§ Mr. Clemitson
asked the Secretary of State for Trade what percentage of total industrial production was exported in each of the last 10 years.
§ Mr. Meacher
Estimates of the percentage, by value, of the United Kingdom output of manufactured products exported in the years 1966–75 are as follows:
Percentage of output exported 1966 26 1967 25 1968 28 1969 29 1970 30 1971 31 1972 31 1973 34 1974 37 1975 38
Manufactured products are the products of manufacturing industry as defined in the Standard Industrial Classification 1968.
Output has been estimated free of duplication—i.e., to exclude sales within manufacturing industry.
The percentages overstate the proportion of output which is exported, because of the inclusion of goods for re-export, processing and repair and the fob basis of valuation.