Why Scotland Needs A Free Trade Deal With The EU
New figures show that the value of Scotland’s goods exports to the European Union has grown in the last year.
Trade Minister Ivan McKee said that Scotland’s goods exports to the EU has risen to £15.7 billion this year, making up more than half of overall goods exports, which has risen to over £29.6 billion.
This means that the value of Scotland’s annual goods exports increased by 6% and is a higher growth rate than the overall UK figure of 4% and is also the highest percentage increase of any UK country.
Exports of goods to the EU are up 18% to £15.7 billion and more specifically exports of oil and gas to the EU are up 37% from £5.7 billion to £7.8 billion, which is eight times the value of Scotland’s trade with the rest of the UK.
These figures show just how important our trade with the EU is and demonstrates financially the importance of Scotland staying within the single market and customs union.