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Minister fears Brexit impact

EU now accounts for more than half of Scottish exports

Port of Grangemouth

Exports are keeping Scotland’s ports busy


 

EU countries now buy more than half of Scottish exported goods, according to the HMRC’s Regional Trade Statistics.

The value of Scotland’s annual goods exports increased by 6% to £29.6 billion of which goods to the EU are up 18% to £15.7bn. Oil and gas exported to the EU is 37% higher at £7.8bn.

Speaking from Hamburg, where he is discussing further growth in Scotland’s trade with Europe, Trade Minister Ivan McKee, said total exports are growing at a greater rate than the overall UK figure of 4% and the highest percentage increase of any UK country.

“The figures show just how important trade with the EU is,” said Mr McKee. “They demonstrate in pounds and pence the competitive disadvantage Scotland will suffer compared to Northern Ireland under the UK Government’s current proposals.

“They also show the importance of Scotland staying in the single market and customs union, which is eight times bigger than the UK market alone, because trade with the EU makes up more than half of Scotland’s exports.

“It goes to show Scotland remains open for business, despite uncertainty over Brexit. However, the figures also demonstrate the importance of the EU as it remains the largest single market for Scotland’s international exports – supporting directly or indirectly hundreds of thousands of jobs across Scotland.”



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