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 Investing for the long term: boosting returns for pension savers Oct 2023 - UK pension savers are locked out of benefitting from the growth of firms in some of the UK’s most vibrant industries. At the same time, these dynamic, growing firms can have trouble accessing the capital they need to grow domestically. Investing for the long term: boosting returns for pension savers Thought Piece Synthetic data solutions: the regulator's progressive mission for combating APP fraud Sep 2023 - Synthetic data-sets provide a ground-breaking tool to help firms test and scale innovative solutions to combat fraud. The FCA and the City of London are delivering a synthetic data-set, focused on Automated Push Payment (APP) fraud solutions, to be hosted on the FCA’s permanent sandbox. Synthetic data solutions: the regulator's progressive mission for combating APP fraud Case Study Carbon Clean │ delivering industrial decarbonisation Sep 2023 - We spoke to Iain Tobin, Chief Corporate Officer at Carbon Clean, about the growing role carbon capture will play in combatting climate change. Carbon Clean │ delivering industrial decarbonisation Case Study Managed Funds Association ⏐ supporting alternative asset managers around the globe Sep 2023 - We spoke to Jillien Flores, Head of Global Government Affairs at the Managed Funds Association about growing demand for alternative investments and the UK's role there. Managed Funds Association ⏐ supporting alternative asset managers around the globe