Posted: 13 Dec 2024 Resource Type: Research Report Download Back The UK remained the largest net exporter of financial services globally in 2023. The trade surplus reached £92.2bn a substantial rise of £11.3bn from 2022. It was largely propelled by growth in exports to the US which saw an increase of £5.7bn, the largest absolute increase to any one country. £92.2bn trade surplus in 2023 UK exports of financial services grew for the 4th year running, reaching a record high of £120.3bn in 2023. The increase of £16.8bn was driven by both financial services and insurance. The new analysis comes as The City of London Corporation has urged the Government to ensure the financial services strategy prioritises services trade, preserves the UK’s open and global nature and promotes its offer abroad. Financial services trade is a key driver of UK economic growth. As such, it is critical to address any barriers to trade, and to ensure the UK remains open to investment from around the world. Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece Baku to Belém: Reflections from Net Zero Delivery Summit 2025 Jul 2025 - The Net Zero Delivery Summit marks the crucial halfway point between climate COPs. The message of the day was a celebration of action, and championed the central role of finance in the path to net zero. Baku to Belém: Reflections from Net Zero Delivery Summit 2025 Research Report The City of London Corporation's work in support of financial and professional services: annual review 2024/2025 Jul 2025 - Explore the progress we’ve made in championing the UK’s financial and professional services industry in 2024/2025. The City of London Corporation's work in support of financial and professional services: annual review 2024/2025 News Employer Pension Pledge Jul 2025 - The Employer Pension Pledge aims to enhance the value of pensions by promoting a focus on value for money rather than just cost when selecting pension providers Employer Pension Pledge Research Report The future of financial and professional services investment in the UK Jul 2025 - A proposition for the creation of a financial services Investment Hub, a single national platform to streamline investor engagement and unlock billions in capital for growth. The future of financial and professional services investment in the UK