High Level Summary of Statistics Trend Last update: Friday, May 16, 2008
Exports
Scottish exports in 2005 were provisionally estimated to be £18.6 billion, an increase of £0.9 billion since 2004, with exports to the EU reduced by £0.3 billion.
In 2005, the top destination for exports was the USA, which accounted for an estimated £2.1 billion (11% of total exports). The USA, Netherlands, Germany, France and Spain are the top 5 markets for Scottish exporters, and together they account for 38% of the total exports (further data are available from the Global Connections Survey). Following an increase of £0.5 billion in 2004, exports to the USA saw a decline in 2005 back to the previous level of £2.1 billion. Exports to both France and Germany experienced a marginal decline, largely due to subdued domestic demand in these economies.
However, it should be noted that the reduction in the value of exports to the traditional Scottish export markets within the EU was partially offset by an increase of £0.6 billion to Asia. This is consistent with the emergence of new export markets in the economies of India and China. Indeed, China was in the top 20 export destinations for the first time in 2005 (13th).
Source: Scottish Government
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