Figures released today show the value of Scotland’s goods exports
are growing at a faster rate than for the UK as a whole. The HMRC
Regional Trade Statistics relate to international trade in goods
only, including oil and gas, for the second quarter of 2023.
They show that:
- Compared to the previous year, the value of Scotland’s
international goods exports increased by 12.6% to £36.7 billion
in the year ending June 2023. For the UK as a whole, goods
exports increased by 12.2%.
- When oil and gas are excluded, Scotland had an increase of
13.2%, compared to 12% growth experienced by the UK.
- There was strong growth in the value of drinks exports (up
£829 million, 17.1%)
Commenting on the statistics, Trade Minister said:
“These figures show a strong performance for Scotland’s exports,
despite these very challenging economic times.
“They are testament to the resilience and quality of Scottish
businesses, and highlight the success of our export growth plan,
which aims to increase the value of our exports to 25% of GDP by
2029.
“Exports boost the economy by driving growth and creating jobs.
They are a key part of our National Strategy for Economic
Transformation and we continue to develop Scotland’s world class
expertise in areas such as life sciences, renewables, DigiTech
and food and drink, and through initiatives such as the Scottish
Government’s Innovation Strategy.”
Background
UK regional trade in goods
statistics: second quarter 2023 - UK Trade Info
