Research Report

Providing financial services to the world

Posted: 18 Nov 2021

Resource Type: Research Report

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Exports from UK financial services firms amounted to £82.4bn in 2020 and generated £63.7bn of trade surplus, according to new data published in the ONS Pink Book. This marks an increase of £1.6bn – up from £62.1bn in 2019 – despite the backdrop of a challenging year.  

£63.7bn trade surplus in 2020
Financial services trade continues to be a major driver of the UK economy and is by far the largest trade surplus of any other UK service industry.

Exporting over four times the worth of financial services than it imported, UK financial services accounted for almost 50% of the UK’s entire services trade surplus.

The UK’s success as an international financial centre depends on remaining open to trade and investment from around the world.

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