Inward investment has been credited as one of the reasons for the industry's growth, with investment of £2 billion committed over the next few years by producers.
Gavin Hewitt, chief executive of the SWA, said: "This new research is further evidence of the key role Scotch whisky plays in the Scottish economy.
"The demand for Scotch whisky is coming increasingly from the world's fastest growing markets. In comparison with other Scottish industries, Scotch whisky already enjoys an enviable export position across a wide spread of emerging economies."
He added: "The report shows Scotch whisky is likely to play an increasingly important role in Scotland's export markets.
"The momentum of growth needs to be better nurtured by both the UK and Scottish Governments. Scotch whisky underpins their ambitions for export-led recovery."