UK-Alaska 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 Alaska’s economy and supports hundreds of jobs in the state.
Alaska jobs supported by UK companies
3,800 Alaskans employed by UK subsidiaries in 2018
840 jobs are supported by exports from Alaska to the UK worth $127 million in 2019.
Value of exports to the UK from Alaska
The UK was the 11th largest export market for Alaska in 2019
Total value of Alaska goods exports to the UK $18 million
Total value of Alaska services exports to the UK $109 million
Top exports from Alaska to the UK 2019
| Top Alaska goods exports to the UK | US$ |
|---|---|
| Marine products | $14 million |
| Engines and turbines | $1.5 million |
| Aerospace products and parts | $1.2 million |
| Communications and service industry machinery | $410,000 |
| Metalworking machinery | $238,000 |
| Top Alaska services exports to the UK | US$ |
|---|---|
| Passenger fares | $32 million |
| Personal travel and tourism | $28 million |
| Equipment installation, maintenance and repair | $7.3 million |
| Air freight and port services | $6.5 million |
| Architectural, engineering and other tech services | $5.7 million |
Trends in exports from Alaska to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 29,175,161 | 80,468,922 |
| 2011 | 17,826,801 | 80,898,212 |
| 2012 | 24,113,234 | 78,429,392 |
| 2013 | 27,941,647 | 85,992,898 |
| 2014 | 40,186,461 | 98,000,172 |
| 2015 | 36,592,646 | 112,630,957 |
| 2016 | 23,586,643 | 102,253,903 |
| 2017 | 22,703,647 | 97,169,579 |
| 2018 | 21,113,296 | 109,789,495 |
| 2019 | 18,119,195 | 108,688,788 |
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.