Thursday, December 21, 2006
Whisky Fuels Scottish Economy
The 2006 Global Connection Survey prepared for the Scottish Executive shows just how big a hangover the economy of the country would have if Scotch whisky were not so popular around the world. According to the report, food and beverages are the most important trade goods for Scotland, accounting for $7.06 billion or 19.4 percent of the total exports in 2005. Oil and gas are excluded from the survey.
Of the $7.06 billion in food and beverage totals, spirits account for $5.9 billion -- the vast majority being blended and Single Malt Scotch. Overall exports climbed by $1.77 billion last year and the United States remains the leading buyer of Scottish goods. The next largest export sector for Scotland is chemicals, which had $3.5 billion in export sales during the year.