.8 55.3 38.8 1970 27.4 66.3 58.8 40.8 1971 28.7 67.7 60.2 41.8 1972 30.7 67.6 58.1 42.8
United Kingdom Trade March-September 1983 Trade with: Other countries of the European Community World excluding European Community Exports fob Imports cif Exports fob Imports cif £ million* £ million* £ million* £ million* Manufactures† less precious stones‡ 7,115 11,154 11,929 10,369 Total trade less crude oilob/ and precious stones‡ 9,573 14,540 14,347 15,654 * not seasonally adjusted † Standard International Trade Classification Sections 5 to 8 ‡ Standard International Trade Classification heading 667 ob/ Standard International Trade Classification heading 333 Source: United Kingdom Overseas Trade Statistics