Scotland Tops UK in Trade Surplus and Economic Growth

Scotland has recently emerged as the top performer in the UK when it comes to international trade, recording a record trade surplus of £20.9 billion in 2021. This impressive surplus surpasses all other nations within the UK and marks the highest point in a five-year period measured by the Office for National Statistics (ONS). A significant factor behind this success is the resilience and quality of Scottish businesses, along with the impact of the export growth plan launched in 2019, which aimed to increase Scotland’s exports to 25% of its GDP.

Beyond trade, Scotland’s economy is also showing positive growth in other key areas. Consumer spending in Scotland is forecasted to rise by 1.5% in 2025, outpacing the UK average. This growth is supported by moderating inflation, rising consumer confidence, and relatively affordable housing, which allows households to allocate more income to goods and services. These factors combine to strengthen Scotland’s overall economic outlook.

These developments highlight Scotland’s growing economic significance within the UK, showcasing its competitive edge in trade and consumer spending. With a continued focus on export growth and fostering economic resilience, Scotland is positioning itself as a key contributor to the UK’s broader economic success and growth in the years to come.