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Imports And Exports (International Comparisons)

Volume 974: debated on Tuesday 27 November 1979

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asked the Chancellor of the Exchequer whether he will circulate in the Official Report for each of the principal exporting countries, Canada and Sweden a table showing the growth in the volume of imports and exports of manufacturers since the Smithsonian agreement in each quarter, in the form of an index or otherwise and based on (a) trade in 1970 and (b) trade in 1975.

I have been asked to reply.Provision of available information of this kind, particularly for two different base periods, could be undertaken only at disproportionate cost. Annual percentage changes of the volume of exports and imports of manufactures since 1971 as are readily available, mainly from current statistics are given in the following table.

VOLUME OF TRADE IN MANUFACTURES*

Percentage changes on previous year

United Kingdom

Federal Republic of Germany

France‡ §

United States of America

Japan

Italy‡ §

Canada‡ §

Sweden‡ §

1970 base

1975 base

1970 base

EXPORTS OF MANUFACTURES
1971+10+10+6+3+1+21+3+5+5
1972+2+1½+9+19+9+7½+20+8+4
1973+14+14+16+10+23+5+7+12+16
1974+5+5+12+16+17+18+7+1+7
1975-3-3½-11-4-4+2½+5-5-7
1976+7½+9+14+9+4+23+15+14+2
1977+8+8½+4+7-1+9½+8+11
1978n.a.+2+4+5+7+13+10+5
IMPORTS OF MANUFACTURES
1971+10+10+13+11-5
1972+19+18+13+15+17
1973+22+21+8+4+54
1974+4½+5½-2+7½
1975-7-6½+4-14-25
1976+8½+9½+19+25+14
1977+11+10+8½+9+1½
1978n.a.+13+7½+19+22

* SITC Sections 5 to 8. Except where stated, the weighting base of the statistics is not entirely certain.

† The main reasons for the differences between the 1975-based and 1970-based series are different weighting, classification changes and methodological improvements. The 1970-based series was not compiled after 1977.
‡ Based on indices rounded to nearest whole number; changes, therefore, also rounded to nearest whole number.
§ Import figures for France, Italy, Canada and Sweden are not readily available.
n.a.=Not available.

Sources: United Kingdom—Department of Trade.

Germany—Derived from Statistisches Bundesampt sources.
Japan—Summary Report Trade of Japan—Japan Tariff Association.
United States of America (imports)—OECD.
United States of America (exports) and other countries—United Nations Monthly Bulletin and Statistical Yearbook.