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Mr. Teddy Taylor
asked the Secretary of State for Trade and Industry what was the surplus or deficit in manufacturing trade with the European Economic Community in the most recent period for which figures are available; and what were the comparable figures for each of the previous 20 annual periods in respect of the nations now compromising the European Economic Community.
Mr. Alan Clark
The available information is in the following table:
United Kingdom balance of trade in manufactures1 with other European Community2 countries | |
Balance of Payments basis | |
£million | |
1966 | 3392 |
1967 | 3266 |
1968 | 3306 |
1969 | 3545 |
1970 | 643 |
1971 | 426 |
1972 | 55 |
1973 | -368 |
1974 | -507 |
1975 | -588 |
1976 | -476 |
1977 | -488 |
1978 | -1,727 |
1979 | -2,580 |
1980 | -1,168 |
1981 | -2,613 |
1982 | -4,335 |
1983 | -7,174 |
1984 | -8,082 |
1985 | -8,683 |
1986 | -10,058 |
1 Standard International Trade Classification, Section 5 to 8. | |
2 Present membership throughout. | |
3 Overseas Trade Statistics Basis — imports valued inclusive of insurance and freight — the corresponding figure for 1970 is £560 million. |
Sources: Department of Trade and Industry Overseas Trade Statistics