asked the Secretary of State for Trade what is his estimate for the United Kingdom and Italian shares of world trade in manufactures in 1979; and if he has made an estimate of when he expects the Italian share to overtake the United Kingdom share.
Shares in world trade in manufactures are normally measured in terms of the value share of main manufacturing countries' exports of manufactured goods. These countries account for about three-quarters of world exports of manufactures. On this basis, latest estimates, relating to the first three quarters of 1979, show figures of 9½ per cent. and 8 per cent. for the United Kingdom and Italy, respectively. My Department does not make forecasts of this type of information.