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Overseas Trade: Iran

Volume 472: debated on Friday 7 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the value of UK trade with Iran was in years (a) 2005-06 and (b) 2006-07; and what it is expected to be in 2007-08. (191986)

Trade statistics are usually published on a calendar year basis. The Office for National Statistics UK Balance of Payments Pink Book gives the following figures:

£ million

2005

2006

UK exports of goods to Iran

452

423

UK imports of goods from Iran

34

70

UK exports of services to Iran

204

212

UK imports of services from Iran

44

43

UK exports of goods and services to Iran

656

635

UK imports of goods and services from Iran

78

113

Data is not yet available for 2007 on a balance of payments basis. Using a slightly different definition, HM Revenue and Customs ‘Overseas Trade Statistics’ give:

£ million

2005

2006

2007

UK exports of goods to Iran

463.9

431.4

400.3

UK imports of goods from Iran

38.8

71.7

66.4