US-UAE trade record high of $18 bn in 2011

Top Stories

»	Centre exempts nuclear power goods from customs duty for past imports
»	Indian markets trade higher despite West Asia tensions
»	Sensex, Nifty open 1 pc lower amid West Asia tensions, weak global cues
»	India clocks robust 7.7 pc GDP growth in 2025-26, Q4 growth at 7.8 pc
»	RBI keeps repo rate unchanged at 5.25 pc, maintains ‘Neutral’ stance

IANS/WAM | 13 Feb, 2012
Trade between the US and the United Arab Emirates (UAE) reached a record high of $18.34 billion in 2011, according to latest data.

Increased trade and investment in several key economic sectors, including manufacturing, infrastructure and technology, drove the rise in last year's economic activity.

According to the US export statistics released by the department of commerce, the UAE remained a key export destination and the single largest export market for US goods in the Middle East North Africa (MENA) region.

In total, the US exported a record $15.89 billion worth of goods to the UAE in 2011, an increase of 26 percent compared to 2010.

The previous record of $14.4 billion in US exports to the UAE was registered before the global economic recession of 2008.

The UAE exported $2.44 billion worth of goods to the US, more than double its 2010 exports.