Scottish exports increase
Christian Fernsby ▼ | January 29, 2020
Scotland’s exports to the European Union increased by £695 million between 2017 and 2018 a rise of 4.5%.Article continues below
Topics: SCOTTISH EXPORT
The 2018 export statistics, published today, show total international exports rose by £1.1 billion an increase of 3.4%. Exports to the rest of the UK increased by £1.2 billion (up 2.5% on 2017) bringing the total value of Scottish exports up to £85 billion.
The increase in international exports was driven by strong performances in the manufacturing sector, which includes exports of food and drink.
Economy Secretary Derek Mackay welcomed the figures as he visited Scottish Leather Group an exporter of leather products based in Bridge of Weir, Renfrewshire.
Mackay said: “I welcome these figures, which demonstrate the strength of the Scottish economy, and the increasing value of exports. It is encouraging to see demand for high quality Scottish products like our world-renowned food and drink continuing to rise.
“Significantly, they show that exports to the European Union grew at a faster rate than those to the rest of the UK or to other international markets. That demonstrates the growing value of the EU to Scotland’s exporters.
“On Friday Scotland will be taken out of the European Union against our wishes – removing us from the world’s biggest trading bloc. That threatens to cause significant damage to the Scottish economy, and poses particular problems for exporters, making it harder for us to reach our ambitious target of international exports being 25% of GDP by 2029.
“That is why the Scottish Government will continue to work to support exporting businesses, develop international links and encourage inclusive growth as set out in the refreshed Economic Action Plan I launched last week.” ■
A wave of low pressure over the Middle Mississippi Valley will move northeastward to off Northern New England Coast by Monday evening.
Latest Italian Prime Minister in Libya to conclude $8 billion gas deal
Curved sofas, elegant and gentle
Record rainfall overnight in Auckland causes massive flooding
New swine fever outbreak confirmed in Gauteng, South Africa
Japan launches intelligence satellite to join fleet in orbit
U.S. designates former President of Panama Martinelli for involvement in significant corruption
French workers go on 48-hour strike over pension reform proposal
U.S.: Winter storm departing northeast, strong winds in California
Justice Department dismantled Hive ransomware group
Electricity from renewable sources on the rise in EU
North Carolina: Construction begins on new tower at Asheville Regional Airport
Second weekly decline in active U.S. oil rigs
Australian consumer watchdog launches crackdown on misleading social media influencers
Globalisation redefined as manufacturing moves closer to home
Trending Now
Iraq, France agree on energy, security cooperation
MEP from Hungary: European gas price cap would have negative effect on gas markets
EU launches €100 million Regional Teachers' Initiative for Africa
Governor announces plan to deliver economic relief to New Mexicans
Missouri awards $30 million in funding to help companies find and train workers
Today We Recommend Highlights
Milo's Tea Company to create 103 new jobs in Spartanburg County, South Carolina
SK Battery America to open U.S. IT center, create 200 high-tech jobs in Roswell, Georgia
Chipotle Mexican Grill to hire 15,000 workers
Duke Energy begins operation of Idaho’s largest solar plant
BT Group to recruit more than 400 apprentices and graduates
Dollar Bank names Peter Kubiska new chief marketing officer
Bank of South Carolina CEO Fleetwood S. Hassell to retire
Drest appoints Henri Holm as CFO
VC4A introducing Vincent Hoogduijn as CEO
Introhive appoints Lee Blakemore as CEO
Uzbekistan's economy grows 5.7 pct in 2022
Irish consumer confidence hit seven month high in January
Bank of Canada hikes rates
Singapore’s core inflation at 5.1 pct in December, averaged 4.1 pct for 2022
EU trade with Russia declined strongly
Chevron Q4 earnings $6.4 billion
Weyerhaeuser Q4 profit decreases
LG slips to loss in Q4
Santa Cruz County Bank Q4 income $10.0 million
American Airlines Q4 revenues up 39.9%
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
New Zealand suffers egg supply shortage
Hong Kong suspends import of poultry meat and products from areas in Mexico and Poland
FAO and Japan to help Moldovan rural households overcome multiple crisis effects
African Development Bank to commit $10 billion to make continent world's breadbasket
Defra: Six more sustainable farming standards to replace Basic Payment Scheme
The madness of fast service: I want it now!
How to build a resilient brand
Only 32% of employees believe their pay is fair
Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros
Bloomberg to pay $5 million for misleading disclosures about its valuation methodologies for fixed income securities
Italy fines Yoox with over 5 million euro for misleading prices and limitations of right of withdrawal
Nexo agrees to pay $45 million in penalties and cease unregistered offering of crypto asset lending product
Virgin Atlantic fined for operating flights in prohibited airspace
Magazine
Art After School, the perfect way to spark imagination in your child
The world's biggest food fair in Berlin you don't wanna miss
Largest antiques show comes to small Texas town
Meet and see great artists from across the United States
Address Grand Creek Harbour opens its doors to guests
2024 Corvette E-ray, electrified 4WD
Jaguar I-PACE is now more distinctive
2023 Toyota Prius expected this January
2023 Lincoln Corsair, advance features and ActiveGlide
Lamborghini Huracán Sterrato, first super sports car for any terrain
Coats of faux fur, but not of faux style
Redifining kitchen space and experience with workstations
Dinning sofas, a soft addition to a modern dinning table
Patchwork carpets, vintage Persian carpets made with unparalleled skill
Real life wallpapers, perfectly executed
KEF KC62, audio excellence and design ingenuity
Panasonic announces flagship OLED TV MZ2000
McIntosh MC451, 150 Watt vacuum tube and 300 Watt solid state amplifier
Headonia 2A3, luxury headphone amplifier that comes with gloves
ASUS launches ExpertBook B9 for executives
Once-daily Sotyktu gets positive opinion as treatment for adults with moderate-to-severe plaque psoriasis
EMA update on shortages of antibiotics in EU
Researchers develop new urine test that can diagnose cancer
India launches 'world's first' intranasal COVID-19 vaccine
Quibim and European Commission to launch EUCAIM, federated infrastructure for cancer images data in Europe
NASA, Pentagon developing nuclear-powered rocket for Mars
Milky Way found to be too big
Earth's inner core rotation paused
Airbus-built JUICE spacecraft set for lift-off to study Jupiter’s icy moons
Ripples in fabric of universe may reveal start of time