Utah, Delaware lead state exports to the United Kingdom
In 2015, the U.S. exported over $56 billion in merchandise to the United Kingdom. That represents nearly 4 percent of all U.S. exports and makes the U.K. the fifth largest export market for the U.S. After hitting a 10 year low in 2013, exports have been on the rise to the U.K. for the past two years. However, those gains could be in jeopardy following the U.K.’s recent vote to leave the European Union, also known as “Brexit”. On a state-by-state basis, exports to the U.K. range from less than one percent of total exports in six states (Alaska, Hawaii, Nebraska, New Mexico, North Dakota and South Dakota) to a high of 22.9 percent in Utah and 16.3 percent in Delaware.
International trade is a key ingredient to economic growth and success: exports and imports support more than 1 in 5 U.S. jobs and these trade-related jobs grew more than three times faster than total employment from 2004 to 2014. In addition, foreign investment in the U.S. drives job growth, with 5.8 million U.S. workers employed by foreign-owned companies. Nearly one million U.S. workers were employed by companies based in the United Kingdom in 2015.