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United Kingdom

U.S. goods and services trade with United Kingdom totaled an estimated $262.3 billion in 2018. Exports were $141.1 billion; imports were $121.2 billion. The U.S. goods and services trade surplus with United Kingdom was $19.9 billion in 2018.

United Kingdom is currently our 7th largest goods trading partner with $127.0 billion in total (two way) goods trade during 2018. Goods exports totaled $66.2 billion; goods imports totaled $60.8 billion. The U.S. goods trade surplus with United Kingdom was $5.4 billion in 2018.

Trade in services with United Kingdom (exports and imports) totaled an estimated $135.3 billion in 2018. Services exports were $74.9 billion; services imports were $60.4 billion. The U.S. services trade surplus with United Kingdom was $14.5 billion in 2018.

According to the Department of Commerce, U.S. exports of Goods and Services to United Kingdom supported an estimated 665 thousand jobs in 2015 (latest data available) (238 thousand supported by goods exports and 427 thousand supported by services exports).

Exports

  • United Kingdom was the United States' 5th largest goods export market in 2018.
     
  • U.S. goods exports to United Kingdom in 2018 were $66.2 billion, up 17.7% ($10.0 billion) from 2017 and up 23.6% from 2008.  U.S. exports to United Kingdom account for 4.0% of overall U.S. exports in 2018.
     
  • The top export categories (2-digit HS) in 2018 were: aircraft ($12 billion), precious metal and stone (gold) ($8.5 billion), machinery ($6.7 billion), mineral fuels ($6.3 billion), and electrical machinery ($4.5 billion).
     
  • U.S. total exports of agricultural products to United Kingdom totaled $2.0 billion in 2018. Leading domestic export categories include: wine & beer ($261 million), tree nuts ($197 million), prepared food ($168 million), soybeans ($109 million), and live animals ($90 million).
     
  • U.S. exports of services to United Kingdom were an estimated $74.9 billion in 2018, 7.6% ($5.3 billion) more than 2017, and 24.9% greater than 2008 levels. Leading services exports from the U.S. to United Kingdom were in the financial services, travel, and intellectual property (industrial processes) sectors.

Imports

  • United Kingdom was the United States' 7th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from United Kingdom totaled $60.8 billion in 2018, up 14.6% ($7.8 billion) from 2017, and up 3.8% from 2008.  U.S. imports from United Kingdom account for 2.4% of overall U.S. imports in 2018.
     
  • The top import categories (2-digit HS) in 2018 were: vehicles ($11 billion), machinery ($9.3 billion), special other (returns) ($5.3 billion), pharmaceuticals ($5.0 billion), and mineral fuels ($4.3 billion).
     
  • U.S. total imports of agricultural products from United Kingdom totaled $824 million in 2018. Leading categories include: snack foods ($119 million), cheese ($60 million), wine and beer ($53 million), red meats, fr/ch/fr ($51 million), and live animals ($47 million).
     
  • U.S. imports of services from United Kingdom were an estimated $60.4 billion in 2018, 6.1% ($3.5 billion) more than 2017, and 33.5% greater than 2008 levels. Leading services imports from United Kingdom to the U.S. were in the travel, financial services, and transport sectors.

Trade Balance

  • The U.S. goods trade surplus with United Kingdom was $5.4 billion in 2018, a 69.4% increase ($2.2 billion) over 2017.
     
  • The United States has a services trade surplus of an estimated $14 billion with United Kingdom in 2018, up 14.0% from 2017.

Investment 

  • U.S. foreign direct investment (FDI) in United Kingdom (stock) was $747.6 billion in 2017 (latest data available), a 9.0% increase from 2016. U.S. direct investment in United Kingdom is led by nonbank holding companies, finance and insurance, and manufacturing.
     
  • United Kingdom's FDI in the United States (stock) was $540.9 billion in 2017 (latest data available), up 1.1% from 2016. United Kingdom's direct investment in the U.S. is led by manufacturing, finance and insurance, and information services.
     
  • Sales of services in United Kingdom by majority U.S.-owned affiliates were $232.1 billion in 2016 (latest data available), while sales of services in the United States by majority United Kingdom-owned firms were $143.3 billion.