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 imports increased by 12.2% (£3.8 billion) to £35.1 billion in the year ending June 2023, which is the same proportional increase as seen by the UK (12.2%). The increase was largely driven by growth in the value of power generating machinery (up 56.5%, £1.1 billion), gas (up 9.4%, £797 million), and oil (up 28.1%, £397 million) imports.
Imports from the EU increased by around a fifth (21.5%), and imports from non-EU countries increased by 7.9% during this period. Norway was the top country for Scotland’s goods imports, accounting for a quarter (25%) of the value of Scotland’s goods imports in the year ending June 2023.
Table 8. The value of Scotland’s international goods imports 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 |
25.5 |
31.3 |
35.1 |
37.5% |
12.2% |
|
Scotland (exc. Oil & Gas) |
21.6 |
21.4 |
24.0 |
11.3% |
12.3% |
|
England |
396.2 |
428.3 |
469.8 |
18.6% |
9.7% |
|
Wales |
18.8 |
20.6 |
23.5 |
24.9% |
13.9% |
|
Northern Ireland |
8.1 |
8.9 |
9.9 |
22.0% |
10.5% |
|
United Kingdom |
493.1 |
559.6 |
627.8 |
27.3% |
12.2% |
|
United Kingdom (exc. Oil & Gas) |
446.6 |
477.2 |
534.0 |
19.6% |
11.9% |
Source: HMRC RTS, Q2 2023
Figure 12. The value of goods imports from non-EU countries has been volatile since the end of 2021
Value (£ billion) of Scotland’s goods imports from EU and non-EU countries (quarterly), Q1 2018 to Q2 2023
Source: HMRC RTS, Q2 2023
Table 9. The value of Scotland’s top ten imported goods, £ 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 (%) |
|
Gas |
2.6 |
8.5 |
9.3 |
252.2% |
9.4% |
|
Power generating machinery |
2.2 |
2.0 |
3.1 |
37.6% |
56.5% |
|
Office machinery |
2.9 |
2.6 |
2.2 |
-23.8% |
-14.1% |
|
Oil |
1.3 |
1.4 |
1.8 |
39.4% |
28.1% |
|
General industrial machinery |
1.1 |
1.0 |
1.2 |
17.9% |
27.1% |
|
Electrical machinery & appliances |
1.0 |
0.9 |
1.2 |
24.7% |
29.4% |
|
Road vehicles |
0.4 |
0.9 |
1.2 |
159.6% |
29.2% |
|
Other transport equipment |
1.4 |
0.8 |
1.1 |
-20.2% |
50.5% |
|
Apparel & clothing |
1.0 |
0.9 |
1.0 |
0.7% |
19.5% |
|
Professional & scientific instruments |
0.6 |
0.7 |
0.8 |
36.3% |
24.2% |
Source: HMRC RTS, Q2 2023
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