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Exports And Imports

Volume 129: debated on Thursday 10 March 1988

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To ask the Chancellor of the Exchequer what was the growth in the volume of United Kingdom exports in the last financial year; what was the growth in the volume of imports; and what was the effect on the balance of payments.

In the financial year 1986–87 the volume of exports of goods grew by 6½ per cent. on the previous year while the volume of imports of goods grew by 8½. per cent. The current account of the balance of payments moved from a surplus of £3·8 billion in 1985–86 to a deficit of £1·1 billion in 1986–87.