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European Community (Balance Of Trade)

Volume 19: debated on Wednesday 3 March 1982

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asked the Secretary of State for Trade what has been the balance of trade in office equipment between the United Kingdom and the other member States of the European Community in each year since 1970; if he will express this in both money terms and by giving the export to import ratios; and by how much British office equipment exports to the Community have grown in real and notional terms in this period.

The available information is as follows:

United Kingdom Trade with the rest of the European Community in Office Machinery
Crude Balance (£ million)Export: Import Ratio (per cent.)Exports (£ million fob)
1970-97831
1971+612038
1972-97020
1973-205424
1974-186330
1975-176735
1976-157646
1977-187450
1978-257058
1979-366258
1980-207561

Notes:

  • (a) the figures correspond to Minimum List Heading 338 in Business Monitor MQ10 (Overseas Trade Analysed in Terms of Industries);
  • (b) information at constant prices is not available for of trade with particular countries;
  • (c) the European Community is defined throughout on the basis of current membership;
  • (d) the crude balance of trade is exports valued fob less imports valued cif.
  • asked the Secretary of State for Trade what has been the balance of trade in clothing between the United Kingdom and the other member States of the European Community in each year since 1970; if he will express this both in money terms and by giving the export to import ratios; and by how much British clothing exports to the Community have grown in real and notional terms in this period.

    The available information is as follows:

    United Kingdom trade with the rest of the European Community in clothing
    Crude balance (£ million)Export-Import ratio (per cent.)Exports(£ million fob)
    SITC (Rl)
    1970+310837
    1971-29541
    1972-39349
    1973-79167
    1974-79288
    1975-1489110
    SITC (R2)
    1975-1489110
    1976+18111184
    1977+51123269
    1978+54119333
    1979+49114396
    1980+111133448

    Notes;

  • (a) Figures correspond to division 84 of the Standard International Trade Classification. Those for 1970–74 are based on the first revision of the classification (SITC/R1) and those for 1976–80 on the second (SITC/R2). Figures for 1975 are given on both basis.
  • (b) Information at constant prices is not available for trade with particular countries or groups of countries.
  • (c) The European Community is defined throughout on the basis of current membership.
  • (d) The crude balance of trade is the difference between exports valued fob and imports valued cif.