To ask the Secretary of State for Trade and Industry what was the United Kingdom's trade balance with other EU countries in each year since 1969. [78943]
[holding answer 26 March 1999]: The information is in the following tables. Figures for trade in goods have been provided on an Overseas Trade Statistics (OTS) basis. Figures for trade in services are on a Balance of Payments (BOP) basis. The main difference between trade on an OTS and BOP basis is that BOP figures exclude goods not changing ownership. In 1998 this resulted in a difference of less than 1 per cent. in the export values. Import figures on a BOP basis also exclude the cost of insurance and freight. In 1998 this resulted in a difference of just under 3 per cent. in the import values.
UK balance of trade with the EU countries 1969–98
| |||||||
£ million, current prices
| |||||||
Austria
| Belgium/Luxembourg
| Denmark
| Finland
| France
| Germany
| Greece
| |
Balance of trade in goods and services
| |||||||
| 1988 | -548 | -474 | -771 | -930 | -1,126 | -8,406 | -278 |
| 1989 | -462 | -628 | -946 | -883 | -1,686 | -9,342 | -193 |
| 1990 | -406 | 10 | -801 | -654 | -1,570 | -7,348 | -152 |
| 1991 | -278 | 527 | -752 | -616 | -8 | -3,482 | -158 |
| 1992 | -244 | 190 | -694 | -571 | -1,659 | -3,770 | -110 |
| 1993 | -172 | 583 | -375 | -655 | -2,330 | -3,573 | 21 |
| 1994 | -78 | 628 | -243 | -884 | -2,634 | -4,353 | -81 |
| 1995 | 169 | 741 | 76 | -627 | -2,182 | -5,242 | 91 |
| 1996 | 125 | 413 | 3 | -557 | -1,704 | -6,412 | 407 |
| 1997 | -261 | -450 | 71 | -772 | -3,110 | -3,939 | 333 |
| 1998 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Ireland
| Italy
| Netherlands
| Portugal
| Spain
| Sweden
| EU total
| |
Balance of trade in goods
| |||||||
| 1969 | 42 | -12 | -110 | 1 | 21 | -31 | -115 |
| 1970 | 39 | -9 | -81 | 1 | 13 | -7 | -92 |
| 1971 | -6 | -34 | -100 | -1 | 14 | -24 | -322 |
| 1972 | 24 | -68 | -165 | -12 | 33 | -107 | -803 |
| 1973 | 84 | -121 | -307 | -41 | -4 | -224 | -1,824 |
| 1974 | 2 | -212 | -651 | -50 | -4 | -200 | -2,903 |
| 1975 | -27 | -243 | -753 | -44 | 21 | -58 | -2,769 |
| 1976 | 200 | -276 | -921 | 27 | -6 | -138 | -2,829 |
| 1977 | 325 | -556 | -348 | 71 | 25 | -66 | -2,593 |
| 1978 | 422 | -805 | -266 | 29 | -71 | -168 | -3,541 |
| 1979 | 862 | -1,016 | -381 | -34 | -188 | -61 | -4,228 |
| 1980 | 877 | -401 | 449 | 56 | -113 | 160 | -183 |
| 1981 | 994 | -604 | 105 | 33 | -79 | 71 | -1,105 |
| 1982 | 885 | -713 | 128 | 48 | -49 | 266 | -2,537 |
| 1983 | 766 | -918 | 337 | -79 | 58 | 340 | -4,044 |
| 1984 | 758 | -907 | 11 | -259 | -351 | 484 | -4,674 |
| 1985 | 814 | -830 | 786 | -256 | -238 | 563 | -3,730 |
| 1986 | 499 | -1,210 | -1,181 | -298 | 117 | -450 | -11,137 |
| 1987 | 344 | -1,071 | -1,291 | -148 | 75 | -630 | -11,941 |
| 1988 | 243 | -1,645 | -2,602 | -103 | 268 | -1,136 | -16,663 |
| 1989 | 465 | -2,060 | -2,923 | -122 | 359 | -1,311 | -18,640 |
| 1990 | 801 | -1,146 | -3,011 | -146 | 868 | -896 | -12,958 |
| 1991 | 853 | -245 | -1,837 | 36 | 1,679 | -696 | -3,593 |
| 1992 | 693 | -612 | -1,396 | -1 | 1,513 | -841 | -6,412 |
| 1993 | 785 | -655 | -974 | 117 | 1,134 | -708 | -6,105 |
| 1994 | 1,219 | -736 | -561 | -36 | 1,426 | -837 | -6,330 |
| 1995 | 764 | -366 | 851 | 5 | 1,770 | -376 | -4,144 |
| 1996 | 1,448 | -795 | 1,090 | 17 | 1,711 | -356 | -4,401 |
| 1997 | 1,896 | -1,434 | 1,468 | -32 | 1,588 | -292 | -4,911 |
| 1998 | 1,673 | -1,147 | -624 | -90 | 1,298 | -22 | -6,835 |
Balance of trade in services
| |||||||
| 1988 | 261 | 265 | 109 | -277 | -1,605 | 129 | -1,793 |
| 1989 | 279 | 225 | 64 | -252 | -1,391 | 209 | -1,862 |
| 1990 | 274 | 285 | 44 | -251 | -1,177 | 241 | -1,972 |
| 1991 | 286 | 326 | -13 | -278 | -1,181 | 239 | -1,894 |
| 1992 | 354 | 384 | 37 | -288 | -1,301 | 326 | -996 |
| 1993 | 358 | 345 | 114 | -278 | -1,659 | 324 | -1,135 |
| 1994 | 584 | 231 | 33 | -274 | -2,107 | 297 | 1,763 |
| 1995 | 880 | 323 | 157 | -339 | -2,391 | 366 | -813 |
| 1996 | 991 | 233 | 292 | -322 | -2,164 | 374 | -588 |
| 1997 | 802 | -56 | 598 | -511 | -2,604 | 435 | -1,100 |
| 1998 | n/a | n/a | n/a | n/a | n/a | n/a | -2,328 |
Balance of trade in goods and services
| |||||||
| 1988 | 504 | -1,380 | -2,493 | -380 | -1,337 | -1,007 | -18,456 |
| 1989 | 744 | -1,835 | -2,859 | -374 | -1,032 | -1,102 | -20,502 |
| 1990 | 1,075 | -861 | -2,967 | -397 | -309 | -655 | -14,930 |
| 1991 | 1,139 | 81 | -1,850 | -242 | 498 | -457 | -5,487 |
| 1992 | 1,047 | -228 | -1,359 | -289 | 212 | -515 | -7,408 |
| 1993 | 1,143 | -310 | -860 | -161 | -525 | -384 | -7,240 |
| 1994 | 1,803 | -505 | -528 | -310 | -681 | -540 | -8,093 |
| 1995 | 1,644 | -43 | 1,008 | -334 | -621 | -10 | -4,957 |
Ireland
| Italy
| Netherlands
| Portugal
| Spain
| Sweden
| EU total
| |
| 1996 | 2,439 | -562 | 1,382 | -305 | -453 | 18 | -4,989 |
| 1997 | 2,698 | -1,490 | 2,066 | -543 | -1,016 | 143 | -6,011 |
| 1998 | n/a | n/a | n/a | n/a | n/a | n/a | -9,163 |
Note:
Figures for trade in goods are on an Overseas Trade Statistics (OTS) basis. Figures for trade in services are on a Balance of Payments (BOP) basis. Trade with EU institutions is included in the EU Total. Information on UK trade in services is only available from 1988.
Sources:
Monthly Review of External Trade Statistics (MRETS), ONS
UK Trade in Services, ONS
Annual Abstract of Statistics, ONS