United Arab Emirates Trading Portal

Trading Partner Portal: United Arab Emirates

Overview

Trade Overview

The UAE enjoys a high per capita income and an open economy with a substantial trade surplus. Oil was discovered in the UAE in the 1950s and Abu Dhabi was one of the first emirates to begin exporting oil. Since the discovery and export of oil, the UAE has transformed into an economy with a high standard of living. The UAE has been a member of the WTO since 1996 and a member of Gatt since 1994. The UAE has a population of approximately 9.6 million and a GDP of $414.17 billion. (CIA Factbook, World Bank)

Two-way trade between the United States and the UAE was approximately $24.35 billion in 2019. The United States exported $20 billion to the UAE in 2019. Exports consisted of $5.7 billion in transportation equipment, $3.36 billion in computer and electronic products, $1.37 billion in non-electrical machinery, and $1.2 billion in chemicals. Imports from the UAE were over $4.35 billion, with the top categories being primary metal manufacturing, reimports, and petroleum and coal products.

US FDI in the UAE totaled $16.78 billion in 2017, and UAE FDI into the US totaled $4.8 billion in the same year (Bureau of Economic Analysis). UAE FDI contributed to 10,400 jobs in the U.S. THe top industry sectors for UAE FDI were: financial services, transportation, consumer products, communications, hotels and tourism, and metals.

​UAE – California Trade

In 2019, California exported $1.83 billion to the UAE. Agricultural products made up 27.8 percent or $509 million of the total. Computer and electronic products made up 19.2 percent or $351 million of the total. Second hand merchandise was credited with 11.6 percent or $212million of the total. Finally, transportation equipment held 10 percent or $183 million of the total. (U.S. Department of Commerce)

According to the most recent data, the United States invested over $15.6 billion into the UAE, while UAE investment into the United States reached $3 billion (BEA)

UAE – CIA Fact ​Book​​

UAE – US Trade Relations

State Department – UAE

UAE WTO Member Information

USTR Country Page – UAE

Posting First Rise Since 2014, U.S. Exports to Arab World Grow 4 PErcent to $62.64 Billion in 2019
National U.S.-Arab Chamber of Commerce, February 9, 2020

U.S. Goods Exports to Arab Countries 2018 vs. 2019
National U.S.-Arab Chamber of Commerce, February 2020

U.S. Chamber Hosts U.S. Secretary of Commerce Penny Pritzker in Abu Dhabi and Dubai
U.S. Chamber of Commerce, March 10, 2015

Trade Policy Review: United Arab Emirates
WTO, June 3, 2016