UK-Iowa trade and investment highlights
Updated 25 June 2021
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The US and UK have a strong trade relationship worth more than $260 billion a year, and a total of $1 trillion invested in each other’s economies. This relationship plays a pivotal role in Iowa’s economy and supports thousands of jobs in the state.
Iowa jobs supported by UK companies
7,200 Iowans employed by UK subsidiaries in 2018
4,060 jobs are supported by exports from Iowa to the UK worth $760 million in 2019.
Value of exports to the UK from Iowa
The UK was the 5th largest export market for Iowa in 2019
Total value of Iowa goods exports to the UK $326 million
Total value of Iowa services exports to the UK $434 million
Top exports from Iowa to the UK 2019
| Top Iowa goods exports to the UK | US$ |
|---|---|
| Metal ores | $113 million |
| Agriculture and construction machinery | $50 million |
| Aerospace products and parts | $33 million |
| Oilseeds and grains | $13 million |
| Miscellaneous general purpose machinery | $11 million |
| Top Iowa services exports to the UK | US$ |
|---|---|
| Insurance services | $118 million |
| Miscellaneous financial services | $83 million |
| Bank lending-related services | $42 million |
| Equipment installation and maintenance | $39 million |
| Personal travel and tourism | $38 million |
Trends in exports from Iowa to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 364,326,454 | 249,513,740 |
| 2011 | 372,799,583 | 275,738,503 |
| 2012 | 384,395,903 | 309,038,243 |
| 2013 | 299,735,205 | 323,370,346 |
| 2014 | 394,540,534 | 347,234,705 |
| 2015 | 296,629,358 | 376,017,309 |
| 2016 | 246,307,229 | 390,554,663 |
| 2017 | 328,285,253 | 438,298,445 |
| 2018 | 346,256,519 | 474,680,343 |
| 2019 | 325,855,036 | 433,931,914 |
Find out more about investing in, and trading with the UK.
Sources
Goods, jobs and services estimates prepared by The Trade Partnership and derived from U.S. government and private industry data.
Companies trading with the UK from US Census, “A Profile of U.S. Importing and Exporting Companies, 2017-2018.”
Estimate of employment by UK subsidiaries from Bureau of Economic Analysis, Foreign Direct Investment in the United States database.