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Index of Manufactured Exports 2012 Q3

IME Analysed by Industry Sectors (seasonally adjusted)

 

Quarterly Growth

In the latest quarter the largest contribution to the growth in exports was from Food & Drink (+5.9%). Within this sector, the largest growth was in drink exports, which grew by 9.2 per cent from the second quarter of 2012 compared to a growth of 1.6 per cent in food and tobacco.

There was also quarterly growth in the exports from Other Manufacturing (1.3%) and exports from the Wood, Paper, Publishing & Printing sector grew by 0.2 per cent from the second quarter of 2012.

Exports from Engineering and Allied Industries experienced a decline in export volumes of 0.8% over the quarter. There were also contractions in export volumes for Textiles, Fur and Leather (-8.3%), Chemicals, Coke, Refined Petroleum Products and Nuclear Fuel (-3.2%) and Metals and Metal Products (-0.4%).

 

Annual Growth

The total volume of exports from the manufacturing sector in Scotland contracted by 0.8 per cent over the year to the end of September 2012 (4Q-on-4Q).

The volume of exports from Textiles, Fur and Leather (-1.1%), Wood, Pulp, Paper, Publishing and Printing (-11.8%), Chemicals Coke, Refined Petroleum Products and Nuclear Fuel (-1.5%), Metals and Metal products (-14.1%) and Other Manufacturing (-5.4%) all declined over the 4 quarters to the end of September 2012.

The volume of exports from Engineering and Allied Industries experienced growth of 0.4% over the year. Within this sector Mechanical Engineering experienced annual growth of 7.0% and the volume of exports from Transport Equipment increased by 14.9%. This was partially offset with a contraction of the volume of exports from Electrical and Instrument Engineering of 5.4% over the year.

Annual growth in the volume of exports from the Food & Drink sector was (+2.3%) which was composed of growth of 3.4% in Drink partially offset by a contraction in exports of Food and Tobacco of 1.6% over the year.

 

Key Trends

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 10 per cent below their pre-recession level.

 

Growth and Contribution To Growth

Growth Rates and Contributions to Growth

Components may not sum to totals due to rounding