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Based on market exchange rates, the United Kingdom is the fifth-largest economy in the world and the second-largest in Europe. It is a member of the EU and the WTO. The kingdom is the world’s ninth-largest exporter and the fifth-largest importer. All exporters should be interested in learning more about how to export from the US to the United Kingdom.
The service sector contributes roughly 78 percent of the kingdom’s GDP; the financial services industry is particularly important, and London, the capital, is the world’s largest financial center, along with New York. In 2013, the United Kingdom was the leading country in Europe for inward foreign direct investment, at $26.51 billion USD.
The kingdom’s primary imports are petroleum products, cars, pharmaceuticals, and computers, and the US is among its top-five trading partners. This vast market should be of great interest to all exporters and entrepreneurs. Learn more about how to export from the US to the United Kingdom.