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Service exports also increased.
Singapore's service exports to India tripled.
Quite a lot of American service exports are, in fact, recorded as service exports coming to nearly $700 billion in 2013.
Service exports, such as those of London's financiers, are less affected by exchange rates.
Our service exports are 12 per cent of GDP, the highest proportion of any G7 country.
Europe is the biggest consumer of the UK's $60bn of financial service exports.
Similar(24)
In economically challenging times, there is also no getting away from the fact that education is currently the fifth largest service export sector for the UK economy.
The new rule could mean costly delays and a loss of tank-washing business (which counts as a service export) to Canadian companies, the American Trucking Association said.
"As our fourth-biggest service export, and one of our fastest growing sectors, tourism's importance as a key economic driver and job creator is clear.
Tech City is booming, and it is part of the vital service export sector that prevented us trickling into a triple-dip recession.
"The ensuing debate and eventual legislative impasse has effectively left the nation's third-largest export industry and leading service export without a structural and strategic vision for the coming decades.
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