EXPORTS & IMPORTS
TRADE BALANCE HISTORICAL

According to the Quarterly National Accounts for Scotland released in February 2017, Scotland's Onshore economy in 2015 exported £71,866m and imported £83,008m. This results in an onshore trade deficit of £11,412m.

Net Oil and Gas exports were £12,120m, resulting in a total trade surplus of £2,052m.

According to the Export Statistics for Scotland Report released in February 2017, Scotland's Onshore economy in 2015 exported £78,570m.
Scotland Balance of Trade Historical (£m)
Year Exports Imports Balance Oil & Gas Net Balance inc Oil & Gas
1999 41,685 -47,130 -5,445 10,677 5,232
2000 44,514 -51,518 -7,004 15,731 8,727
2001 44,726 -51,051 -6,325 14,930 8,605
2002 45,484 -52,914 -7,430 15,060 7,630
2003 48,531 -55,583 -7,052 14,872 7,820
2004 51,085 -58,495 -7,410 14,882 7,472
2005 51,987 -61,249 -9,262 18,109 8,847
2006 54,217 -64,235 -10,018 21,232 11,214
2007 58,670 -69,428 -10,758 19,879 9,121
2008 62,015 -71,491 -9,476 27,823 18,347
2009 63,192 -70,868 -7,676 18,104 10,428
2010 62,229 -71,787 -9,558 23,088 13,530
2011 65,527 -74,047 -8,520 22,410 13,890
2012 65,602 -74,534 -8,932 18,542 9,610
2013 71,691 -81,155 -9,464 18,347 8,883
2014 72,698 -81,186 -8,488 15,291 6,803
2015 71,740 -81,808 -10,068 12,120 2,052

REFERENCES & FOOTNOTES
REAL TERMS CALCULATIONS

The Real Terms calculations above are carried out using the HMT's deflator tables. There are a number of methods for measuring inflation, however when discussing public revenue and expenditure, typically the HMT's GDP deflator is used to calculate the real terms equivalent. We have provided an easy to use Calculator for your convenience here.