UAE-US Trade
Since 2009, the UAE has been the number one export market for US goods in the entire Middle East and North Africa (MENA) region.
In 2020, bilateral trade totaled $17.83 billion, with the US exporting nearly $15 billion of goods and services to the UAE. The resulting $11.68 billion trade surplus for the US is America’s fourth largest trade surplus globally.
From 2010 to 2019, exports grew over 70%. Due to the COVID-19 pandemic, exports dipped in 2020 but remained resilient at $14.75 billion -- still the US’ largest export destination in the Middle East
This robust trade relationship reflects the success of the UAE’s increasingly diverse economy, with non-oil sectors accounting for 70% of the UAE’s GDP.
Top categories of US exports in 2020 included: electronics, nuclear materials, passenger vehicles, and aircraft and spacecraft. The UAE trades with all 50 US states. Trade with the UAE supports approximately 88,000 American jobs, strengthening the importance of the continued bilateral trade relationship.
UAE investment into the US, as well as exports from the US to the UAE, contribute to the American economy. In 2019, UAE direct investment in the US reached $27.6 billion. According to SelectUSA, there were over 12,000 American workers employed by US affiliates of majority-owned UAE firms as of 2018.
|
Top 10 States Exporting to the UAE: