US-UK trade deal: What does the US trade with the UK?

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Trade deals have become a paramount concern of the current Government, which is now trying to renege on parts of the Withdrawal Agreement ahead of a potential no-deal Brexit. Should officials prove unable to come to new agreements before early next year, the country would end up without EU support, leaving the US as a potentially valuable and lucrative ally. But leading US politicians said they would disavow the Government in the case it breached international law.

What does the US trade with the UK?

The UK is one of the United States’ most valuable trade partners.

According to the Office of the United States Trade Representative, the country ranked as the fifth-largest export market in 2018.

Goods exports in the same year came in at a staggering $66.3 billion (£51.7 billion).

The most common export categories for the US and UK include:

  • Aircraft
  • Precious metal and stone (gold)
  • Machinery
  • Mineral fuels
  • Electrical machinery

The US also exports agricultural goods and services to the UK, including wine and beer, tree nuts, prepared food, live animals and soybeans.

The country exports financial, travel and intellectual property services, according to the USTR.

The US also imports from the UK, and this side of the relationship was worth $60.8 billion (£47.4 billion) as of 2018.

These figures made the UK the seventh-largest supplier of imports in the same year.

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Top import categories included:

  • Vehicles
  • Machinery
  • Special other (returns)
  • Pharmaceuticals
  • Mineral fuels

The USTR showed an American fondness for several British food items, including agricultural products such as snack foods, red meat, wine and beer.

Service imports included much the same, with financial, travel and transport most favoured in the “special” relationship.

The UK may forfeit a new trade agreement with the US following Brexit if it breaches the Good Friday Agreement, however, according to speaker of the House of Representatives Nancy Pelosi.

In a statement, she said there was “no chance” one would make it through Congress should the Government pursue its current plans.

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