An analysis of London's exports

The main points from Working Paper 91 are as follows:

• In 2015 London exported £131.1 billion of goods and services. This was up from £126.4 billion in 2011. More than three-quarters (77 per cent) of this was exports of services.
• London exported £100.4 billion of services in 2015. Financial services was the largest service export category in London during 2015, with exports worth around £28.3 billion.
• The EU is London’s (and the UK’s) main trading partner in services. In 2015 London exported around £15.6 billion of service exports to the EU (this figure excludes financial services among other sectors). When looking at individual countries, the US was London’s single biggest trading partner, followed by Switzerland, the Netherlands and Ireland.
• In 2015 London exported £30.7 billion of goods. Miscellaneous manufactured articles (including, for example, clothing, toys and games, works of art and antiques) was London’s largest goods export product by value at £11.9 billion in 2015.
• The EU has been London’s (and the UK’s) largest destination for goods exports. In 2015 London exported £12.5 billion of goods to the EU. Looking at specific countries however, the United States was London’s primary destination for goods exports, followed by Germany, and France.