Scotland last year remained the only part of Britain with a surplus in traded goods, according to the latest data from HM Revenue and Customs.
Exports of goods were up by 19% to nearly £29bn, while they rose 13% for the UK as a whole. Imports to Scotland rose by 12% to more than £24bn, a faster rate than the UK’s 10%.
Scotland’s trade figures partly reflect oil and gas exports. The value of the export of ‘mineral fuels’ rose by 45% to £9bn during 2017.
The Netherlands overtook the USA as Scotland’s largest export partner, receiving £4.3bn in goods.
The HMRC statistics also highlight the relatively small number of companies in Scotland that are exporting. Most companies are large firms in whisky, food and the energy sector.
Want to increase your sales, growth and stability by selling overseas, but unsure where to start? The Department for International Trade’s Exporting Is GREAT Export Hub will be at Forth Ports in Rosyth on 28 March with free guidance & support to help you begin your exporting journey. Click for more information and to reserve your place.