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Index of Manufactured Exports, First Quarter 2012

IME Analysed by Industry Sectors (seasonally adjusted)

Quarterly Growth

In the latest quarter the largest contribution to the fall in exports was from the Food & Drink sector (-2.9%), where growth in food exports was outweighed by the first fall in drink exports since early 2010.

This fall was partially offset by growth in the Engineering & Allied Industries (+1.4%) and Chemicals & Refined Petroleum (+2.4%) sectors.

There were also quarterly falls in the exports from  the Metals & Metals Products sector, the Wood, Paper, Publishing & Printing sector, and the Textiles, Clothing & Leather sector.

Annual Growth

The total volume of exports from the manufacturing sector in Scotland grew 4.2 per cent on an annual basis to the end of March 2012 (4Q-on-4Q), with growth in most sectors and subsectors.

The largest contribution to annual growth was the Food & Drink sector (+8.8%), followed by Engineering & Allied Industries (+2.8%) and Chemicals & Refined Petroleum Products (+5.2%). The largest negative contribution offsetting this growth is the fall in Wood, Paper, Publishing & Printing (-13.0%). 

 

Key TrendsIME 2012 Q1

The annual rate of growth in manufactured exports (4Q-on-4Q) has slowed in the latest quarter, from 4.9 per cent to 4.2 per cent. This reflects the slowing of quarterly growth in the second half of 2011, following strong results at the start of the year.

The index of manufactured exports fell more than 13 per cent during the recession in 2008/9. Since then the trend in the results shows a recovery in export volumes, although the quarterly growth rates have been relatively volatile. The latest results show that export volumes remain around 6.4 per cent below their pre-recession level.

 

 

 

 

 

Growth and Contribution To Growth

 Percentage Growth: latest quarter on previous quarter

  2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1
Total Manufacturing 4.1% 1.8% 0.1% 0.0% -0.6%
Food, Drink & Tobacco 3.3% 2.4% 3.2% 1.6% -2.9%
Textiles, Clothing & Leather 4.5% 1.7% -0.6% 6.7% -4.6%
Wood, Pulp, Paper, Publishing & Printing 2.9% -9.4% -4.1% -1.5% -5.9%
Chemicals, Coke, Refined Petroleum & Nuclear Fuel 12.4% 3.5% -3.6% -3.8% 2.4%
Metal & Fabricated Metal Products 9.6% -6.1% 9.9% -11.6% -6.0%
Engineering & Allied Industries 1.4% 3.2% -1.8% 2.2% 1.4%
Other Manufacturing 2.4% 0.8% 2.6% -6.9% 0.2%

 

Contribution to growth: latest quarter on previous quarter

  2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1
Food, Drink & Tobacco 1.0 0.7 1.0 0.5 -0.9
Textiles, Clothing & Leather 0.1 0.0 0.0 0.2 -0.1
Wood, Pulp, Paper, Publishing & Printing 0.1 -0.4 -0.2 -0.1 -0.2
Chemicals, Coke, Refined Petroleum & Nuclear Fuel 1.7 0.5 -0.5 -0.6 0.3
Metal & Fabricated Metal Products 0.4 -0.3 0.4 -0.6 -0.3
Engineering & Allied Industries 0.6 1.2 -0.7 0.8 0.5
Other Manufacturing 0.1 0.0 0.1 -0.4 0.0

Components may not sum to totals due to rounding

 

Percentage growth: latest 4 quarters on previous 4 quarters

  2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1
Total Manufacturing 2.3% 2.4% 3.0% 4.9% 4.2%
Food, Drink & Tobacco 1.5% 3.0% 5.4% 8.2% 8.8%
Textiles, Clothing & Leather 15.4% 19.5% 21.5% 21.0% 12.2%
Wood, Pulp, Paper, Publishing & Printing 11.5% 1.6% -1.6% -6.7% -13.0%
Chemicals, Coke, Refined Petroleum & Nuclear Fuel 2.7% 1.2% 3.4% 8.1% 5.2%
Metal & Fabricated Metal Products 21.4% 9.8% 5.6% 3.0% -3.9%
Engineering & Allied Industries -2.0% -0.5% -0.7% 1.7% 2.8%
Other Manufacturing 13.9% 12.5% 11.3% 6.1% 3.8%

 

Contribution to growth: latest 4 quarters on previous 4 quarters

  2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1
Food, Drink & Tobacco 0.4 0.9 1.6 2.4 2.6
Textiles, Clothing & Leather 0.3 0.4 0.5 0.5 0.3
Wood, Pulp, Paper, Publishing & Printing 0.4 0.1 -0.1 -0.3 -0.6
Chemicals, Coke, Refined Petroleum & Nuclear Fuel 0.4 0.2 0.5 1.1 0.8
Metal & Fabricated Metal Products 0.9 0.4 0.3 0.1 -0.2
Engineering & Allied Industries -0.8 -0.2 -0.3 0.7 1.1
Other Manufacturing 0.7 0.6 0.6 0.3 0.2

Components may not sum to totals due to rounding