US-UAE trade grows 8.5% to record Dh98.7bn in 2013

UAE remained top export destination of the US in Mena region for the 5th consecutive year in 2013 while the total bilateral trade rose by 8.5 per cent last year.

According to the US Census Bureau’s Foreign Trade Division figures released on Thursday, US-UAE trade reached record US$26.9 billion (Dh98.7 billion) in 2013 from US$24.8 billion in the previous year. US exports to UAE jumped 9.1 per cent to hit record US$24.61 billion (Dh90.3 billion) while UAE exports to US remained stagnant at US$2.29 billion (Dh8.4 billion) last year.

March 2013 saw the highest monthly US exports at US$3 billion (Dh11 billion) ? a jump of 43.75 per cent over the same month in the previous year.

Transportation equipment remained the largest export segment from US to the UAE for another year in 2013.

The US Census Bureau’s Foreign Trade Division said transportation equipment was the largest subset of US exports to the UAE at US$9.4 billion in 2013, 38 per cent of total exports. Other top US export sectors included computers and electronics (US$3.9 billion), non-electrical machinery (US$1.88 billion), primary metal manufacturing (US$1.83 billion), fabricated metal products (US$1.58 billion), chemicals (US$1.01 billion) and agricultural products (US$708.9 million).

via US-UAE trade grows 8.5% to record Dh98.7bn in 2013UAE – The Official Web Site – News.