The U.S.-U.A.E. Bilateral Trade Relationship Continues to Set RecordsFebruary 6, 2018
The U.S. continues to enjoy a significant trade surplus with the U.A.E. The value of U.S. exports to the U.A.E. in 2017, which reached $20 billion, continued to exceed outgoing American products to other key regional trade partners last year, including: The Kingdom of Saudi Arabia ($16.260 billion), Israel ($12.544 billion), Turkey ($9.751 billion), and Egypt ($3.983 billion.)
U.S. exports to the U.A.E. supported an estimated 119,340 American jobs in 2017.*
The U.S. has the third largest trade surplus with the U.A.E. after Hong Kong and the Netherlands.
According to the latest statistics from the U.S. Census Bureau, U.A.E. exports to the U.S. have reached $4.323 billion. This is the highest value of exports by the country on record.
- The U.S. and U.A.E. conducted $24.328 billion in total trade in 2017-a decrease of 5.6% since 2016
- Total U.S. exports to the U.A.E. reached $20.005 billion in 2017-a decrease of 10.7% since 2016
- Total U.A.E. exports to the U.S. reached $4.323 billion in 2017-an increase of 28% since 2016
- The trade balance between the U.S. and U.A.E. in 2017 is $15.682 billion-a decrease of 17.6% since 2016
- The highest month for U.S. exports to the U.A.E. last year was December 2017 at $2.1 billion, which was 1% higher than December 2016.
- The highest month for U.A.E. exports to the U.S. last year was January 2017 at $458.8 million, which was 97.42% higher than January 2016.
For more information, please see the U.S. Census Bureau’s latest report: HERE
For more information regarding the U.S.-U.A.E. overall bilateral relationship, please visit the U.S.-U.A.E. Business Council’s website at www.usuaebusiness.org
*Calculated using the U.S. Department of Commerce jobs multiplier 5,967 jobs per $1 billion exports.Back to News