U.A.E. Remains Largest U.S. Export Destination in MENA for Tenth Consecutive YearMarch 6, 2019
On 6 March 2019 the U.S. Department of Commerce’s Census Bureau, Foreign Trade Division released its annual U.S. trade statistics for 2018.
The U.S. continues to enjoy a large trade surplus with the United Arab Emirates. The value of U.S. exports to the U.A.E. in 2018, which reached $19.54 billion, continued to exceed outgoing American products to other key regional trade partners last year, including: The Kingdom of Saudi Arabia ($13.62 billion), Israel ($13.71 billion), Turkey ($10.19 billion), and Egypt ($5.05 billion).
U.S. exports to the U.A.E. supported an estimated 116,000 American jobs in 2018*.
The U.S. had a $14.54 billion trade surplus with the U.A.E. – the U.S.’s fourth largest globally in 2018.
U.A.E. exports to the U.S. reached $5.00 billion in 2018, the highest value of U.A.E. exports to the U.S. on record.
- The U.S. and the U.A.E. conducted $24.55 billion in total trade in 2018 – an increase of 1.1% from $24.28 billion in 2017.
- Total U.S. exports to the U.A.E. were $19.54 billion in 2018 – a decrease of 2.3% from $20.01 billion in 2017.
- Total U.A.E. exports to the U.S. reached $5.00 billion in 2018 – an increase of 17.3% from $4.26 billion in 2017.
- Monthly U.S. exports to the U.A.E. in 2018 peaked in December at $2.27 billion – an increase of 8.2% from $2.10 billion in 2017.
- Monthly U.A.E. exports to the U.S. in 2018 peaked in June at $488.4 million – an increase of 34.7% from $362.5 million in 2017.
For more information, please click here to view the U.S. Census Bureau’s latest bilateral trade data.
*Calculated using the U.S. Department of Commerce jobs multiplier 5,967 jobs per $1 billion exports.Back to News