UK-Minnesota 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. The relationship plays a pivotal role in Minnesota’s economy and supports thousands of jobs in the state.
Minnesota jobs supported by UK companies
21,200 Minnesotans employed by UK subsidiaries in 2018
9,870 jobs are supported by exports from Minnesota to the UK worth $1.7 billion in 2019.
Value of exports to the UK from Minnesota
The UK was the 5th largest export market for Minnesota in 2019
Total value of Minnesota goods exports to the UK $555 million
Total value of Minnesota services exports to the UK $1.2 billion
Top exports from Minnesota to the UK 2019
| Top Minnesota goods exports to the UK | US$ |
|---|---|
| Navigational and measurement instruments | $83 million |
| Pharmaceuticals and medicines | $58 million |
| Miscellaneous general purpose machinery | $39 million |
| Aerospace products and parts | $37 million |
| Semiconductors and components | $30 million |
| Top Minnesota services exports to the UK | US$ |
|---|---|
| Business management and consulting services | $180 million |
| Miscellaneous financial services | $165 million |
| Personal travel and tourism | $113 million |
| Passenger fares | $88 million |
| Bank lending-related services | $86 million |
Trends in exports from Minnesota to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 588,130,182 | 758,736,757 |
| 2011 | 553,383,641 | 813,866,687 |
| 2012 | 517,599,229 | 804,836,280 |
| 2013 | 530,222,448 | 841,128,594 |
| 2014 | 531,649,289 | 900,147,811 |
| 2015 | 517,093,326 | 982,576,068 |
| 2016 | 565,939,645 | 1,057,973,629 |
| 2017 | 580,151,855 | 1,143,064,347 |
| 2018 | 621,545,097 | 1,217,186,585 |
| 2019 | 555,191,032 | 1,189,998,374 |
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