United Kingdom
On this page you will find beneficial information regarding foreign direct investment in / trading with United Kingdom. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Monarchy and a Commonwealth Realm
Population: 66.97 million (2022)
GDP: 3.089 trillion USD (2022)
Corporate Tax Rate: 19%
Personal Income Tax Rate: 45%
Major Exports: The top exports of United Kingdom are Gold ($32.1B), Cars ($29.4B), Gas Turbines ($29.2B), Crude Petroleum ($26.3B), and Packaged Medicaments ($20.3B), exporting mostly to United States ($61.8B), Netherlands ($41.9B), Germany ($40.6B), China ($35.4B), and Ireland ($32.6B). In 2022, United Kingdom was the world's biggest exporter of Hard Liquor ($9.58B), Horses ($643M), Collector's Items ($452M), Scrap Nickel ($218M), and Scrap Lead ($89.3M).
Major Imports: The top imports of United Kingdom are Petroleum Gas ($57B), Cars ($40.3B), Crude Petroleum ($38.7B), Gold ($38.7B), and Refined Petroleum ($24.9B), importing mostly from China ($92.5B), Germany ($76.2B), United States ($75.4B), Norway ($59.1B), and Netherlands ($38.2B). In 2022, United Kingdom was the world's biggest importer of Preserved Meat ($858M), Tissue ($561M), Asphalt Mixtures ($388M), Ceramic Bricks ($308M), and Other Vegetable Residues and Waste ($158M).
Investment Agency: Department for International Trade
Website: https://www.gov.uk/government/organisations/department-for-international-trade
National Chamber of Commerce: British Chambers of Commerce
Website: https://www.britishchambers.org.uk/
Customs Agency: HM Revenue & Customs (HMRC)
Website: https://www.gov.uk/government/organisations/hm-revenue-customs
