|By PR Newswire||
|February 7, 2014 11:50 AM EST||
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.
"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
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 27, 2016 03:00 PM EDT Reads: 1,684
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 27, 2016 02:45 PM EDT Reads: 1,246
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 02:45 PM EDT Reads: 2,193
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Sep. 27, 2016 02:45 PM EDT Reads: 4,597
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 02:30 PM EDT Reads: 286
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 02:15 PM EDT Reads: 1,973
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 27, 2016 02:00 PM EDT Reads: 1,438
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 27, 2016 01:45 PM EDT Reads: 220
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 27, 2016 01:30 PM EDT Reads: 1,711
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 27, 2016 01:15 PM EDT Reads: 2,745
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 27, 2016 01:00 PM EDT Reads: 2,657
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 27, 2016 01:00 PM EDT Reads: 1,594
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 01:00 PM EDT Reads: 2,810
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Sep. 27, 2016 12:30 PM EDT Reads: 2,354
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Sep. 27, 2016 12:30 PM EDT Reads: 1,755