UAE and US trade grows 2.25 per cent

10/02/2016 06:05 AST

The total value of trade exchange between the UAE and the US grew by 2.25 per cent to Dhs93.37 billion last year compared with Dhs91.31 billion in 2014.

According to the data of the US Department of Commerce, the UAE’s exports to the US fell by around 12.5 per cent to Dhs9.03 billion last year, down from Dhs10.31 billion in 2014.

The UAE’s imports from the US grew by around 4 per cent to Dhs84.34 billion last year, up from Dhs81 billion in 2014.

By this, the deficit of the UAE balance of trade with the US grew by around 6.5 per cent to Dhs75.31 billion last year, up from Dhs70.68 billion in 2014. According to recent US Government data analysed by the National US-Arab Chamber of Commerce, exports of US goods to the Middle East and North Africa (Mena) region fell in 2015 to $67.4 billion from $71.4 billion in 2014, a decline of 5.6 per cent. This is the first time since 2010 that sales of US goods to the MENA region declined.


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