Date lodged: 22 June 2018
To ask the Scottish Government what its position is on whether a relatively weak pound over the last two years has been the driving factor in an improved net trade position for Scotland.
Answered by: Derek Mackay 16 July 2018
Quarterly National Accounts Scotland (published 2 May 2018) shows that during 2017, Scotland’s net trade position improved, driven by a net-trade surplus with the Rest of the World. The net-trade surplus with the Rest of the World was driven by an increase in international exports. This has been supported by both the relatively lower value of Sterling, which has been a feature since the EU Referendum, and stronger growth in the global economy.