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US exports to UAE reaches $20bn

UAE Business

The UAE remains the US’ top export destination in the entire Middle East and North Africa (Mena) region for the ninth year in a row, according to the Census Bureau's Foreign Trade Division at the US Department of Commerce.

In 2017, the US and the UAE conducted $24.3 billion in total bilateral trade, said the bureau’s report.

The US exports to the UAE reached a total of $20 billion in 2017 and they supported 119,000 American jobs, it said. The UAE exports to the US reached a total of $4.3 billion.

The US enjoyed a $15.7 billion trade surplus with the UAE, the US’ 3rd largest globally, it said.

With one of the most open and innovative economies in the world, the UAE is a dependable and significant economic partner of the US.

Total bilateral trade doubled over the past decade, from $12.1 billion in 2007 to $24.3 billion last year. The UAE trades with all 50 of US states, supporting jobs across the country, it stated. – TradeArabia News Service

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