UK-Massachusetts 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 Massachusetts’ economy and supports thousands of jobs in the state.
Massachusetts jobs supported by UK companies
41,900 Bay Staters employed by UK subsidiaries in 2018
27,540 jobs are supported by exports from Massachusetts to the UK worth $5.5 billion in 2019.
Value of exports to the UK from Massachusetts
The UK was the 1st largest export market for Massachusetts in 2019
Total value of Massachusetts goods exports to the UK $2.7 billion
Total value of Massachusetts services exports to the UK $2.8 billion
Top exports from Massachusetts to the UK 2019
| Top Massachusetts goods exports to the UK | US$ |
|---|---|
| Nonferrous metal products | $1.8 billion |
| Navigational and measurement instruments | $174 million |
| Pharmaceuticals and medicines | $118 million |
| Miscellaneous general purpose machinery | $82 million |
| Medical equipment and supplies | $57 million |
| Top Massachusetts services exports to the UK | US$ |
|---|---|
| Financial management and advisory services | $496 million |
| Business management and consulting services | $342 million |
| Personal travel & tourism | $284 million |
| Miscellaneous financial services | $243 million |
| Software distribution royalties | $146 million |
Trends in exports from Massachusetts to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 3,190,588,640 | 2,159,444,458 |
| 2011 | 3,273,022,476 | 2,209,044,144 |
| 2012 | 2,572,506,045 | 2,235,225,396 |
| 2013 | 1,377,125,264 | 2,184,236,109 |
| 2014 | 2,326,925,631 | 2,353,215,530 |
| 2015 | 1,152,545,582 | 2,706,541,625 |
| 2016 | 1,557,670,273 | 2,521,470,410 |
| 2017 | 2,098,484,078 | 2,704,046,895 |
| 2018 | 1,028,899,149 | 2,924,872,270 |
| 2019 | 2,715,551,916 | 2,795,929,762 |
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.