UAE and US trade touches Dhs23.49b

23/05/2017 07:20 AST

Total trade between the UAE and the US stand at around Dhs23.49 billion ($6.4 billion) in the first quarter of this year compared with Dhs24.44 billion ($6.66 billion) in the first quarter of 2016.

Deficit in the UAE balance of trade with the US fell by around 20 per cent to Dhs14.46 billion ($3.94 billion) in the first quarter of this year, compared with Dhs17.98 billion ($4.9 billion) in the corresponding period last year.

According to the latest data of the US Department of Commerce, the deficit is attributed to the fact that the UAE’s imports from the US dropped by around 10.6 per cent to Dhs18.97 billion ($5.17 billion) in the first three months of this year compared with Dhs21.21 billion ($5.78 billion) in the first three months of last year.

At the same time, the UAE’s exports to the US grew by around 41 per cent to Dhs4.53 billion ($1.23 billion) in the first quarter of this year compared with Dhs3.23 billion ($877.8 million) in the first quarter of last year.


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