Mustafa Abdel Azim (Dubai)
The volume of trade exchanges between the United Arab Emirates and the United States increased during the first quarter of this year, reaching around 22 billion dirhams ($ 5.98 billion) in 2021, compared to 20.6 billion dirhams ($ 5.6 billion) for the year 2021, a growth of 7.3% according to data. The US Department of Commerce Statistics Center, which showed a record increase in the country’s exports to America during the month of March by 81.3% to reach 2.15 billion dirhams ($ 586.2 million). According to the data, the volume of trade exchanges between the two countries during the first quarter of this year exceeded the levels before the Covid-19 pandemic in the same period of 2019, amounting to around 21.8 billion dirhams ($ 5.94 billion) , supported by the sharp increase in the country’s exports to the US increased from about 3.5 billion dirhams ($ 957.6 million) in the first quarter of 2019 to 5.3 billion dirhams ($ 1.44 billion) during the first three months of 2022, a growth of more than 51%, while imports fell from pre-pandemic levels to reach 16.67 billion dirhams ($ 4.54 billion), compared to 14.6 billion dirhams ($ 3.98 billion) in the first quarter of 2019.
Trade with the region
According to the Center’s data, a copy of which was obtained by Al-Ittihad, the United Arab Emirates accounted for 33.6 percent of the total volume of trade exchanges between the United States and the Gulf Cooperation Council countries during the first quarter of this year, estimated at 65 , 4 billion dirhams ($ 17.84 billion), it also accounted for about 38.3% of the region’s total imports to the United States and 24.4% of the region’s exports to America.
According to the Center’s data, the trade balance between the two countries in the first quarter of the year was about 11.3 billion dirhams ($ 3.1 billion) in favor of the United States, compared to a profit of 10.10 billion dirhams ($ 2.754 billion) for the same quarter of 2021 and about 14.0 billion dirhams. 1 billion dirhams ($ 3.82 billion) over the same period in 2020.
The highest level
According to monthly data, the volume of trade exchanges between the two countries recorded a remarkable increase during the month of March, reaching 7.9 billion dirhams ($ 2.15 billion) compared to 7.37 billion dirhams ($ 2 billion) in the same month of 2021, after the value of exports increased. The United Arab Emirates to America increased by more than 81.3% to reach 2.15 billion dirhams ($ 586.2 million), which is the highest level during the first three months of this year, compared to 1, 2 billion dirhams ($ 323 million) in the same month of 2021 while falling. In contrast, the United Arab Emirates imported from 6.8 billion dirhams ($ 1.68 billion) in March 2021 to 5.5 billion dirhams ($ 1.51 billion) in March 2022.
The volume of trade exchanges between the two countries during the month of February reached about 7 billion dirhams ($ 1.9 billion), compared to 7.3 billion dirhams ($ 1.98 billion) for the month of February 2021, while the volume of Trade exchange last January amounted to 7.24 billion dirhams ($ 1.97 billion) compared to about 6.45 billion dirhams ($ 1.75 billion) for the same month last year.
Export and re-export
The United Arab Emirates exports and re-exports many goods to the United States, especially electronic and consumer goods, precious stones and other non-oil goods, while the United Arab Emirates is the largest market for American exports in the Middle East, especially in machinery, transportation and aerospace equipment. , industry, food and mineral products.