Originally Posted by
⌐ AV8OR WANNABE
An interesting and a positive (in my view) article...
Always good to see growth when your taking about airplanes, however, one thing the stats don't mention is - what percentage of total UPS system revenue is UAE? In other words, 15% of what?
Again this is good news, but the article doesn't provide much meaningful information without the backdrop of revenue contribution of the UAE unit.
BTW, what is the chief airfreight export or UAE that's driving the growth? Seems like most UAE exports would be by ship?
UAE Exports to U.S.
With a population of 4.6 million, the UAE exported US$1.3 billion worth of merchandise to the United States in 2007, down 3.3% from 2006 and up 18.7% in 4 years.
- Aluminum …US$317.3 million (23.7% of the UAE to U.S. exports, up 17.6% from 2006)
- Crude oil … $232.6 million (17.4%, up 47.8%)
- Uncut or unset diamonds … $105.1 million (7.8%, down 28.8%)
- Cotton apparel and household goods … $99.5 million (7.4%, down 36%)
- Advanced iron and steel products … $44.8 million (3.3%, down 38.1%)
- Other petroleum products … $34.1 million (2.5%, down 22.8%)
- Cloth, fabrics, cords and threads … $30.9 million (2.3%, up 46.5%)
- Non-cotton apparel and household goods … $25.4 million (1.9%, down 11.1%)
- Fish and shellfish … $21.5 million (1.6%, down 16.3%)
- Boxes, belting, glass and abrasives … $15.1 million (1.1%, up 14%).
Petroleum products including oil and gas represent a little over 20% of UAE’s exports to the U.S. last year.
Fastest-Growing UAE Exports to U.S.
Below are selected UAE exports to the U.S. in 2007 with the highest percentage sales increases from 2006.
- Precious metals excluding gold … US$1.1 million (up 54,050% from 2006)
- Textile floor coverings including rugs … $1.8 million (up 376%)
- Household appliances … $3.9 million (up 310%)
- Collectibles including antiques, artwork and stamps … $3.3 million (up 184%)
- Drilling oil field equipment including platforms … $7.6 million (up 162%).