Trade Balance: Import and Export of Defence Equipment

House of Lords written question – answered on 11th May 2000.

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Photo of Lord Jenkins of Putney Lord Jenkins of Putney Labour

asked Her Majesty's Government:

To what extent the United Kingdom's balance of trade is dependent upon the arms trade.

Photo of Lord Sainsbury of Turville Lord Sainsbury of Turville Parliamentary Under-Secretary (Science and Innovation), Department of Trade and Industry, Parliamentary Under-Secretary (Department of Trade and Industry) (Science and Innovation)

According to figures published by the Ministry of Defence in UK Defence Statistics 1999, exports of defence equipment in 1998 were worth £3.5 billion, representing 2.1 per cent of total exports of goods. Imports of defence equipment were worth £1.9 billion, accounting for 1.0 per cent of total imports of goods.

Statistics on trade in defence related services are not available.

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