Inflation Adjusted HMRC Regional Trade Statistics for Scotland Q4 2024
Part of
Goods exports to the EU
In 2024 Scotland’s goods exports to the EU decreased by 8% to £7.2 billion since the previous year.
Over this period the greatest decreases were in Medicinal & pharmaceutical products (down 26%), Organic chemicals (down 50%) and Chemical materials & products (down 22%). Medicinal & pharmaceutical products accounted for 15% of the total decline 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 15%), Telecomms & sound recording (up 16%) and Plastics in primary forms (up 11%).
Figure 3. Medicinal & pharmaceutical products saw the largest decrease in goods exports to the EU
Real terms change in Scotland’s top exported commodities to the EU: 2024 compared to the previous year
Figure 4. Drink accounted for 21% of the value of Scotland’s EU goods exports
Value in real terms of Scotland’s top exported commodities in 2024
Figure 5. Scotland’s EU and non-EU goods exports have followed similar patterns since 2018.
Index of Scotland’s international goods exports (CVM) by destination, 2018 to 2024. 2018 = 100.
Over the longer term Scotland’s goods exports to the EU have decreased by 18% since 2018.
The decline for Scotland over this period was driven by Apparel & clothing (down 84%), Professional & scientific instruments (down 58%) and Chemical materials & products (down 47%).