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).
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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