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U.S. Exports to the Arab World Jump By 12 Percent to $65.3 Billion MENA Region is Buffeted by Geopolitical Tensions, Economic Diversification, Evolving Energy Markets, and Escalating Impacts of Climate Change According to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023, marking the first year-on-year increase in U.S. exports to the Middle East and North Africa (MENA) since the COVID era in 2021. The new data were compiled by the National U.S. – Arab Chamber of Commerce (NUSACC), America’s top commercial gateway to the MENA region. “American exporters are facing certain challenges in the region, tied primarily to supply chain bottlenecks, as well as the continuing tragedy in Gaza,” said David Hamod, NUSACC’s President & CEO. “But on the whole, economic growth in MENA is outweighing such challenges. This is good news for the U.S. export community, which is facing slowdowns in some other parts of the world.” In 2023, the Top Five destinations for U.S. goods exports to MENA were the United Arab Emirates ($24.9 billion), the Kingdom of Saudi Arabia ($13.9 billion), the State of Qatar ($4.7 billion), the Republic of Egypt ($4.5 billion), and the Kingdom of Morocco ($3.8 billion). These five nations accounted for $51.8 billion in U.S. sales, representing approximately 80 percent of American goods exports to the Arab world. To read the full report, please click here.
U.S. Exports to the Arab World Jump By 12 Percent to $65.3 Billion MENA Region is Buffeted by Geopolitical Tensions, Economic Diversification, Evolving Energy Markets, and Escalating Impacts of Climate Change
According to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023, marking the first year-on-year increase in U.S. exports to the Middle East and North Africa (MENA) since the COVID era in 2021. The new data were compiled by the National U.S. – Arab Chamber of Commerce (NUSACC), America’s top commercial gateway to the MENA region. “American exporters are facing certain challenges in the region, tied primarily to supply chain bottlenecks, as well as the continuing tragedy in Gaza,” said David Hamod, NUSACC’s President & CEO. “But on the whole, economic growth in MENA is outweighing such challenges. This is good news for the U.S. export community, which is facing slowdowns in some other parts of the world.”
In 2023, the Top Five destinations for U.S. goods exports to MENA were the United Arab Emirates ($24.9 billion), the Kingdom of Saudi Arabia ($13.9 billion), the State of Qatar ($4.7 billion), the Republic of Egypt ($4.5 billion), and the Kingdom of Morocco ($3.8 billion). These five nations accounted for $51.8 billion in U.S. sales, representing approximately 80 percent of American goods exports to the Arab world.
To read the full report, please click here.