Mustafa Abdel Azim (Dubai)
The volume of non-oil trade exchange between the UAE and the United States of America increased during the first four months of the current year 2024, reaching about 40.16 billion dirhams ($10.94 billion), compared to 37.7 billion dirhams ($10.28 billion) during the same period of the year. 2023, with a growth of 7.7%, according to data from the US Census Center.
According to data from the Center affiliated with the US Department of Commerce, the UAE’s total exports to America during the period from January to April 2024 amounted to about 7.3 billion dirhams ($2.0 billion), while the country’s total imports amounted to about 32.8 billion dirhams ($8.94 billion).
Trade balance
According to the data, the trade balance surplus between the two countries, during the period from January to the end of April of this year, amounted to about 25.4 billion dirhams ($6.94 billion) in favor of the United States, compared to a surplus of 21.2 billion dirhams ($5.7 billion) for the same period of the year. The year is 2023.
The United Arab Emirates exports and re-exports many goods to the United States of America, especially electronic and consumer goods, precious stones, and other non-oil goods, while the United Arab Emirates, in contrast, is the largest market for American exports in the Middle East region, especially in the field of machinery. And equipment for transportation, aviation, industries, food and mineral products.
Monthly performance
According to monthly data, the total merchandise trade exchange between the two countries during the month of January amounted to about 8.7 billion dirhams ($2.38 billion), compared to 8.5 billion dirhams ($2.32 billion) for the same month last year, distributed among imports worth ($1.9 billion). dollars) and UAE exports worth ($473 million).
Trade exchange between the two countries increased during the month of February 2024 to reach 11.37 billion dirhams ($3.1 billion), which included $2.68 billion in imports from the United States and $414 million in exports, while the total during March reached 9.6 billion dirhams ($2.64 billion), which included exports. With a value of $540 million, and imports worth $2.1 billion.
Last April, the total trade exchange between the two countries amounted to about 10.3 billion dirhams ($2.8 billion), compared to 8.9 billion dirhams ($2.4 billion) for the same month of 2023.
The country’s imports from the United States last April amounted to about $2.24 billion, compared to $1.88 billion for the same month in 2023, while the value of exports amounted to about $576 million, compared to $555 million for April 2023.
It is noteworthy that the volume of non-oil trade exchange between the two countries during the year 2023 had risen to a new record level, exceeding the barrier of 116 billion dirhams ($31.72 billion) for the first time in its history, compared to 101.8 billion dirhams ($27.75 billion) for the year 2022. A growth of 14.8%, according to data from the US Census Center, which ranked the UAE 20th in the world and first in the Middle East, among the largest US export markets, and 46th among the largest import markets.
During the past year, the country’s exports to America maintained their second highest level at 24.1 billion dirhams ($6.57 billion), compared to 25.3 billion dirhams ($6.9 billion) last year, bringing the country ranked 20th in the world among the largest markets for American exports. Around the world, and the first in the Middle East and North Africa region.
On the other hand, the country’s imports from the United States of America in 2023 amounted to about 91.2 billion dirhams ($24.85 billion), compared to 76.5 billion dirhams ($20.85 billion) in 2022, with a growth of 19.2%, thus ranking it 46th in the world among the largest markets. Imports to the United States.
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