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United Kingdom-USA Bilateral Trade Analysis 2023

Complete trade statistics: $139.03B total volume •United Kingdom deficit: $10.34B

United Kingdom → USA

$64.34B

Exports (2023)

USA → United Kingdom

$74.68B

Imports (2023)

Trade Balance

$10.34B

Deficit for United Kingdom

Total Trade

$139.03B

Combined Volume

Trade Flow Visualization

Direct trade relationship between United Kingdom and USA. Green line shows exports from United Kingdom, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-USA commercial relationship and competitive positioning in global markets.

United Kingdom → USA Exports

$64.34B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

5.9% top product

1Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

$3.78B

5.9% of exports

2Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc

$3.39B

5.3% of exports

3Turbo-jets: of a thrust exceeding 25kN

$2.50B

3.9% of exports

4Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale

$2.28B

3.5% of exports

5Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803

$2.14B

3.3% of exports

6Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils

$2.07B

3.2% of exports

7Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power

$1.96B

3.0% of exports

8Turbines: parts of turbo-jets and turbo-propellers

$1.83B

2.8% of exports

9Whiskies

$1.35B

2.1% of exports

10Metals: gold, semi-manufactured

$1.22B

1.9% of exports

🎯 Strategic Export Focus

United Kingdom's export portfolio to USA demonstrates strong diversification across multiple sectors, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.

USA → United Kingdom Imports

$74.68B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

12.5% concentration

1Oils: petroleum oils and oils obtained from bituminous minerals, crude

$9.35B

12.5% of imports

2Metals: gold, semi-manufactured

$5.42B

7.3% of imports

3Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas

$3.67B

4.9% of imports

4Turbines: parts of turbo-jets and turbo-propellers

$3.39B

4.5% of imports

5Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils

$3.08B

4.1% of imports

6Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg

$2.88B

3.9% of imports

7Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale

$2.76B

3.7% of imports

8Metals: gold, non-monetary, unwrought (but not powder)

$2.45B

3.3% of imports

9Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803

$1.67B

2.2% of imports

10Wood: for fuel, sawdust and wood waste and scrap, agglomerated in logs, briquettes, pellets or similar forms: wood pellets

$1.10B

1.5% of imports

📦 Import Strategy Analysis

United Kingdom's import pattern from USA reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

United Kingdom demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to USA, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced

📈

Growth Potential

The $139.03B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: United Kingdom-USA Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $139.03 billionrepresenting a significant bilateral economic relationship
Trade Balance: United Kingdom maintains a deficit of $10.34 billion
Export Focus: United Kingdom's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc, turbo-jets: of a thrust exceeding 25kn
Import Dependencies: Key imports from USA include oils: petroleum oils and oils obtained from bituminous minerals, crude, metals: gold, semi-manufactured, petroleum gases and other gaseous hydrocarbons: liquefied, natural gas

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $139.03B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with United Kingdom leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

Comparative Advantage

United Kingdom's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements USA's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $139.03B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyModerate

🔮

Trade Relationship Outlook

The $139.03B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $139.03 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Critical

🏭

Industrial Integration

Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

United Kingdom's trade deficit of $10.34 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc present expansion opportunities.

Market Diversification

Beyond current focus on oils: petroleum oils and oils obtained from bituminous minerals, crude, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

Moderate concentration in key sectors requires monitoring

Market Competition

Global competition in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale may affect future market positioning.

🎯Strategic Recommendations

Strengthen cooperation in high-value sectors beyond current trade patterns
Develop alternative supply chains to reduce dependency risks
Explore joint ventures in emerging technology sectors
Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between United Kingdom and USA represents a total trade volume of $139.03 billion in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $10.34 billion.

Export Strengths

United Kingdom's exports to USA total $64.34 billion, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $3.78B or5.9% of bilateral exports.

Import Dependencies

Imports from USA amount to $74.68 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising12.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom's strategic sourcing from USA. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023