‘It’s interesting to see Singapore coming out as Scotland’s biggest food and drink export market per capita outside the EU, as more and more Singapore consumers opted for quality Scottish produce. As Singapore is the gateway to Asia, the statistics could reflect growing popularity of Scottish food and drink brands across the Asian continent.
‘From an EU perspective, France tops the table at £810m in export value, followed by Ireland at £224m – highlighting a potential fiscal risk for Scotland post-Brexit if additional tariffs are applied.
‘The latest export statistics follows the launch of a new export strategy from the Scottish Government, Scotland: a trading nation, which demonstrates the importance of trade to Scotland’s economic future. Although exports have increased in value, they have remained broadly static as a proportion of the economy, so there is now a drive to pick up the pace to remain competitive.
‘Judging by today’s statistics from the Department of International Trade, it’s clear that Brand Scotland has still got international appeal, and when you combine this with governmental support, we have a real opportunity to maximise international markets, whilst stimulating inward investment.’