Lord Kilclooney – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Kilclooney on 2016-04-25.

To ask Her Majesty’s Government what is the value of (1) UK exports to the US, and (2) imports from the US to the UK, for the most recent years for which figures are available; and whether this trade was based on any trade agreement with the US.

Lord Price

In 2015 UK exports of goods and services to the US were £ 95.1 billion and UK imports from the US were £ 59.7 billion.

There is no bilateral trade agreement with the US. Both the EU and US are members of the World Trade Organisation (WTO). There are no estimates of the impact that their membership of the WTO and its trade agreements such as the Information Technology Agreement has had on UK-US trade.