Posted: 6 Jul 2022 Resource Type: Research Report Download Back Exports from UK professional services amounted to £39.1bn in 2020 and generated £25.5bn of trade surplus. This marked an increase of £3bn from 2019 – up from £22.5bn – despite the backdrop of a challenging year. Professional services continues to be a key contributor to the UK economy, exporting over 3 times the worth of professional services than it imported, and accounting for nearly one-fifth of the entire UK services trade surplus. Combined with financial services, UK financial and professional services generated a joint surplus of £89.2bn in 2020 – just over two-thirds of the entire UK services surplus. At the end of 2020, foreign direct investment (FDI) stock held in UK professional services was valued at £65.1bn – a 49% increase since 2017. Through sharing and developing our professional services expertise, the UK can continue to build and strengthen trade and investment links across the world. £25.5bn trade surplus in 2020 The UK’s success as an international financial and professional services centre depends on remaining open to trade and investment from around the world. Share: Share to LinkedIn LinkedIn Share to Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Case Study Future Food Solutions | helping farmers and food companies reduce their carbon footprint Mar 2023 - We spoke to Paul Rhodes, director at Future Food Solutions, about how being based in the UK has helped introduce services to major multinational food companies. Future Food Solutions | helping farmers and food companies reduce their carbon footprint Multimedia Investing in future Wales Mar 2023 - The 2nd annual Investing in Future Wales business showcase, hosted by City of London, British Business Bank, the Department for Business & Trade and the Welsh Government Investing in future Wales Case Study Penny | using technology to plan a better retirement Mar 2023 - Penny is an app based company that enables people to track down their lost pension savings and help plan for their retirement. We spoke to them about the company’s growth plans and how changing working patterns are causing more people to lose track of their retirement savings. Penny | using technology to plan a better retirement Case Study Lloyds Banking Group | using CVC to invest for meaningful growth Feb 2023 - We spoke to Kirsty Rutter, Fintech Investment Director at Lloyds Banking Group, about their experience of corporate venture capital in the UK. Lloyds Banking Group | using CVC to invest for meaningful growth