Skip to main content

Balance Of Trade

Volume 976: debated on Tuesday 20 November 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Trade if he will circulate in theOfficial Reporta table showing imports, exports and the trade balance in the first nine months of this year of (a) visible trade less crude oil and precious stones and (b) manufactures less precious stones, in each case for the EEC Six and for all other countries.

The information is as follows:EEC countries for each quarter since 1970.

The available information is as follows on relative export prices and share of main manufacturing countries exports of manufactures.

The information on share of trade with non-EEC countries could be assembled only at disproportionate cost.

UNITED KINGDOM EXPORTS OF MANUFACTURED GOODS
(Not seasonally adjusted)

Relative export prices*

Share of MMC's exports† Per cent.

1970—
First quarter103·211·0
Second quarter103·110·6
Third quarter104·210·0
Fourth quarter105·110·7
1971—
First quarter105·010·3
Second quarter105·211·2
Third quarter106·110·9
Fourth quarter108·311·3
1972—
First quarter108·910·6
Second quarter109·410·9
Third quarter105·28·9
Fourth quarter101·49·8
1973—
First quarter101·59·9
Second quarter101·09·9
Third quarter94·39·2
Fourth quarter93·48·7
1974—
First quarter94·98·6
Second quarter96·48·9
Third quarter96·39·0
Fourth quarter96·58·6
1975—
First quarter100·19·3
Second quarter99·69·5
Third quarter100·19·3
Fourth quarter100·19·2

(a) CRUDE BALANCES OF UNITED KINGDOM TRADE WITH THE EEC(6) AND THE REST OF THE WORLD (b) RELATIVE EXPORT PRICES OF MANUFACTURES UNITED KINGDOM TO EEC(6)

Crude Balance*

Relative export prices of manufactures United Kingdom compared with EEC(6)

EEC(6)

Rest of World

£million£million

1975=100

1970-65-928109½
1971-187-504111
1972-498-897109½
1973-1,135-2,27598
1974-2,058-4,54598
1975-2,185-2,048100
1976-2,397-3,025100
1977-2,355-1,292104
1978-2,799-807109½
January to October 1979-3,472-1,706N.A.

*Crude balances are on an OTS basis. The 1979 figures are seasonally adjusted and include the previously unrecorded import information.