UK-Virginia 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 Virginia’s economy and supports thousands of jobs in the state.
Virginia jobs supported by UK companies
41,200 Virginians employed by UK subsidiaries in 2018
16,740 jobs are supported by exports from Virginia to the UK worth $2.8 billion in 2019.
Value of exports to the UK from Virginia
The UK was the 2nd largest export market for Virginia in 2019
Total value of Virginia goods exports to the UK $934 million
Total value of Virginia services exports to the UK $1.9 billion
Top exports from Virginia to the UK 2019
| Top Virginia goods exports to the UK | US$ |
|---|---|
| Aerospace products and parts | $378 million |
| Resins and synthetic fibers | $77 million |
| Coal and petroleum gases | $75 million |
| Plastics products | $47 million |
| Pharmaceuticals and medicines | $30 million |
| Top Virginia services exports to the UK | US$ |
|---|---|
| Business management and consulting services | $458 million |
| Computer software services | $225 million |
| Credit-related services | $194 million |
| Personal travel and tourism | $171 million |
| Air freight and port services | $170 million |
Trends in exports from Virginia to the UK 2010 to 2019
| Year | Goods exports to the UK (in $) | Services exports to the UK (in $) |
|---|---|---|
| 2010 | 989,962,967 | 1,504,769,249 |
| 2011 | 1,037,723,766 | 1,622,495,978 |
| 2012 | 1,033,981,878 | 1,628,398,142 |
| 2013 | 887,964,509 | 1,582,081,688 |
| 2014 | 927,165,042 | 1,612,467,974 |
| 2015 | 873,924,855 | 1,705,019,734 |
| 2016 | 856,172,246 | 1,766,307,855 |
| 2017 | 882,279,555 | 1,764,199,809 |
| 2018 | 1,034,889,662 | 1,921,650,305 |
| 2019 | 934,174,363 | 1,915,159,937 |
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.