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 X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report The British American Finance Alliance Apr 2024 - The British American Finance Alliance (BAFA) joins together over twenty groups representing the UK and U.S. financial and related professional services industries. The British American Finance Alliance Case Study Findlay Park | vertical: asset management Apr 2024 - We spoke to Simon Pryke, CEO of Findlay Park, about the growing appeal of boutique investment managers and why London remains a pre-eminent asset management centre for global investors. Findlay Park | vertical: asset management Thought Piece Why should the UK be your first choice for fintech business growth? Apr 2024 - The UK is a global leader in financial technology and innovative solutions. International fintechs wanting to locate or invest here stand to benefit from a one of kind ecosystem for innovation to catalyse their business growth. Why should the UK be your first choice for fintech business growth? Research Report RegTech Test Apr 2024 - This report calls for the Prudential Regulation Authority and Financial Conduct Authority to introduce a ‘RegTech Test’ to help assess how technology can best enable regulatory compliance. RegTech Test