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MENAFN - Qatar News Agency - 11/02/2013

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(MENAFN - Qatar News Agency)US exports to the 22 Arab nations increased more than 17 percent to 65.91 billion in 2012 from 56.18 billion in the preceding year, National US-Arab Chamber of Commerce (NUSACC) data revealed.

By comparison, total US merchandise exports to the world increased by only 4.5 percent to 1.55 trillion in 2012 from 1.48 trillion the previous year. In 2012, the UAE was the top US export partner in the Arab world, importing 22.57 billion in goods from the United States, a 41.9 percent increase over 2011. Saudi Arabia was the second largest market, importing 18.12 billion in 2012, a 31 percent increase, the Saudi Gazette reported on Sunday.

Together, the two countries accounted for more than half of all US merchandise exports to the Arab world. Egypt retained its position as the third largest Arab market for US goods, while Qatar and Kuwait filled out the top five importing nations.

 






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