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04/03/2009

Minister Comments On Export Figures

New statistics show the value of international exports from Scotland rose by £1.3bn in 2007.

Enterprise Minister Jim Mather said the 2007 Global Connections Survey, published today, showed significant overseas demand for Scottish products before the global economic downturn kicked in.

The survey, which covers all sectors of the Scottish economy except oil and gas, shows Scotland's international exports are estimated at £20.6bn - compared to £19.3 bn in 2006. This was largely due to an increase in the manufacturing sector.

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Of all Scotland's exports in 2007, £9.5 bn (46%) were destined for the European Union, whilst £2.8bn (13%) of exports were destined for the USA - the top export destination country for Scottish exports.

Mr Mather said: "While 2007 was a strong year for Scottish exports, the effects of the global economic downturn have since become clear for all to see.

"The figures emphasise the importance of key markets like the United States and the European Union. Despite the challenging climate we now face, it's clear from this survey that Scottish industry and expertise is internationally renowned for excellence.

"That's why we are focusing all our efforts on our economic recovery programme which is designed to position Scotland's economy for a stronger recovery and re-invigorate Scottish exports when the good times return."

(GK/JM)

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