Middle East Trade & Investment Summary
U.S. goods and services trade with the Middle East totaled an estimated $212.0 billion in 2022. Exports were $103.6 billion; imports were $108.5 billion. The U.S. goods and services trade deficit with the Middle East was $4.9 billion in 2022.
U.S. goods exports to the Middle East in 2022 were $71.8 billion, up 15.4 percent ($9.6 billion) from 2021 but down 10 percent from 2012. U.S. goods imports from the Middle East totaled $84.9 billion in 2022, up 39.9 percent ($24.2 billion) from 2021, but down 37 percent from 2012. U.S. exports to the Middle East account for 3.5 percent of overall U.S. exports in 2022. The U.S. trade balance with the Middle East shifted from a goods trade surplus of $1.5 billion in 2021 to a goods trade deficit of $13.2 billion in 2022.
U.S. exports of services to the Middle East were an estimated $31.8 billion in 2022, 7.6 percent ($2.2 billion) more than 2021, and 24 percent greater than 2012 levels. U.S. imports of services from the Middle East were an estimated $23.5 billion in 2022, 36.2 percent ($6.3 billion) more than 2021, and 54 percent greater than 2012 levels. Leading services exports from the U.S. to the Middle East were in the financial services, travel, and transportation sectors. The United States has a services trade surplus of an estimated $8.3 billion with the Middle East in 2022, down 32.6 percent from 2021.
U.S. foreign direct investment (FDI) in the Middle East (stock) was $94.7 billion in 2022, a 0.8 percent decrease from 2021. U.S. direct investment in the Middle East is led by manufacturing, mining, and nonbank holding companies.
Middle East FDI in the United States (stock) was $41.6 billion in 2022, up 4.9 percent from 2021. Middle East direct investment in the U.S. is led by manufacturing, wholesale trade, and real estate.