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G7 (Balance Of Trade)

Volume 229: debated on Wednesday 21 July 1993

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To ask the President of the Board of Trade what was the value of (a) imports and (b) exports of each of the G7 countries in the past year; what were the comparable figures five, 10 and 15 years ago in real terms; and if he will make a statement.

The value of imports and exports for each of the G7 countries for 1992 are shown in table 1. Comparable figures in real terms for five, 10 and 15 years ago are not available. Comparable figures for five, 10 and 15 years ago at current prices are shown in table 2. United Kingdom export performance has been impressive in recent years.

Table 1:
Visible trade of the G7 countries, 1992
(Billion US$)
ExportsImportsBalance
Canada1341295
France1216231-15
Germany42240319
Italy178188-10
Japan340233106
United Kingdom191222-31
USA448554-106

1 1991 figures given as 1992 data is not available

Source: IMF International Financial Statistics

Table 2: Visible trade of the G7 countries; 1977, 1982, 1987 (Billions US$, current prices)

1977

1982

1987

Exports

Canada447198
France6597148
Germany118176294
Italy4574117
Japan81138231
United Kingdom5697131
United States of America123216254

Imports

Canada425893
France70116158
Germany101155228
Italy4887126
Japan71131151
United Kingdom63100154
United States of America160255424

Balance

Canada1136
France-6-20-10
Germany172166
Italy-3-13-9
Japan9780
United Kingdom-7-2-23
United States of America-37-38-170

Source: IMF International Financial Statistics