Click here to close now.




















Welcome!

News Feed Item

U.S. Exports to MENA Reach $70.85 Billion in 2013

U.S. Merchandise Exports to MENA Region Set All-Time Record: $70.85 Billion

WASHINGTON, Feb. 7, 2014 /PRNewswire-iReach/ -- According to new U.S. Government data analyzed by the National U.S.-Arab Chamber of Commerce (NUSACC), 2013 was another record-breaking year for U.S. merchandise exports to the Arab world.  Based on just-released 2013 data and revised 2012 figures provided by the U.S. Census Bureau, U.S. goods exports to the 22 nations of the Arab world increased from $65.91 billion in 2012 to $70.85 billion in 2013, an increase of 7.51 percent and the highest single-year sales volume ever.  By comparison, total U.S. merchandise exports to the world increased by only 2.09 percent, from $1.546 trillion in 2012 to $1.579 trillion in 2013.

(Photo: http://photos.prnewswire.com/prnh/20140207/MN61001)

"Despite the challenges of the Arab Spring, U.S. exports to the Arab world continue to reach new highs," noted David Hamod, President & CEO of the National U.S.-Arab Chamber of Commerce. "These impressive numbers are largely attributable to unprecedented infrastructure development throughout the Middle East and North Africa (MENA) region, especially in the Gulf Cooperation Council nations.  This is very good news for U.S. companies, many of which are looking to compensate for weak demand in the U.S. marketplace by increasing their exports overseas."

The largest category of goods exported was Transportation Equipment, including commercial aircraft, which constituted $ 26.31 billion (37.1 percent) of total U.S. goods shipped to the Arab world.  Other "Top Five" export sectors included Non-Electrical Machinery ($8.63 billion, 12.2 percent), Computer & Electronic Products ($6.52 billion, 9.2 percent), Chemicals ($3.96 billion, 5.6 percent), and Food & Kindred Products ($3.38 billion, 4.8 percent).

As in previous years, importing countries were led by Gulf Cooperation Council (GCC) nations, particularly the United Arab Emirates and Saudi Arabia, which together accounted for $43.6 billion – well over half of all U.S. merchandise exports to the Arab world (61.5 percent).  The GCC nations – which have largely been shielded from the disruptions of the Arab Spring – continued to drive U.S. exports to the region, accounting for 75.7 percent of total sales of goods to the 22 countries of the Arab world. 

Egypt retained its position as the third largest Arab market for U.S. goods, despite a drop in sales of nearly five percent, probably attributable to political unrest in that nation.  As last year, Qatar and Kuwait filled out the remaining "Top Five" importing nations.  The "Second Five" tier of importing nations included Iraq and the four Free Trade Agreement nations in the Arab world: Morocco, Jordan, Oman and Bahrain.

Some countries posted impressive gains over last year:

  • Qatar rose 38.61 percent, probably on the strength of its Vision 2030 master plan and its infrastructure development for the 2022 FIFA World Cup.
  • Jordan climbed 21.95 percent, in part because it has emerged as a trade & investment safe haven in one of the Arab Spring's "roughest neighborhoods."
  • Tunisia and Libya posted impressive gains of 37.62 percent and 48.35 percent, respectively, reflecting post-revolution infrastructure growth and consumer demand in both of those nations.
  • Algeria grew 33.92 percent on the strength of its energy sector and rising consumer demand in that nation.
  • Sudan grew 52.64 percent, presumably as a result of modifications in U.S. sanctions that opened the door to increased numbers of humanitarian products.
  • Djibouti and Comoros jumped 38.09 percent and 270.52 percent, respectively, probably as a result of their efforts to attract larger numbers of foreign investors.

TOP FIVE ARAB MARKETS FOR U.S. GOODS:

UNITED ARAB EMIRATES:  In 2013, the United Arab Emirates was the top U.S. export partner in the Arab world, importing $24.607 billion in goods from the United States, a 9.03 percent increase over 2012. The top three import sectors were Transportation Equipment ($9.38 billion), Computer & Electronic Products ($3.9 billion), and Non-Electrical Machinery ($1.88 billion).

SAUDI ARABIA was the second largest market for U.S. goods, importing $18.988 billion in 2013, a 4.8 percent increase since 2012.  Top import sectors included Transportation Equipment ($8.06 billion), Non-Electrical Machinery ($3.11 billion), and Computer & Electronic Products ($1.28 billion).

EGYPT, the third largest Arab import market for U.S. goods, saw exports decline from $5.49 billion in 2012 to $5.22 billion in 2013. This represents a 4.86 percent decrease, presumably attributable to unrest in that nation. Top imports included Agricultural Products ($917.83 million), Food & Kindred Products ($694.26 million), and Non-Electrical Machinery ($646.09 million).

QATAR retained its position as the fourth largest Arab market for U.S. goods, with imports totaling over $4.96 billion in 2013, a 38.6 percent increase over 2012. The top three sectors were Transportation Equipment ($3.32 billion), Miscellaneous Manufactured Commodities ($348.5 million), and Non-Electrical Machinery ($335.8 million).

KUWAIT retained its position in the "Top Five Arab Markets" for 2013, despite a 3.31 percent decrease in goods imports from the USA.  With total imports from the U.S. reaching $2.594 billion in 2013, Kuwait's top three import sectors included Transportation Equipment ($1.22 billion), Non-Electrical Machinery ($283.15 million), and Food & Kindred Products ($185.9 million).

The "Top Three" exporting States to the Arab world remained the same: Texas, Washington, and California.  Texas goods exports grew to $11,905,606,392, an increase of 12.7 percent over last year.  Washington goods exports grew to $8,405,378,218, an increase of 4.71 percent over last year.  California goods exports decreased to $ 4,445,840,784, a drop of 15.49 percent from last year.  Rounding out the "Top Ten" were New York (14.09%), Florida (19.84%), Louisiana (-7.41%), Georgia (10.15%), New Jersey (25.34%), Ohio (59.37%), and Maryland (4.19%).

Full data for each of the 22 Arab countries and each of the 50 U.S. states will be available on the NUSACC website very soon.  To review preliminary data, click here to see a ranking of the 22 countries of the Arab world by sales volumes, by percentage of change from 2012 to 2013, and alphabetized by country.

Media Contact: Cynthia Douglass, National U.S.-Arab Chamber of Commerce, +1 (801) 867-3020, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE National U.S.-Arab Chamber of Commerce

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...