2. Table II
Analysis of UK exports to China
(£ million)
די
1975
1976
JAN-OCT
1977
Complete aircraft
19.5
25.2
22.8
Electrical machinery
4.2
5.2
4.0
7.8
1.4
5.7
Aircraft engines
Other machinery
16.3
7.0
2.9
Iron & Steel
2.8
8.2
2.6
Textile products
7.0.
10.3
5.6
Chemical elements/compounds
1.8
1.7
2.2
TOTAL
(including other products)
80.4
68.2
51.7
Source Overseas Trade Statistics
}
Interpretation
Aircraft and aircraft engines (including the Spey and Trident contracts) now form the major part of UK trade (% of total trade has risen from 34% in 1975 to 55% this year). Exports to China of iron and steel,machinery and textile products have shown a significant decline this year.
The Trident contract was signed in August/September 1971, total value £120 million (35 aircraft) and 5 aircraft are still to be delivered. contract should be completed by mid-1978.
The
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