UAE is the biggest export market for the United States with trade between the two countries reaching a record high of $18.34 billion in 2011. The UAE remains a key export destination and the single largest export market for American goods in the Middle East and North Africa region, the newly-released 2011 US export statistics by the Department of Commerce, reveals.
United States trade with UAE last year marks a jump of 26 percent compared to 2010. UAE, on the other hand, exported $2.44 billion to the US, more than doubling its 2010 export numbers.
“These record-breaking statistics show how strong the significant relations between the two countries as well as the significant expansion of these relations as the UAE has one of the most open and innovative economies,” UAE Ambassador to the United States Yousef Al Otaiba said.
“The UAE trade relations with all American states contribute to the creation of hundreds of thousands of jobs for American citizens in vital sectors such as aircraft industry, services and military equipment industry,” he added. Interestingly Etihad Airways and Emirates are the world’s largest buyers of Boeing aircraft.
