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Pricing

2022
Flag → Flag
Exports $61.8BRnk 1 / 224
2022
Flag → Flag
Top Product $6.77BCars
2022
Flag → Flag
Exports $75.4BRnk 5 / 219
2022
Flag → Flag
Top Product $11.4BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

United Kingdom-United States Trade: In 2022, United Kingdom exported $61.8B to United States. The main products that United Kingdom exported to United States were Cars ($6.77B), Packaged Medicaments ($3.66B), and Gas Turbines ($3.65B). Over the past 5 years the exports of United Kingdom to United States have increased at an annualized rate of 2.76%, from $54B in 2017 to $61.8B in 2022.

In 2019, United Kingdom exported services to United States worth $92.3B, with Other business services ($42.8B), Financial services ($16.8B), and Insurance services ($10.5B) being the largest in terms of value.

United States-United Kingdom Trade: In 2022, United States exported $75.4B to United Kingdom. The main products that United States exported to United Kingdom were Crude Petroleum ($11.4B), Petroleum Gas ($9.51B), and Gold ($7.07B). Over the past 5 years the exports of United States to United Kingdom have increased at an annualized rate of 9.57%,  from $47.7B in 2017 to $75.4B in 2022.

In 2017, United States exported services to United Kingdom worth $162B, with Financial services ($106B), Other business services ($17B), and Travel ($11.8B) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

June, 2024

About

Overview In June 2024, United Kingdom exported £4.88B and imported £5.26B from United States, resulting in a negative trade balance of £386M. Between June 2023 and June 2024 the exports of United Kingdom have decreased by £-50.6M (-1.03%) from £4.93B to £4.88B, while imports increased by £1.13B (27.4%) from £4.13B to £5.26B.

Trade In June 2024, the top exports of United Kingdom to United States were Nitrogen Heterocyclic Compounds (£430M), Cars (£344M), Gas Turbines (£267M), Packaged Medicaments (£199M), and Refined Petroleum (£153M). In June 2024 the top imports of United Kingdom from United States were Petroleum Gas (£1.78B), Crude Petroleum (£1.22B), Gold (£652M), Nitrogen Heterocyclic Compounds (£632M), and Gas Turbines (£477M).

Origins In June 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£1.84B), Southampton (£983M), Liverpool (£536M), London Stansted Airport (£319M), and London Gateway (£307M), while imports destinations were mainly London Heathrow Airport (£1.97B), Southampton (£592M), London Stansted Airport (£448M), Liverpool (£397M), and East Midlands Airport (£232M).

Growth In June 2024, the decrease in United Kingdom's year-by-year exports to United States was explained primarily by an decrease in product exports in Gold (£-65.3M or -98.2%), Collector's Items (£-34.8M or -80.4%), and Refined Petroleum (£-34.8M or -18.5%). In June 2024, the increase in United Kingdom's year-by-year imports  from United States was explained primarily by an increase in product imports  in Nitrogen Heterocyclic Compounds (£624M or 7.39k%), Crude Petroleum (£580M or 91.3%), and Planes, Helicopters, and/or Spacecraft (£316M or 32.8k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£-50.6M(-1.03%)
IMPORT GROWTH (June 2023 - June 2024)£1.13B(27.4%)
MAIN EXPORTER (June 2024)London Heathrow Airport£1.84B

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check United States and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $61.8B to United States. The main products exported from United Kingdom to United States were Cars ($6.77B), Packaged Medicaments ($3.66B), and Gas Turbines ($3.65B). During the last 5 years the exports of United Kingdom to United States have increased at an annualized rate of 2.76%, from $54B in 2017 to $61.8B in 2022.

In 2017, United States exported $75.4B to United Kingdom. The main products exported from United States to United Kingdom were Crude Petroleum ($11.4B), Petroleum Gas ($9.51B), and Gold ($7.07B). During the last 5 years the exports of United States to United Kingdom have increased at an annualized rate of 9.57%, from $47.7B in 2022 to $75.4B in 2017.

Exports from United Kingdom (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
United States
Top DestinationCanada$308B

This map shows whether countries import more from United Kingdom or United States. Each country is colored based on the difference in imports they receive from United Kingdom and United States or the difference in the growth in imports.

In 2022, countries that imported more from United Kingdom than United States included Ireland ($32.6B), North Macedonia ($2.03B), and Slovakia ($1.41B).

In 2022, countries that imported more from United States than United Kingdom included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - United States

Flow
Scale

This chart compares trade between United Kingdom and United States by product, considering products traded by both, United Kingdom and United States.

During 2022, United Kingdom had a large net trade with United States in the exports of Machines ($15.2B), Transportation ($11.1B), and Chemical Products ($11B).

During 2017, United States had a large net trade with United Kingdom in the exports of Mineral Products ($24B), Machines ($13B), and Precious Metals ($9.97B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom United States+$1.39BCars
Top Product Potential United States United Kingdom+$1.17BRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and United States. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and United States (Flag) (2022)

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