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U.S. exports to the country have grown since 1998 and are on track to reach $37 million in 2007. Computer and aircraft category sales have experienced high growth over the past year and should continue to be high-demand value-added export categories.
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Somalia – 2007 Forecast Top Ten Manufactured U.S. Imports ($ Billion)
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(SOURCE: IRmep)
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Niche exporters may be surprised to find that recreational items, including sporting goods and musical gear, are growing at three- and four-digit annual rates. Medical equipment and testing and control materials are undergoing similar geometric growth.
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Sectors to Watch
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Export
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4 Year Annual Growth Rate
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2007 U.S. Export Opportunity
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Computer
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Computer accessories
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102.5%
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$0.093 million |
| Aircraft |
Parts – civilian aircraft |
210.0% |
$0.053 million |
NATIONAL U.S.-ARAB
CHAMBER OF COMMERCE
National Headquarters:
1023 15th Street, NW, Suite 400
Washington, DC 20005
Tel: (202) 289-5920 • Fax: (202) 289-5938
1330 Post Oak Boulevard, Suite 1600
Houston, TX 77056
Tel: (713) 963-4620 • Fax: (713) 963-4609
8921 South Sepulveda Boulevard, Suite 206
Los Angeles, CA 90045
Tel: (310) 646-1499 • Fax: (310) 646-2462
420 Lexington Avenue, Suite 2034
New York, NY 10170
Tel: (212) 986-8024 • Fax: (212) 986-0216
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©2007 National U.S.-Arab Chamber of Commerce (NUSACC). All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, photocopying, recording, or otherwise, without prior written permission of the National U.S.-Arab Chamber of Commerce.
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Felukah traditional Nile riverboat under sail at sunset in Cairo.
Palestine
There is no light at the end of the tunnel for the West Bank and Gaza. The U.S.-led international aid boycott, combined with December 2006 Congressional legislation designed to pressure the Hamas-dominated Palestinian government, will continue to depress bilateral trade for the foreseeable future.
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Metric
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2005
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2006
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2007f
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Forecast Real GDP Growth Rate
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NA
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NA
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NA
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Total Merchandise Imports
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$12.2 billion
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NA
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NA
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Merchandise Imports from the U.S.
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$0.004 billion
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$0.003 billion
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$0.000 billion
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Imports from USA (Annual Growth)
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1379%
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–34.2%
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–100.0%
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U.S. Share of Import Market
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0.2%
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NA
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NA
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Comoros
Comoros, a set of islands off Madagascar and Mozambique in the Indian Ocean, is one of the poorest countries in the Arab world. U.S. trade, already miniscule in 2005, fell in 2006. The country is economically reliant on agriculture, while hunting, fishing and forestry make up the other leading sectors of the economy.
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Metric
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2005
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2006
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2007f
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Forecast Real GDP Growth Rate
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2.0%
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1.2%
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3.0%
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Total Merchandise Imports
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$0.120 billion
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$0.110 billion
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$0.110 billion
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Merchandise Imports from the U.S.
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$0.0 billion
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$0.0 billion
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$0.0 billion
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Imports from USA (Annual Growth)
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0.0%
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0.0%
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0.0%
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U.S. Share of Import Market
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0.2%
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0.1%
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0.0%
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