Scotland's International Goods Trade: Quarter 2 2023
This report contains Scotland's trade in goods data from the latest release of HMRC's Regional Trade Statistics (RTS).
This document is part of a collection
Compared to the previous year, the value of Scotland’s goods exports to non-EU countries increased by 13.0% (up £1.7 billion) to £14.9 billion in the year ending June 2023. This was a slightly larger proportional increase than for the UK overall, which saw a 12.2% increase over this period. When oil and gas are excluded, the value of Scotland’s goods exports increased by 17.5%, which is larger than the 13.8% increase in the value of UK goods exports to non-EU countries.
Table 5. The value of goods exports to non-EU countries by UK nation, £ billions, year ending (YE) June (Q2) 2019, 2022, 2023
|
UK Nation |
YE Q2 2019 |
YE Q2 2022 |
YE Q2 2023 |
YE Q2 2019 v YE Q2 2023 (%) |
YE Q2 2022 v YE Q2 2023 (%) |
|
Scotland |
16.5 |
13.2 |
14.9 |
-9.9% |
13.0% |
|
Scotland (exc. oil & gas) |
12.3 |
12.3 |
14.5 |
18.2% |
17.5% |
|
England |
125.0 |
121.2 |
138.3 |
10.7% |
14.1% |
|
Wales |
7.0 |
7.8 |
8.6 |
23.6% |
10.3% |
|
Northern Ireland |
3.7 |
3.0 |
3.6 |
-3.0% |
20.0% |
|
United Kingdom |
170.8 |
164.1 |
184.1 |
7.8% |
12.2% |
|
United Kingdom (exc. oil & gas) |
159.0 |
155.2 |
176.6 |
11.1% |
13.8% |
Source: HMRC RTS, Q2 2023
Figure 7. Scotland saw larger growth in exports to non-EU countries in percentage terms than the UK as a whole when oil and gas are excluded
Percentage change in goods exports to non-EU countries by UK nation and UK overall, in the year ending June 2023 compared with the year ending June 2022
Source: HMRC RTS, Q2 2023
Figure 8. Since the pandemic, the value of oil and gas exports does not seem to be driving trends in exports to non-EU destinations
Value (£ billions) of Scotland’s goods exports to non-EU countries (quarterly), 2018 Q1 to 2023 Q2
Source: HMRC RTS, Q2 2023
In the year ending June 2023 compared to the previous year, the biggest drivers of Scotland’s increase in the value of goods exports to non-EU countries were growth in exports of drinks (up £669 million, 20.4%) and power generating machinery and equipment (up £578 million, 33.9%), which were the top two exported products during this period. There was a decrease in exports of non-ferrous metals (down £363 million, 47.1%) and oil (down £449 million, 56.7%) over this period. Non-ferrous metals was the only one of the top ten exported goods to non-EU countries to experience a decrease over this period.
Figure 9. Scotland’s goods exports to non-EU countries were dominated by exports of drinks, which accounted for over a quarter of Scotland’s goods exports to non-EU countries
Scotland's top ten exported products to non-EU countries, in the year ending Q2 2023
Source: HMRC RTS, Q2 2023
Table 6. The value of Scotland’s top ten exported goods to non-EU countries, £ billions, year ending (YE) June (Q2) 2019, 2022, 2023
|
Product |
YE Q2 2019 |
YE Q2 2022 |
YE Q2 2023 |
YE Q2 2019 v YE Q2 2023 (%) |
YE Q2 2022 v YE Q2 2023 (%) |
|
Drink |
3.1 |
3.3 |
4.0 |
28.1% |
20.4% |
|
Power generating machinery |
2.2 |
1.7 |
2.3 |
2.3% |
33.9% |
|
General industrial machinery |
0.8 |
0.9 |
1.0 |
27.1% |
11.5% |
|
Professional & scientific instruments |
0.6 |
0.6 |
0.7 |
14.0% |
2.9% |
|
Chemical materials & products |
0.3 |
0.5 |
0.6 |
73.7% |
6.9% |
|
Other transport equipment |
0.5 |
0.4 |
0.5 |
0.0% |
35.2% |
|
Medicinal & pharmaceutical products |
0.4 |
0.4 |
0.5 |
26.3% |
25.9% |
|
Electrical machinery & appliances |
0.4 |
0.4 |
0.5 |
15.7% |
22.7% |
|
Manufactures of metal |
0.3 |
0.3 |
0.4 |
34.7% |
42.9% |
|
Non-ferrous metals |
0.4 |
0.8 |
0.4 |
6.4% |
-47.1% |
Source: HMRC RTS, Q2 2023
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