Services are set to account for half of UK exports from 2026, hitting parity with goods for the first time, a new report has predicted.
Research by Barclays found the total value of exports would increase from an estimated £536bn this year to £880bn within a decade.
The United States and Germany would remain the UK's two biggest export destinations, while China would become increasingly important as a trade partner, the report said.
Matt Tuck, head of global transaction banking at Barclays, said: "These latest findings demonstrate the increasing importance of the UK as a global services hub, in addition to the traditional UK stronghold for goods.
"The UK is expected to continue performing strongly with higher-value, higher-margin products in the coming years."