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Volume And Terms Of Trade

Volume 982: debated on Tuesday 1 April 1980

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asked the Secretary of State for Trade (1) whether he will circulate in the Official Report a table showing (a) for the second half of 1973 and (b) the second half of 1979, the relative volume and terms of trade for the items shown in table D2 of the February issue of the Monthly Review of External Trade Statistics;(2) whether he will publish in the

Official Report a table showing ( a) for the fourth quarter of 1976 and ( b) for the fourth quarter of 1979 the relative volume and terms of trade for the items in table D2 of the February issue of the Monthly Review of External Trade Statistics.

Information for the fourth quarter of 1979 is given in the Monthly Review referred to in the questions. The remaining information is as follows:

RELATIVE VOLUME* AND TERMS OF TRADE† BY MAJOR COMMODITY GROUPS

1975=100 OTS basis seasonally adjusted

Total

Food, beverages and tobacco

Fuels

Basic materials SITC (R2)

Manufactures

Semi-manufactures

Finished manufactures

0to9

0+1

3

2+4

5 to 8

5+6

7+8

Relative volume

Second half 197389·49193809610789
Second half 197999·1124373119779665
Fourth quarter 1976103·69814210810010994

Terms of trade

Second half 1973100·799123105929093
Second half 1979106·6111120112106100111
Fourth quarter 197697·21049798969796

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

† Export unit value index as a percentage of import unit value index.
‡ Not seasonally adjusted.