United Kingdom – Houston’s #10 Trade Partner in ‘15 Over 7,500 U.S. firms have a presence in the U.K., which is also a prime location in Europe for U.S. regional headquarters covering Europe, the Middle East, and Africa. The U.K. market is highly diversified and is second largest market in the world for U.S. service exports. The U.S. Department of Commerce has identified the U.K. as a prime market for U.S. exports of agriculture equipment, cloud computing, medical equipment, and nuclear power technologies. Brief on United Kingdom’s Global Position GDP (’15) $2.9 trillion #5 Growth Rate 2.5% (IMF) Pop (’15) Growth Rate 64,088,22 2 0.5% (CIA) Exports (’15) $442 billion Manufactured goods, fuels, chemicals, food, tobacco, beverages Imports (’15) $617.1 billion Manufactured goods, machinery, fuels, foodstuffs Houston’s Business Ties  146 U.K. firms operate at 244 subsidiary locations in the Houston area; 64 Houston firms have 197 subsidiary locations throughout the United Kingdom.  Houston firms with significant operations in the U.K. include, but are not limited to: American Bureau of shipping (ABS), BMC Software, ConocoPhillips, KBR, Noble Energy, and Oceaneering International.  U.K. firms with major operations in Houston include, but are not limited to: BP, Direct Energy, EV Offshore, Intertek, Mustang Engineering and Lloyds Register.  Of the 19 foreign banks represented in Houston, two are from the U.K.: Bank of Scotland PLC and Standard Chartered Bank.  The Consulate General of the United Kingdom of Great Britain and Northern Ireland and the British-American Business Council facilitate trade and other relationships in Houston.  British Airways and United Airlines offers five daily non-stop flights from Houston to the United Kingdom. Trade Trade between Houston and the U.K. has declined since ‘05. A decrease in the value of traded mineral fuels and oil and industrial machinery accounted for the majority of the decline. From ’05 to ’15 trade between Houston and the U.K. has decreased slightly. Greater Houston Partnership Research Updated March 2, 2016 Total Trade, $ Value, Houston and United Kingdom 8,000,000,000 7,000,000,000 6,000,000,000 5,000,000,000 4,000,000,000 3,000,000,000 2,000,000,000 1,000,000,000 0 EXPORTS '05 '06 '07 IMPORTS '08 '09 '10 '11 '12 '13 '14 '15 Source: WISERTrade from US Census Bureau, Foreign Trade Division data Ran k EXPORTS TO UNITED KINGDOM via HOUSTON-GALVESTON CUSTOMS $DISTRICT % Value, Millions Commodity ’14 ’15 % of Total ’15 Change ’14 – ’15 6 Mineral Fuels, Refined Products, Oils, Waxes Industrial Machinery, Computers Electrical Machinery, Equipment and Parts Optic, Photographic, Measuring, Medical and Surgical Instruments Aircraft, Spacecraft and Parts Thereof Plastics and Plastic Articles 7 Miscellaneous Chemical Products 93.5 73.5 2.5 -21.4 8 Organic Chemicals 76.3 68.6 2.3 -10.1 9 Articles of Iron or Steel Essential Oils, Perfumery, Cosmetic Preps 87.6 68.5 2.3 -21.8 76.4 62.6 2.1 -18.0 2,680.0 2,479.8 84.5 -7.5 607.9 453.3 15.5 -25.6 3,287.9 2,933.0 100.0 -10.8 1 2 3 4 5 10 Total Top 10 Commodities All Other Commodities TOTAL - ALL COMMODITIES 892.1 887.0 30.2 -0.6 825.3 748.3 25.5 -9.3 211.1 235.6 8.0 11.6 187.6 136.0 4.6 -27.7 151.1 110.3 3.8 -27.0 79.1 90.0 3.1 13.8 Source: WISERTrade from US Census Bureau, Foreign Trade Division data IMPORTS FROM UNITED KINGDOM via HOUSTON-GALVESTON CUSTOMS $DISTRICT % Value, Millions Ran k Commodity 2 Industrial Machinery and Computers Motor Vehicles and Parts 3 Articles of Iron or Steel 1 Greater Houston Partnership Research ’14 ’15 % of Total ’15 Change ’14 – ’15 830.2 689.5 27.3 -16.9 269.4 287.3 11.4 6.6 144.8 168.5 6.7 16.3 Updated March 2, 2016 4 5 6 7 8 9 10 Optic, Photographic, Measuring, Medical and Surgical Instruments Miscellaneous Industrial Components, Equipment and Parts Beverages, Spirits, and Vinegar Mineral Fuels, Refined Products, Oils, Waxes Organic Chemicals Miscellaneous Chemical Products Electric Machinery, Equipment and Parts Total Top 10 Commodities All Other Commodities TOTAL - ALL COMMODITIES 170.9 166.2 6.6 -2.8 174.8 165.8 6.6 -5.1 116.8 146.8 5.8 25.7 430.9 132.8 5.3 -69.1 167.6 124.5 4.9 -25.7 90.2 112.4 4.5 24.7 127.1 97.6 3.9 -23.2 2,522.6 2,091.3 83.0 -17.1 528.1 432.3 17.0 -18.1 3.050.7 2,523.6 100.0 -17.3 Source: WISERTrade from US Census Bureau, Foreign Trade Division data Greater Houston Partnership Research Updated March 2, 2016