United Kingdom (GBR) and United States (USA) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and United States (USA) Trade

2022

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Exports $61.8BRnk 1 / 224

2022

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About

United Kingdom-United States In 2022, United Kingdom exported $61.8B to United States. The main products that United Kingdom exported to United States are Cars ($6.77B), Packaged Medicaments ($3.66B), and Gas Turbines ($3.65B). During the last 27 years the exports of United Kingdom to United States have increased at an annualized rate of 3.12%, from $27B in 1995 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 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). During the last 27 years the exports of United States to United Kingdom have increased at an annualized rate of 3.55%, from $29.4B in 1995 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 1.38), and 14 in total exports ($469B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £4.06B and imported £5.79B from United States, resulting in a negative trade balance of £1.73B. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-5.9M (-0.15%) from £4.06B to £4.06B, while imports decreased by £-2.36B (-29%) from £8.15B to £5.79B.

Trade In January 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 January 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 January 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£1.34B), Southampton (£766M), Liverpool (£332M), London Stansted Airport (£260M), and London Gateway (£230M), while imports destinations were mainly London Heathrow Airport (£1.72B), Milford (£737M), Southampton (£564M), Liverpool (£480M), and London Stansted Airport (£380M).

Growth In January 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 January 2024, the decrease in United Kingdom's year-by-year imports from United States was explained primarily by an decrease in product imports in Diamonds (£-28.2M or -69.4%), Paintings (£-21.3M or -49.5%), and Inedible Fats and Oils (£-17.4M or -99.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-5.9M(-0.15%)

IMPORT GROWTH (January 2023 - January 2024)£-2.36B(-29%)

MAIN EXPORTER (January 2024)London Heathrow Airport£1.34B

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of United Kingdom to United States have increased at an annualized rate of 3.12%, from $27B in 1995 to $61.8B in 2022.

In 2022, 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 27 years the exports of United States to United Kingdom have increased at an annualized rate of 3.55%, from $29.4B in 1995 to $75.4B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from United Kingdom than United States were Ireland ($32.6B), North Macedonia ($2.03B), and Slovakia ($1.41B).

In 2021, countries that imported more from United States than United Kingdom were Canada ($308B), Mexico ($294B), and China ($151B).

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

Comparative Advantage United Kingdom - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, United States had a large net trade with United Kingdom in the exports of Mineral Products ($24B), Machines ($13B), and Precious Metals ($9.97B).

Service Trade

Bilateral Service Trade

Usa Year

Gbr Year

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.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to United States () (2019)

Services Exports from United States () to United Kingdom () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over United Kingdom.

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

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