37.8 billion dirhams of goods trade between the UAE and America in 4 months, achieving strong growth of 24.5% year on year

The volume of merchandise trade between the United States of America and the United Arab Emirates increased to $10.3 billion (37.8 billion dirhams) during the first four months of this year 2023, according to the latest data issued by the US Department of Commerce, up from $8.27 billion (30.35 billion dirhams). During the same period last year 2022, thus registering trade between the two countries, a growth of 24.5% on an annual basis.

Total US goods exports to the UAE rose 34% to $8.09 billion (29.69 billion dirhams) from $6.04 billion (22.16 billion dirhams) during the same period last year.

On the other hand, the UAE’s exports to the United States amounted to $2.22 billion (8.14 billion dirhams) during the four months to April 2023, compared to $2.23 billion (8.18 billion dirhams) during the same period last year.

For the month of April 2023, trade between the two countries amounted to $2.423 billion (8.9 billion dirhams), compared to $2.34 billion (8.59 billion dirhams).

Total US exports to the UAE in April amounted to $1.87 billion (6.12 billion dirhams), a growth of 22.2% from $1.53 billion (5.6 billion dirhams) last year, while UAE exports to the United States declined to $553 million (2.02 billion). dirhams), from 812 million dollars (2.98 billion dirhams).