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Anglo-American Trade

Volume 976: debated on Friday 21 December 1979

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asked the Secretary of State for Trade, if he will circulate in the Official Report a table showing for Great Britain and the United States for each half year since 1970 the value, unit value and volume of imports and exports, together with the change in the relative volume and the terms of trade based on 1970=100.

The available information for the United Kingdom and the United States is given in the following tables:

UNITED KINGDOM TRADE1

Value £m

2

Unit Value

5 1970=100 (national currency)

Volume

2, 5 1970=100

Relative

3

Volume %change

Terms of

4

Trade 1970=100

Exports

Imports

Exports

Imports

Exports

Imports

on a year earlier

1970H14,0164,01199·5100·6100·298·2+4½98·9
H24,1054,152102·1100·699·8101·8—7101·5
1971H14,3964,366104·7104·0104·8104·2—1½100·7
H24,6644,433108·2106·2108·6104·2+6½101·9
1972H14,6014,831110·5107·4106·8113·6—6½102·9
H24,8495,341114·5114·1107·4119·7—14100·4
1973H15,6546,455121·6128·6119·0129·5—2½94·6
H26,4618,043132·6154·6125·5138·0+1½85·8
1974H17,77010,392153·5206·6131·3137·4+474·3
H28,76811,381171·9227·9132·6135·4+7½75·4
1975H19,27510,866189·2241·2126·3125·0+678·4
H210,18811,833206·2254·2126·0127·981·1
1976H111,81413,313226·6280·9135·0130·5+2½80·7
H213,59715,699254·6319·6138·2138·1+1½79·7
1977H115,44117,166277·7346·1145·9143·6—280·2
H216,70716,726291·2350·1150·9141·0+783·2
1978H117,16117,930
H218,27118,677
1979H118,87921,172

Notes:

1 Balance of payments basis.

2 Seasonally adjusted.

3 Export volume index as a percentage of import volume index.

4 Export unit volume index as a percentage of import unit volume index.

5 The 1970 based index numbers for unit value and volume were not compiled for periods after 1977.

Source:

United Kingdom Trade Statistics.

UNITED STATES TRADE1

Value $m

Unit Value

2 1970=100 (national currency)

Volume

2 1970=100

Relative

3

Volume % change on a year earlier

Terms of

4

Trade 1970=100

Exports

Imports

Exports

Imports

Exports

Imports

1970H121,69419,52499·598·5101·099·27101·0
H221,53020,428100·5101·599·0100·799·0
1971H122,80622,521103·7104·5101·9108·1—7½99·2
H221,32323,041103·0106·395·7108·9—1196·9
1972H124,20327,046105·6110·6106·3122·6—895·5
H225,55628,536107·9115·3109·3123·9½93·6
1973H133,21733,269116·4126·1132·4132·01692·3
H238,12136,204131·6142·1134·5127·32092·6
1974H148,01146,710149·9184·4149·5127·41781·3
H250,49853,541167·5213·2140·4127·078·6
1975H153,90847,221178·1220·1141·2108·51180·9
H253,68348,894176·7213·4142·7115·71182·8
1976H157,00056,741181·0220·1148·1130·3—1382·2
H257,99263,937185·9226·6145·8142·5—1782·0
1977H161,46172,618190·8238·0149·6154·6—1580·2
H259,75175,067191·9244·1143·8152·6—878·6
1978H168,01683,750199·1257·9156·9164·0—177·2
H275,64388,274210·2266·1162·9167·279·0
1979H185,53295,506227·5286·4175·7167·979·4

Notes:

1 Not Seasonally adjusted

2 The unit value and volume indices are rescaled from indices shown as 1975=100

3 Export volume index as a percentage of import volume index

4 Export unit value as a percentage of import unit value index

Source:

IMF