HC Deb 08 May 1984 vol 59 cc302-3W
Mr. Teddy Taylor

asked 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. Channon

Figures 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 Williams

asked 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. Channon

This information is not available in constant price terms. The figures in current prices are in the tables.

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