Why exporting's important
Countries that export have stronger economies.
Exporting helps Scotland’s economy to grow and creates jobs. It helps the Scottish Government collect more tax to:
- improve living standards
- improve public services
Exporting also helps Scotland build good relationships with other countries. This can help Scotland to have a positive influence on the world.
How exporting helps businesses
Exporting helps businesses to grow because it:
- leads them to create new products and services
- makes them more productive
- gives them more customers to sell to
New products and services
Exporting can mean that businesses have more competitors.
But this can be a positive thing and can lead them to develop new products and services.
Businesses that export tend to spend more money on research and development. This helps them to develop new products and services to sell.
Exporting helps businesses to become more productive. This means they produce more with the same amount of resources.
The Office of National Statistics and Department for Business, Energy and Industrial Strategy say:
- businesses that export make up 60% of the UK’s annual increase in productivity
- the 3% of businesses in Scotland that export are on average 70% more productive than businesses that do not
More customers to sell to
Exporting also means businesses do not have to rely on a particular set of customers. This helps businesses to spread any risks.
For example, if sales drop in one market, the risk to their business might be less if they have other markets they sell to.
Scotland’s export growth plan
Because exporting is important to Scotland and its businesses, the Scottish Government has created an export growth plan. This plan is called A Trading Nation.