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Scottish Manufactured Exports for second quarter 2007
03/10/2007
Scottish manufactured export sales increased by 4.4 per cent in real terms in 2007 Q2 and grew by 3.6 per cent over the year to 2007 Q2, according to estimates published today by the Scottish Government.
The main findings are:
- Scottish manufactured export sales increased by 4.4 per cent in real terms in 2007 Q2 and grew by 3.6 per cent over the year to 2007 Q2
- Over the quarter, the main industry driving the increase in manufactured export sales was engineering which grew by 12.9 per cent over the latest quarter followed by metals & metal products (+8.0 per cent) and chemicals & refined petroleum (+2.6per cent). The main industries showing decline in real terms were drink (-9.3 per cent), wood, paper & publishing (-7.0 per cent) and food & tobacco (-6.3 per cent)
- Over the year, engineering and drink were the main industries contributing to the growth in manufactured export sales with annual growths of 6.2 per cent and 3.4 per cent respectively. Metals & metal products also showed strong growth over the year (19.0 per cent). The main industry showing a decline in manufactured export sales in real terms over the year was chemicals, with an annual decline of 3.3 per cent. Food (-6.2 per cent), wood, paper, publishing & printing (-6.5 per cent) and other manufacturing (-4.3 per cent) also fell over the year
Longer Term Trends
- Over 1995 Q1 to 2000 Q4, the index of manufactured exports exhibited a period of strong growth (1.9 per cent average quarterly growth) which was followed by a sustained period of decline from 2000 Q4 (3.6 per cent average quarterly decline 2000Q4-2003 Q3). Since the end of 2004, there has been evidence of modest growth in manufactured export sales
- The growth and decline in manufactured exports over the period 1995-2004 is largely explained by the electrical and instrument engineering sector which grew by 124.6 per cent between 1995 Q1 and 2000 Q4 and fell by 65.9 per cent between 2000 Q4 and 2004 Q4
- At its peak, in 2000, the electrical and instrument engineering sector accounted for 58 per cent of Scotland's manufactured exports. This industry remains Scotland's largest exporting sector and accounted for 34 per cent of Scotland's total manufactured exports in 2006
Due to a risk of disclosure of individual company exports information, it has been necessary to suppress the 2007 Q2 figures for two of the detailed engineering series (transport equipment and mechanical engineering) in order to safeguard contributor confidentiality.
The suppression of these cells will be kept under review, and should subsequent revisions to this series reduce the risk of disclosure to an acceptable level these cells will be published in future.