RSS   Newsletter   Contact   Advertise with us

Scotland's international exports increased in 2017, up 6.2 percent

Reading time 1 min     Staff Writer | January 30, 2019
Scotland’s Chief Statistician released Export Statistics Scotland 2017, which provides estimates of the cash value of Scotland’s exports of goods and services, by industry and destination in 2017.
Scotland farm
Britain   This is the highest annual growth rate since 2011
These show that Scotland’s international exports (excluding oil and gas) increased by £1.9 billion (6.2 percent) to £32.4 billion in 2017.

This is the highest annual growth rate since 2011.

The latest statistics show strong performance for the manufacturing sector, driven by growth in exports of refined petroleum and chemical products, up £915 million (35.6 percent) and exports of computer, electronic and optical products, up £550 million (41.1 percent).

The food and beverages sector also contributed to the overall increase, with exports up £455 million (8.4 percent) to £5.9 billion in 2017, underpinned by strong whisky exports (£4.4 billion in 2017).

EU exports provided the majority of the growth in the value of international exports, increasing by £1.7 billion (13.3 percent) to £14.9 billion in 2017.

Scotland’s exports to non-EU countries grew at a slower rate, increasing by £145 million (0.8 percent) to £17.6 billion.

Scottish exports to the rest of the UK (excluding oil and gas) increased in 2017, up £2.2 billion (4.6 percent) to £48.9 billion.

This was driven by increased exports from the service sector, and in particular, exports of financial and insurance activities which increased by £1.2 billion (15.0 percent) to £9.1 billion.

Total international and rest of the UK exports in 2017 (excluding oil and gas) were estimated at £81.4 billion, up £4.1 billion (5.2 percent) from the previous year.

Exports to the rest of the UK accounted for 60 percent of this overall total, EU exports accounted for 18 percent and non-EU exports accounted for 22 percent.

The USA continues to be Scotland’s top international export destination country with an estimated £5.5 billion of exports of goods and services from Scotland in 2017.

Within the EU, the Netherlands (£2.5 billion) continues to be the largest market, followed by France (£2.4 billion) and Germany (£2.3 billion) in 2017.


 

MORE INSIDE POST


 
 
 

Excessive rainfall and flooding threat in Puerto Rico and New Mexico

A trailing cold front in connection with a low pressure system currently moving east across the Great Lakes toward New England will bring a chance of rain into the eastern U.S. on this first day of November following an exceptionally dry October for this part of the country.
 

NEWS

TRENDING

POLITICS

CAREERS

OP-ED

 
 

QUOTE OF THE MOMENT

Martin Scorsese"There's no such thing as simple. Simple is hard."

Martin Scorsese