Research Report

Exporting financial services to the world

Posted: 13 Dec 2024

Resource Type: Research Report

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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. 

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