Inflation Adjusted HMRC Regional Trade Statistics for Scotland Q1 2025

International goods exports

In the year ending March 2025, the value of Scotland’s international goods exports decreased by 3% to a value of £20.8 billion since the previous year.

The commodity category with the highest export value in the year ending March 2025 was Drink at £4.9 billion. This was followed by Power generating machinery at £2.6 billion, General industrial machinery at £1.7 billion, Fish and shellfish at £1.3 billion, and Medicinal & pharmaceutical products at £1.1 billion.

The decline in Scotland’s goods export value since the previous year was driven largely by a 19% drop in the exports of Power generating machinery, a 56% decrease in exports of Organic chemicals and a 15% decrease in Medicinal & pharmaceutical products. The largest of these decreases was the decrease in Power generating machinery, which accounted for around a third of the total decline.

Drink and Power generating machinery account for 36% of Scotland’s international goods exports. In the year ending March 2025 exports of Drink accounted for 24% and Power generating machinery accounted for 12% of Scotland’s export value.

Figure 1. Drink export value increased by 3%

Real terms change in Scotland’s top international exported commodities: the year ending March 2025 compared to the previous year

Figure 2. Drink accounted for 24% of the value of Scotland’s international goods exports

Value in real terms of Scotland’s top exported commodities in the year ending March 2025

Since the year ending March 2019 Scotland’s goods exports fell by 15%. This was driven by falls in Power generating machinery (down 27%), Organic chemicals (down 72%) and Iron and steel (down 65%) which had the most impactful declines.