Scotch whisky exports show the way ahead for other sectors

New data from HM Revenue & Customs has revealed that one of the UK’s leading exports, Scotch whisky, has seen a meteoric rise in exports.

The famous spirit’s exports climbed by 10.8 per cent to almost £2 billion in the first half of 2018, according to the data, which has been analysed by the Scotch Whisky Association.

This shows a year-on-year increase of 5.6 per cent in the volume of Scotch exports, to around 558 million bottles during this period.

Single malts saw the most significant increase, with exports up 14.4 per cent to £36.3 million on the same period last year.

The fastest growing market for Scotch was India, where exports rose by 44.4 per cent, to about £56 million, followed by China, which saw growth of 34.8 per cent to £36.3 million.

Chief executive Karen Betts said: “It’s hugely encouraging to see Scotch whisky exports continue to grow – and at double-digit rates – in the first half of this year.

“Scotch whisky is a luxury spirit, crafted with care in Scotland, and enjoyed all over the world – in established markets like the EU and emerging markets like India and China.”

Industry experts and economists have said that Scotch producers could show other businesses how to create an identity and grow their customer base in regions outside of the EU in order to support their growth post-Brexit.

Reanda UK is a subsidiary of leading independent accountancy firm Grunberg & Co Limited. Our aim is to help businesses and individuals to navigate the UK’s world-renowned business and tax infrastructure, and to support them with their international ambitions. To find out how we can help you, please contact us.  

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