April 30th, 2008The UK exports of Scotch whisky reach record levels
Exports of Scotch whisky have reached new record levels for the one year period under survey, according to latest figures made available by an industry body. The Scotch Whisky Association (SWA) declared the value of exports managed to reach a new high of almost £2.8bn, earning £90 every second for the country’s balance of trade.
According to details released, the value of Scotch Whisky exports to India grew by 36 per cent to £33m, whereas exports to the European Union went up by 27 per cent. The SWA mentioned that export volume was also significantly up - with the equivalent of 1,135 million bottles of whisky exported.
SWA chairman, Paul Walsh, stated the performance ‘well underscores just how important Scotch Whisky is to the UK economy.’ He added: “This is indeed all the more impressive considering the economic difficulties that have been encountered in certain markets in the second half of 2007.”
Top ten export markets in 2007 by value are: USA £419.2m; Spain £307.5m; France £294.2m; Singapore £158.1m; South Korea £139.3m; Greece £103.5m; Germany £96.3m; South Africa £90.9m; Taiwan £81.8m and Portugal £48.3m.
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