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Oil Producing And Exporting Countries

Volume 892: debated on Monday 12 May 1975

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asked the Secretary of State for Trade (1) if he will list the United Kingdom balance of trade with the OPEC market as a whole and by individual countries over each of the last five years for which figures are available;(2) if he will list the top five categories of goods, in terms of value, exported by the United Kingdom to the OPEC market as a whole, and to individual OPEC countries, over the latest five years for which figures are available and on the same basis, United Kingdom imports from OPEC.

Statistics of trade on a balance of payments basis are not available for individual countries of OPEC nor for OPEC as a whole. Statistics of trade on an Overseas Trade Statistics basis—i.e., imports valued c.i.f. and exports f.o.b.—with member countries of OPEC, which comprises Algeria, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela, may be obtained for 1970 to 1972 from Volume I of the Annual Statements of Trade of the United Kingdom and for 1973 and 1974 from the December issues of the "Overseas Trade Statistics of the United Kingdom".