U.S. Trade Surplus with U.A.E. Bucks the TrendApril 24, 2017
The U.S.-U.A.E. Business Council is pleased to share a fact sheet on the U.S.-U.A.E. trade relationship.
The U.S. and U.A.E. enjoy a large and growing trade relationship that touches every U.S. state. For the U.S., this relationship is unique in that it is marked by a big trade surplus in its favor. As such, U.A.E. imports of U.S. goods and services provide hundreds of thousands of good-paying jobs for U.S. workers.
This fact sheet highlights how the U.A.E. has been:
- A Key U.S. Trade Partner, Benefitting Every U.S. State: Bilateral trade between the U.S. and U.A.E. doubled from $13 billion in 2010 to $26 billion in 2016. Moreover, the U.A.E. trades with all 50 U.S. states, particularly Washington, California, Texas, Florida, and New York.
- The Largest U.S. Regional Export Market, Producing a Huge U.S. Trade Surplus: The U.A.E. has been the largest export market for U.S. goods and services in the Middle East Africa South Asia (MEASA) region for eight straight years. In 2016, the U.S. enjoyed a $19 billion trade surplus with the U.A.E., the U.S.’s third-largest globally.
- A Major Importer of U.S. Industrial Goods, Creating High-Paying U.S. Jobs: Transportation equipment is the largest U.A.E. import from the U.S. thanks, in part, to the biggest commercial aircraft order in history. U.A.E. imports have created hundreds of thousands of jobs for U.S. workers, as exemplified by the airline industry.