2011 us exports at record level to uae
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DUBAI – The Foreign Trade Division of the US Census Bureau announced that exports from the United States to the United Arab Emirates reached a record level of $15.89 billion in 2011, a 36% increase over exports in 2010 of $11.67 billion. The UAE is once again America’s number one export market in the Middle East North Africa (MENA) region and a top 20 destination for US goods worldwide. The previous record for exports from the US to the UAE of $14.4 billion occurred in 2008.TRANSCRIPT
American Business Council
of Dubai & the Northern Emirates
February 12, 2012
-For Immediate Release-
Exports from United States to the United Arab Emirates at Record Level
Exports from the United States to the United Arab Emirates reached record high of $15.89 billion in 2011
DUBAI – The Foreign Trade Division of the US Census Bureau announced that exports from the
United States to the United Arab Emirates reached a record level of $15.89 billion in 2011, a
36% increase over exports in 2010 of $11.67 billion. The UAE is once again America’s number
one export market in the Middle East North Africa (MENA) region and a top 20 destination for
US goods worldwide. The previous record for exports from the US to the UAE of $14.4 billion
occurred in 2008.
Trade between the US and the UAE also marked a record high of $18.34 billion in 2011. The
UAE exported $2.44 billion worth of goods to the US in 2011, more than twice its export level to
the US in 2010 of $1.15 billion.
Rising investment levels in the UAE across multiple economic sectors including manufacturing,
aviation and technology drove the export increase from the US. Aircraft, machinery and autos
topped the list of US exports arriving in the UAE in 2011. Goods manufactured in every state
were exported to the UAE, with December as the highest month for exports, totaling $1.824
billion. The top US export to the UAE in 2011 was transportation equipment at $5.893 billion.
Aluminum products are the single largest export category from the UAE to the US.
According to Justin Siberell, US Consul General Dubai, “American businesses play a key role in
the commercial life of Dubai and the UAE. American companies have for decades encountered
a welcoming business climate here and have, as a result developed strong presence in many
economic areas.”
As a large and growing market for US companies, the UAE’s policy of economic diversification
and its ideal geographic location continue to strengthen trade links between the two countries.
About the American Business Council
The American Business Council of Dubai & the Northern Emirates operates under the auspices
of Dubai Chamber of Commerce & Industry and functions as the Dubai Chapter of the US
Chamber of Commerce and Industry. Since its founding in 1985, the ABC has supported
American business and acts as a liaison between government and commercial entities.
The American Business Council is a 500 plus member driven organization. Fortune 500
companies and key business leaders are representative of the council’s member profile. ABC
provides a foundation for understanding and interaction with the local business community and
its members. Members are supported through a robust calendar of round table discussions,
corporate, networking and social opportunities. You can reach the American Business Council at
www.abcdubai.com
CONTACT:
Cara Nazari
Executive Director, American Business Council
+971 04 340 7566