§ Mr. Meacherasked the Secretary of State for Trade and Industry what has been the non-oil manufacturing trade balance with (i) the member states of the European Economic Community and (ii) the rest of the world each year since 1960.
§ Mr. Alan ClarkThe information is in the following table:
76W
United Kingdom balance of trade in manufactures £ million Balance of payments basis European Community1 Rest of world 1960 138 1,464 1961 270 1,477 1962 359 1,423 1963 398 1,472 1964 339 1,268 1965 386 1,456 1966 392 1,528 1967 266 1,276 1968 306 1,335 19692 545 1,573 19702 643 1,918 1971 426 2,589 1972 55 2,090 1973 -368 1,856 1974 -507 2,477 1975 -588 4,326 1976 -476 5,393 1977 -488 6,374 1978 -1,727 6,793 1979 -2,580 5,277 1980 -1,168 6,626 1981 -2,613 7,197 1982 -4,335 6,706 1983 -7,174 4,911 1984 -8,082 4,203 1985 -8,683 5,680 1986 -10,058 4,662 1 Present membership throughout.
2 1960 to 1969 Overseas Trade Statistics basis—imports valued inclusive of insurance and freight—the corresponding figures for 1970 are £560 million and £1,674 million respectively.
Sources:
Department of Trade and Industry. United Kingdom Overseas Trade Statistics.
Note:
Manufactures taken as standard international trade classification (revision 2), sections 5 to 8; this excludes oil which is in division 33.