United Kingdom


The United Kingdom is situated off the northwest coast of Europe (4). It is made up of four nations: England, Wales, Scotland, and Northern Ireland (5). The United Kingdom is a constitutional monarchy with parliamentary government (5). Elizabeth II reign since February 6, 1952 (4).

The United Kingdom, a leading trading power and financial center, is the second largest economy in Europe and the fourth in the world (1;4). Its natural resources include coal, petroleum, natural gas, iron ore, lead, zinc, gold, tin, limestone, salt, clay, chalk, gypsum, potash, silica sand, slate, arable land (1).

United Kingdom economy is structured as followed (in % of GDP): services 79.2%, industry 20.2% and agriculture 0.7% (2017) (11). Its agriculture products include cereals, oilseed, potatoes, vegetables, wheat, barley, oats, sugar beets, cattle, sheep, poultry, and fish (2;3).

United Kingdom’s industries include Industries:  machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, and other consumer goods, tourism (3).

United Kingdom’s top exports commodities machinery including computers, vehicles, gems, precious metals, mineral fuels including oil, pharmaceuticals, electrical machinery, equipment, aircraft, spacecraft, optical, technical, medical apparatus, plastics, plastic articles, organic chemicals (12). Its top imports commodities include machinery including computers, vehicles, electrical machinery, equipment, mineral fuels including oil, gems, precious metals, pharmaceuticals, plastics, plastic articles, optical, technical, medical apparatus, articles of iron or steel, furniture, bedding, lighting, signs, prefab buildings (13).

United Kingdom’s main ports and terminals are Dover, Felixstowe, Immingham, Liverpool, London, Southampton, Teesport, Forth Ports, and Milford Haven (1).

Trade Statistics
United Kingdom was the United-States’ 7th largest goods trading partner during 2017 (14). It was the United States' 5th largest goods export partner and 7th largest goods import partner (6). And United-States was United Kingdom’s main export partner in 2017 (15). Florida’s top exports to United Kingdom include: Civilian Aircraft, Engines, Fuel Wood In Logs, Optical Fibers, Metals, Motor Cars & Vehicles For Transporting Persons, Paintings, Drawings. Florida’s top imports from United Kingdom include: Oil (not crude) from Petrol, Ethyl Alcohol, Spirit beverage, Paintings, Drawings by hand As Art, Perfumes and Toilet waters (8). United Kingdom has the first-largest number of foreign-owned businesses (77) in Tampa Bay (9;10). United Kingdom owns about 16% of the Tampa Foreign Owned Companies.

Trade Numbers

  • U.S. goods imports from United Kingdom totaled $60.8 billion in 2018, up 14.6% ($7.8 billion) from 2017, (16)

  • U.S. goods exports to United Kingdom in 2018 were $66.2 billion, up 17.7% ($10.0 billion) from 2017 (16)

  • U.S. goods and services trade with United Kingdom totaled an estimated $262.3 billion in 2018 (16)

  • The U.S. goods trade surplus with United Kingdom was $5.4 billion in 2018, a 69.4% increase ($2.2 billion) over 2017 (16)

  • The United States has a services trade surplus of an estimated $14 billion with United Kingdom in 2018, up 14.0% from 2017 (16)

Export Companies
United Kingdom owns 77 companies in Tampa Bay (10).

Keir Magoulas