§ Mr. Austin MitchellTo ask the Chancellor of the Duchy of Lancaster whether he will publish in theOfficial Report a table showing for each year since 1958 and the latest available date the terms of trade for finished manufacturing/manufactures for the United Kingdom, the United States of America, West Germany and Japan, together with imports and exports of such manufacturers in terms of dollars.
§ Mr. Alan Clark[holding answer 22 January 1988]: The available information is in the following table. Data on the terms of trade in finished manufactures are not available for the FRG and Japan. For these two countries information on the terms of trade in machinery and transport equipment (which accounted for 76 per cent. and 85 per cent. respectively of their total trade in finished manufactures) is provided instead.
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Terms of trade Trade in finished manufactures1 2 US $ billion UK US FR Germany3 Japan3 UK USA FR Germany Japan imports exports imports exports imports exports imports exports 1973 81 98 91 91 11.4 14.6 29.3 31.8 15.7 37.6 5.1 22.0 1974 82 91 92 99 13.1 17.7 34.2 43.6 17.4 45.1 6.7 29.7 1975 85 94 94 96 15.0 22.4 33.5 51.4 21.6 49.3 5.8 31.8 1976 82 100 97 97 16.2 22.7 43.4 56.1 25.6 57.5 6.5 42.0 1977 86 100 98 100 20.0 27.2 51.4 58.4 31.1 67.2 7.0 52.8 1078 89 96 100 114 26.9 32.6 70.8 68.5 40.0 79.9 9.6 66.0 1079 94 97 99 106 36.1 38.6 78.7 81.6 49.4 93.0 12.5 66.8 1980 100 100 100 100 41.2 48.3 88.7 99.1 56.8 103.4 13.8 86.7 1981 102 109 96 105 39.5 43.6 99.9 110.2 50.6 94.7 14.6 106.3 1082 101 112 100 96 40.4 40.7 105.6 102.6 48.6 98.3 13.6 96.8 1983 101 107 99 91 42.4 36.6 122.5 97.3 50.4 92.8 14.6 106.3 1984 99 114 98 95 44.4 38.1 168.3 105.2 50.9 93.2 16.9 127.3 1985 99 118 99 92 48.1 42.3 193.2 109.7 54.4 103.0 17.4 134.1 1986 102 117 107 105 58.9 49.8 226.0 112.2 76.4 142.2 21.9 164.4 1 Standard International Trade Classification Sections 7 and 8. 2 Standard International Trade Classification Rev. 1-up to 1977. Rev. 2-from 1978. 3 Machinery and Transport Equipment.