By Libya Herald staff.
Tripoli, 8 February 2014:
US exports to Libya rose by 48 percent in 2013, with growth attributed to increased . . .[restrict]consumer demand in the aftermath of the 2011 revolution.
The US-Arab Chamber of Commerce said that developments in Libyan infrastructure were driving US exports to the country, in a report detailing US Census Bureau figures on exports to 22 Arab nations last year.
“Despite the challenges of the Arab Spring, US exports to the Arab world continue to reach new highs,” said President of US-Arab Chamber of Commerce David Hamod. “This is very good news for US companies, many of which are looking to compensate for weak demand in the US marketplace by increasing their exports overseas.”
The largest category of goods exported across all 22 countries was transportation equipment, which constituted $26.31 billion (37.1 percent) of total US goods shipped to the Arab world. The other top five export sectors included non-electrical machinery ($8.63 billion, 12.2 percent), electronic products ($6.52 billion, 9.2 percent), chemicals ($3.96 billion, 5.6 percent), and food products ($3.38 billion, 4.8 percent).
Only Sudan, Djibouti and Comoros saw higher rates of growth in terms of exports from America. This was attributed, in the case of Sudan, to modifications to US sanctions and efforts to attract large numbers of foreign investors on the part of Djibouti and Comoros. [/restrict]