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Balance Of Trade

Volume 115: debated on Tuesday 28 April 1987

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asked the Secretary of State for Trade and Industry what has been the non-oil manufacturing trade balance with (i) the member states of the European Economic Community and (ii) the rest of the world each year since 1960.

The information is in the following table:

United Kingdom balance of trade in manufactures
£ million
Balance of payments basis
European Community1Rest of world
19601381,464
19612701,477
19623591,423
19633981,472
19643391,268
19653861,456
19663921,528
19672661,276
19683061,335
196925451,573
197026431,918
19714262,589
1972552,090
1973-3681,856
1974-5072,477
1975-5884,326
1976-4765,393
1977-4886,374
1978-1,7276,793
1979-2,5805,277
1980-1,1686,626
1981-2,6137,197
1982-4,3356,706
1983-7,1744,911
1984-8,0824,203
1985-8,6835,680
1986-10,0584,662

1 Present membership throughout.

2 1960 to 1969 Overseas Trade Statistics basis—imports valued inclusive of insurance and freight—the corresponding figures for 1970 are £560 million and £1,674 million respectively.

Sources:

Department of Trade and Industry. United Kingdom Overseas Trade Statistics.

Note:

Manufactures taken as standard international trade classification (revision 2), sections 5 to 8; this excludes oil which is in division 33.