Scottish international exports increase by 3.4%

The Export Statistics Scotland 2018 provides estimates of the cash value of Scotland’s exports of goods and services, by industry and destination for 2018. These show that in 2018 Scotland’s international exports (excluding oil and gas) increased by £1.1 billion to £33.8bn.

Scotland’s exports to the European Union increased by £695 million between 2017 and 2018 – a rise of 4.5%, according to the 2018 export statistics.

The increase in exports was helped by strong performance in exports of food and beverages, up £420m (7.1%) underpinned by strong whisky exports. The manufacture of food and beverages continues to the largest industry for international exports in Scotland.

Scottish export to EU countries grew by 4.5% to £16.1bn in 2018. International exports to non-EU countries grew at a slightly slower rate, increasing by 2.% to £17.7bn.

Scottish exports to the rest of the UK (excluding oil and gas) also increased in 2018, up 2.5% to £51.2bn. This was driven by strong performance in exports of financial and insurance activities and utilities.

Total international and rest of the UK exports (excluding oil and gas) increased by 2.9% to £85bn in 2018. Exports to the rest of the UK accounted for 60% of this total, EU exports accounted for 19% and non-EU exports accounted for 21%.

The USA continues to be Scotland’s top international export destination country with an estimated £5.5bn of goods and services exports in 2018. Within the EU, France (£3bn) overtook the Netherlands (£2.8bn) as the largest market, followed by Germany (£2.5bn).

Economy secretary Derek Mackay welcomed the figures as he visited Scottish Leather Group – an exporter of leather products based in Bridge of Weir, Renfrewshire.

Mr Mackay said: “I welcome these figures, which demonstrate the strength of the Scottish economy, and the increasing value of exports. It is encouraging to see demand for high-quality Scottish products like our world-renowned food and drink continuing to rise.

“Significantly, they show that exports to the European Union grew at a faster rate than those to the rest of the UK or to other international markets. That demonstrates the growing value of the EU to Scotland’s exporters.

“On Friday Scotland will be taken out of the European Union against our wishes – removing us from the world’s biggest trading bloc. That threatens to cause significant damage to the Scottish economy, and poses particular problems for exporters, making it harder for us to reach our ambitious target of international exports being 25% of GDP by 2029.

“That is why the Scottish Government will continue to work to support exporting businesses, develop international links and encourage inclusive growth as set out in the refreshed Economic Action Plan I launched last week.”