UK trade deficit

Scotch Whisky Exports Analysis 2017

23 May 2018

Earlier this year, it was revealed that the Scotch Whisky industry has posted record-breaking exports in 2017, growing in both volume and value (by 1.6% and 8.9% respectively) to a total of £4.37bn - the equivalent of 1.23bn bottles exported globally.

This new analysis reveals that, while the UK trade deficit reduced from £166bn in 2016 to £153bn in 2017, the deficit would be 2.9% greater without Scotch Whisky exports. In 2017, of every £100 of goods exported from the UK, £1.30 was Scotch Whisky.

The analysis also shows that exports of Single Malt Scotch Whisky continue to grow, with an increase of 14% year-on-year to £1.17bn. This is the second year in a row that exports of Single Malt have surpassed £1bn, reflecting a trend towards premium products in global markets.

A full copy of the SWA's 2017 Scotch Whisky Export Analysis can be downloaded below: