Inflation Adjusted HMRC Regional Trade Statistics for Scotland Q1 2025

Destinations

The EU remains Scotland’s top destination, accounting for around 38% of the value of Scotland’s total goods exports.

In the most recent 12 months, Scotland’s goods exports to the EU decreased by 8% to £8 billion since the previous year.

The greatest decreases in exports to the EU over this period were in General industrial machinery (down 28%), Organic chemicals (down 57%) and Chemical materials & products (down 26%). General industrial machinery accounted for almost a third of all declines in EU exports and was the largest driver of the overall decrease.

The largest positive changes for EU exports were seen in Fish and shellfish (up 8%), Plastics in primary forms (up 29%) and Other manufactured articles (up 15%).

Figure 7. The EU accounts for 38% of international goods exports.

Value of Scotland’s international goods exports in the year ending March 2025

The largest increases in goods exports in the last 12 months has been to Latin America and the Caribbean (up 69%) and North America (up 3%), though these are outweighed by decreases in exports to the EU (down 8%) and the Middle East and North Africa (down 28%).

Figure 8. Goods exports to the EU are down by £740 million

Real terms change in Scotland’s goods exports: the year ending March 2025 compared to the previous year