HC Deb 22 January 1990 vol 165 cc500-1W
Mr. Austin Mitchell

To ask the Secretary of State for Trade and Industry if he will publish in theOfficial Report, a table showing in dollars for each year since 1985, and for 1989 to the latest available date at an annual rate, the trade surplus in manufactures and the balance of payments surplus for Japan, Germany, the United States of America and the United Kingdom with the world, the EEC and the United Kingdom.

Mr. Redwood

The available information is in the tables. Care should be exercised in comparing trade balances in manufactures with current account balances because of inconsistencies in valuation. The figures for 1989 relate to the periods shown because annualised figures can be unreliable as a guide to the outturn for the year.

Table 2
Balance of payments
US $ billion
1985 1986 1987 1988 1989 January to September
Japan with:
World 49.2 85.8 87.0 79.6 46.7
European Community 8.0 14.8 17.7 19.8 n.a.
United Kingdom 0.3 1.5 2.0 1.4 n.a.
Federal Republic of Germany with:
World 15.2 35.2 45.1 48.5 44.4
European Community -0.4 9.9 18.7 25.4 n.a.
United Kingdom 3.2 7.3 10.5 14.0 n.a.
United States of America with:
World -115.1 -133.2 -143.7 -126.5 -85.2
European Community n.a. n.a. n.a. n.a. n.a.
United Kingdom n.a. n.a. n.a. n.a. n.a.
United Kingdom with:
World 4.2 0.1 -6.0 -26.0 -25.8
European Community -4.1 -13.6 -21.0 -29.1 n.a.
n.a. = not available.

Sources: OECD and national statistics.

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