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).
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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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