§ Mr. Teddy Taylorasked the Secretary of State for Trade and Industry if he will publish a table showing the total balance of trade, including visible and invisible items, between the United Kingdom and Japan, and between the United Kingdom and Germany, respectively, in each of the past 10 years.
§ Mr. ChannonFigures of visible trade with individual countries are available only on the "Overseas Trade Statistics" basis—that is imports include the costs of insurance and freight. Exports less imports on the OTS basis produce the "crude" balance figures given in the table, but these are not suitable for inclusion in the balance of payments.
Trade in invisibles is not normally compiled for individual countries, but some estimates of these transactions with Japan (including transfers and property income as well as trade in services) were published in "British Business" of 27 April 1984 (page 766); a copy is in the Library".
*UK Crude Balance of Trade £ million Japan Germany 1974 –252 –876 1975 –363 –698 1976 –436 –917 1977 –590 –1077 1978 –741 –1411 1979 –882 –1560 1980 –1110 –587 1981 –1593 –459 1982 –1978 –1994 1983 –2557 –3603 Note 1 Exports fob less imports cif
Source: Monthly Review of External Trade Statistics
§ Sir Brandon Rhys Williamsasked the Secretary of State for Trade and Industry if he will publish tables showing the United Kingdom's exports, imports and trade balance with the remainder of the European Community, differentiating in each case by visibles and invisibles, and manufactures and non-manufactures, in (a) current and (b) constant prices for every year since 1973.
§ Mr. ChannonThis information is not available in constant price terms. The figures in current prices are in the tables.
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Total Visible Trade Of which: Manufacturers* Non-Manufactures † Exports Imports Visible Balance Exports Imports Visible Balance Exports Imports Visible Balance 1981 20,861 20,751 +110 12,518 15,086 –2,568 8,343 5,665 +2,678 1982 22,997 24,262 –1,265 13,720 18,064 –4,344 9,277 6,198 +3,079 1983 26,460 28,841 –2,380 15,044 22,136 –7,092 11,416 6,705 +4,711 Notes: * Standard International Trade Classification Sections 5 to 8. † Standard International Trade Classification Sections 0 to 4 and 9.
United Kingdom's Visible Trade with the European Community £ million Total Invisibles Of which: Services Interest, Profit and Dividends and Transfers Credits Debits Balance Credits Debits Balance Credits Debits Balance 1973 2,091 2,057 +34 1,389 1,584 –195 702 473 +229 1974 2,643 2,535 +108 1,777 1,967 –190 866 568 +298 1975 2,867 3,007 –140 1,980 2,177 –197 887 830 +57 1976 3,682 3,853 –171 2,579 2,705 –126 1,103 1,148 –45 1977 4,102 4,639 –537 2,958 3,000 –42 1,144 1,639 –495 1978 4,742 5,655 –913 3,017 3,114 –97 1,725 2,541 –816 1979 6,147 6,867 –720 3,598 3,624 –26 2,549 3,243 –694 1980 6,639 7,842 –1,203 3,848 3,980 –132 2,791 3,862 –1,071 1981 7,787 8,789 –1,002 3,912 4,326 –414 3,875 4,463 –588 1982 8,525 9,523 –998 3,974 4,674 –700 4,551 4,849 –298 1983 * * * * * * * * * * Not yet available. Source: CSO Balance of Payments 1983