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
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...