United States: Trade With the Muslim World

Veröffentlicht am:
Exportieren Archiv anzeigen

 

The Organization of the Islamic Cooperation (OIC) will hold an extraordinary summit in Istanbul, Turkey, on Wednesday, December 13, 2017, to discuss the repercussions of the announcement of US President Donald Trump last week recognizing Jerusalem as the capital of Israel. Last Monday, the OIC appealed to its 57 member states to cut ties with any country that recognizes Israel’s annexation of Jerusalem.

 

If the members of the OIC revise bilateral trade relations with the US, which OIC members have the most flexibility to injure the US in terms of total trade volume or specific commodities?

  • According to the United Nations, total US goods imports from OIC member states totaled $128 billion in 2016. While this made up about six percent of total US imports—roughly equal to total US import from the likes of Japan and Germany—it is nearly a 40 percent decline since 2011 thanks in large part to the price of commodities the US imports from OIC members.
  • The primary US imports from OIC members were mineral fuels and oils, electrical machinery and equipment, articles of apparel and clothing accessories, and nuclear reactors, together accounting for more than two-thirds of all merchandise imports. The largest exporters to the US among the OIC member states were Malaysia, Indonesia, Saudi Arabia, Turkey, and Iraq, which represented 71 percent of US imports from the OIC in 2016. 
  • The major exports from the US to OIC were aircraft, electrical equipment, nuclear reactors, vehicles, and optical equipment. The largest importers from the US among OIC member states were the UAE, Saudi Arabia, Malaysia, Turkey, and Indonesia, accounting for 66 percent of all US exports to the OIC.

 

Imports to the US | Exports from the US

Verwandte Insights von Knoema

US Population by Age and Generation in 2020

Gen-Z has overtaken Millennials by nearly 4 million to become the largest generation in the United States. Baby Boomers are the third-largest generation with the population of 69 million persons in 2020. With a current population of around 86 million, the Gen-Z generation is expected to grow to 88 million over the next 20 years because of migration, according to the United Nations' latest World Population Prospects. The boundaries that define generations are not universally agreed, and yet these boundaries carry important implications in business and government. The size,...

Top Vehicle Manufacturers in the US Market, 1961-2016

Over the last three years, car sales in the US market have set new all-time records and included a collection of manufacturers that extends well beyond the American classics. In 2015, vehicle sales in the US reached nearly 17.5 million units, a growth of 5.7 percent from 2014 and 25,000 more vehicles than the record setting sales in 2005. The year 2000 marked a turning point in the US auto industry: it was the last year that General Motors and Ford Motor Company combined made up at least 50 percent of the US market share. GM’s share of the US market has decreased almost 3 times...

Active Hate Groups in the United States, 2003-2015

In 2015, at least 892 "hate" groups were operating throughout the United States, according to Southern Poverty Law Center (SPLC). This represents a 14 percent increase from the 784 groups recorded a year before. Still, the current figures are lower than the all-time high in 2011 as traditional organised extremism continues to shrink in favor of collective and individual cyber-based activism. The SPLC defines a hate group as an organised movement that has beliefs or practices that attack or malign an entire class of people based on religion, race, sexual orientation, gender,...

Coronavirus and the US Consumer by Prosper Insights & Analytics

Prosper Insights & Analytics has 18 years of experience producing market leading monthly survey-based research of consumers' overall confidence. In its most recent survey, Prosper asked consumers about their concerns with regard to the coronavirus pandemic and the related cancellation of major events. You can explore Prosper's latest findings in depth below, but we'll give the spoiler: 82% of US consumers expressed one form of concern or another and believe that they will somehow experience direct consequences of the pandemic. Moreover, for the first time in six months there is...