UK-New York trade and investment highlights
Updated 25 June 2021
© Crown copyright 2021
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/uk-new-york-trade-and-investment-highlights/uk-new-york-trade-and-investment-highlights
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 New York’s economy and supports thousands of jobs in the state.
New York jobs supported by UK companies
107,300 New Yorkers employed by UK subsidiaries in 2018
86,280 jobs are supported by exports from New York to the UK worth $15.8 billion in 2019.
Value of exports to the UK from New York
The UK was the 2nd largest export market for New York in 2019
Total value of New York goods exports to the UK $2.9 billion
Total value of New York services exports to the UK $12.9 billion
Top exports from New York to the UK 2019
| Top New York goods exports to the UK | US$ |
|---|---|
| Miscellaneous manufactured commodities | $1 billion |
| Nonferrous metal products | $495 million |
| Pharmaceuticals and medicines | $178 million |
| Soaps, cleaning agents and toiletries | $100 million |
| Medical equipment and supplies | $67 million |
| Top New York services exports to the UK | US$ |
|---|---|
| Miscellaneous financial services | $1.8 billion |
| Financial management and advisory services | $1.6 billion |
| Securities transactions | $1.4 billion |
| Audio/visual services | $1.3 billion |
| Air freight and port services | $982 million |
Trends in exports from New York to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 3,324,030,984 | 9,982,201,380 |
| 2011 | 4,935,704,689 | 10,579,226,529 |
| 2012 | 4,546,989,806 | 10,765,686,105 |
| 2013 | 2,876,330,752 | 10,254,419,135 |
| 2014 | 3,710,559,122 | 11,463,045,839 |
| 2015 | 3,595,522,487 | 11,413,224,944 |
| 2016 | 3,120,206,008 | 11,276,033,970 |
| 2017 | 4,187,381,654 | 12,589,592,533 |
| 2018 | 3,603,482,091 | 13,261,520,515 |
| 2019 | 2,900,985,419 | 12,927,708,559 |
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.