Scotch whisky exports jump in 2019

Scottish whiskey exports jumped to a record high in 2019 amid booming sales in Taiwan and India, offsetting concerns about trade tariffs and uncertainties over Brexit, Reuters reports.

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Scotch whisky exports jump in 2019 © The Strategist

Sales of Scotch whiskey overseas grew by more than 4% to 4.9 billion pounds (6.36 billion dollars) in 2019.

Exports of Scotch whiskey to Taiwan grew last year by 22%, and to India – by 19.7%.

The United States was the most valuable destination for whiskey supplies; US exports rose 2.8% to £ 1.1 billion, despite tariffs for single malt and some liquors introduced in October.

Last year, the United States announced that 25% tariffs on a range of European products, including Scotch whiskey, as a punishment for illegal subsidies for the EU aircraft manufacturer.

The Scotch Whiskey Association said that as a result of this, in the last three months of 2019, exports to the United States decreased by a quarter compared to the previous year.

“Tariffs hit hard by producers, especially small companies,” said Karen Betts, executive director of the Scotch Whiskey Association.

source: reuters.com

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