TRADE SUMMARY

The U.S. trade surplus with the United Arab Emirates was $2.9 billion in 2004, an increase of
$542 million from $2.4 billion in 2003. U.S. goods exports in 2004 were $4.1 billion, up 15.8
percent from the previous year. Corresponding U.S. imports from United Arab Emirates were
$1.1 billion, up 1.2 percent. United Arab Emirates is currently the 29th largest export market for
U.S. goods.
The stock of U.S. foreign direct investment (FDI) in the United Arab Emirates in 2003 was $1.4
billion, up from $1.3 billion in 2002.
After consultations with Congress, the United States bean Free Trade Agreement (FTA)
negotiations with the UAE in March 2005. An important objective of these negotiations is the
removal of trade barriers for U.S. goods and services providers. The FTA with the UAE is the
next stage in achieving President Bush’s vision for a Middle East Free Trade Area by 2013.

UAE's global merchandise trade relationships

UAE's principal export destinations, 2003
1. Japan: 26.9%
2. South Korea: 9.6%
3. Iran: 3.9%
4. Thailand: 3.8%
5. Singapore: 3.5%
6. Australia: 1.3%

UAE's principal import sources, 2003
1. China: 11.1%
2. Japan: 8.0%
3. Germany: 8.0%
4. United States: 7.7%
5. France: 7.6%
6. Australia: 2.7%

Source: Market Information and Analysis Section, DFAT, UAE