United Arab Emirates

United Arab Emirates ranked No. 31 in total trade value through June with a total of $8.93 billion. Exports totaled $7.45 billion and Imports totaled $1.48 billion, a surplus of $5.97 billion.

U.S. trade with United Arab Emirates rose to $8.93 billion through June

United Arab Emirates’s trade with the United States rose to $8.93 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.71 percent below its total trade during the same time period last year. U.S. exports to United Arab Emirates decreased 25.12 percent while U.S. imports from United Arab Emirates fell 33.75 percent. The U.S. surplus with United Arab Emirates was $5.97 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 John F. Kennedy International Airport; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Charleston; No. 2 Port of New Orleans; No. 3 John F. Kennedy International Airport; No. 4 Port of Houston and No. 5 Port of Newark. In the current time period, the top five accounted for 41.51 percent of United Arab Emirates’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 9.48 percent to $1.26 billion.
    Exports rose 13.16 percent to $1.1 billion. Imports fell 10.54 percent to $160.3 million.
  • Trade with No. 2 Port of Houston fell 22.32 percent to $679.48 million.
    Exports fell 24.05 percent to $467.92 million. Imports fell 18.22 percent to $211.56 million.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio fell 3.78 percent to $633.61 million.
    Exports fell 9.61 percent to $501.73 million. Imports rose 27.48 percent to $131.87 million.
  • Trade with No. 4 John F. Kennedy International Airport fell 31.9 percent to $631.21 million.
    Exports fell 23.65 percent to $568.23 million. Imports fell 65.53 percent to $62.97 million.
  • Trade with No. 5 Port of Newark fell 25.62 percent to $498.83 million.
    Exports fell 37.34 percent to $245.92 million. Imports fell 9.07 percent to $252.9 million.

United Arab Emirates ranked No. 31 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 30.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to United Arab Emirates by value through June were the categories of Cell phones, related equipment; Civilian aircraft, parts; Passenger vehicles; Computers; and Bombs, grenades, cartridges, parts, respectively. They accounted for 36.34 percent of total exports to United Arab Emirates.

The value of the top five categories of U.S. imports from United Arab Emirates –– Aluminum, unwrought; Returned exports, without change; Gasoline, other fuels; Oil; and Iron and steel pipes and tubing –– accounted for 67.87 percent of all inbound shipments.

Looking more closely at U.S. exports to United Arab Emirates:

  • Cell phones, related equipment rose 14.64 percent compared to last year to $771.11 million.
  • Civilian aircraft, parts fell 65.2 percent compared to last year to $672.25 million.
  • Passenger vehicles fell 37.63 percent compared to last year to $662.52 million.
  • Computers rose 31.83 percent compared to last year to $349.21 million.
  • Bombs, grenades, cartridges, parts rose 64.23 percent compared to last year to $251.8 million.

Looking more closely at U.S. imports from United Arab Emirates:

  • Aluminum, unwrought fell 34.96 percent compared to last year to $412.26 million.
  • Returned exports, without change fell 40.91 percent compared to last year to $374.29 million.
  • Gasoline, other fuels fell 54.36 percent compared to last year to $134.01 million.
  • Oil totaled $50.14 million. The previous year, there were no imports in this category.
  • Iron and steel pipes and tubing fell 7.38 percent compared to last year to $34.88 million.

In the latest annual figures available, United Arab Emirates recorded $24.39 billion in trade with the United States. Total U.S. exports to United Arab Emirates were $ 20.04 billion and imports from United Arab Emirates were $4.35 billion. The U.S. surplus with United Arab Emirates was $15.69 billion.