Florida State Report  2013    Historical Trade Relationships Between the United Arab Emirates and 

 Trade & Commercial Office
www.uaetrade-usa.org
Historical Trade Relationships Between the United Arab Emirates and the United States Florida State Report 2013 1.
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Merchandise Exports and State Ranking Top‐Four Export Sectors to the UAE Port Activity UAE Investments into Florida Service Companies Exporting to the UAE Positive Effects of Trade on Employment Congressional Districts Most Affected by Exports Supporting Data Tables Florida, State‐Wide Summary Merchandise Exports Exports to the UAE by State ($ millions) State
1999
2011
2012
2013
20112013
% Of
US
Total
US Total
2,713
15,893.8
22,569.9
24,607.2
63,053.0
100.0%
1
Washington
709.7
2,753.1
5,059.1
4,031.6
11,844.0
18.78%
2
Texas
343.7
2,056.1
2,190.6
2,684.9
6,938.8
11.00%
3
New York
165.2
1,513.3
1,635.6
2,015.1
5,163.9
8.19%
Rank
4
Florida
45.6
1,176.7
1,685.6
2,212.8
5,075.2
8.05%
5
California
189.1
1,434.6
1,810.5
1,637.3
4,882.4
7.74%
Among US states, Florida
is the 4th
largest merchandise exporter to the UAE, growing from less than $46 million in 1999 to $2.2 billion in 2013. Between 2011 and 2013 exports from Florida to the UAE almost doubled. Florida Exports by Country Rank
Country
2011-13 ($
millions)
Real GDP
(PPP) Rank
Major Export Items
1
2
8
World
Switzerland
Brazil
Argentina
191,591
18,926
15,524
5,136,378
n/a
35
6
21
Aerospace, Phone Equip., Precious Metal Scrap
Gold, Jewelry, Aerospace, Computer Parts
Aerospace, Fertilizers, Computer Equipment
Fertilizers, Aerospace, Computer Parts
9
UAE
5,075,210
49
Cars, Aircraft Parts, Gold, Computers
10
Dominican Rep
4,757.814
71
Cars, Charitable Goods, Telephone parts
UAE ranked 9th
among Florida’s export markets, although the UAE’s economy is only the 49th largest in the world. Exports to the UAE
2011-2013
($1,000)
Share of Total FL
Exports to the UAE
Cars
338,556
8.4%
UAE Share of FL
Exports to All
World Markets
7.4%
Aircraft Parts
167,659
4.1%
1.1%
Sector
Trucks
88,738
2.2%
20.8%
Gold Unwrought
2,468,931
61.1%
12.3%
Computers
647,127
16.0%
7.8%


Cars and Trucks – Cars and trucks accounted for $338 million of Florida’s exports to the UAE between 2011 and 2013. However, there is no manufacturing in the state. Companies exporting to the UAE include dealerships such as AutoNation (Fort Lauderdale). Exports also may reflect sales of used vehicles or exports from neighboring manufacturing states. Computers – Exports of computers grew rapidly with $647 million worth exported to the UAE in 2011‐13. Compuwiz of South Florida is an exporter of these products. 1 Florida’s exports to the UAE are important to key sectors, companies, and regions of the State. 
Aircraft Parts – The UAE accounted for $167 million or 1.1% of Florida’s exports of aircraft parts to all export markets from 2011 to 2013. Companies exporting to the UAE include B/E Aerospace located in Wellington and with an office in Dubai. HEICO is another supplier located in Hollywood. 
Gold – In 2012, gold exports to the UAE have showed a huge growth by reaching $791 million and $1.3 billion in 2013. Between 2011 and 2013, gold exports to the UAE accounted for $2.4 billion more than 12.3% out of Florida’s total exports of gold. Florida is likely a conduit of gold from Latin America seeking safer havens. Florida, State ‐ Wide Summary Port Activity Bilateral trade with the UAE supports port activity in Florida. Miami
is the 4th largest U.S. port for trade with the UAE, with total trade (imports and exports) growing from $26 million in 1999 to $1.8 billion in 2013. Total Trade (Exports + Imports) with UAE ($ millions)
Rank
Port
1999
2013
2011-2013
% Of 11-13
Bilateral
Trade with
UAE
1
New York
626
60,81
16,177
23.1%
2
Seattle
724
4,063
12,085
17.3%
3
Houston
350
2,637
6,941
9.9%
4
Miami, FL
26
1,825
3,968
5.7%
7
Tampa, FL
83
1,434
3,258
4.7%
Tampa is the 7th largest U.S. port for trade with the UAE, with total trade growing from $83 million in 1999 to $1.4 billion in 2013. UAE Investments in Florida Capital inflows from the UAE have supported Florida companies. The following table summarizes some of the key investments since 2006. Year Investor 2007 Tatweer 2007 Gulf Agency Company (GAC) 2007 Dubai Holding 2009 Palm Aviation 2012 Hots Brands International Company/Sector/ Location Description Estimated Investment1 Universal City Dubailand $2 billion New office in Tampa, FL n/a Opening of new wax museum n/a Business Services/ Miami FL New office in Miami, Florida. n/a HBI/ F&B/ Lakewood Ranch, Florida New Office in Lakewood Ranch, Florida $1.7 million Universal Studios/ Theme Park/ Orlando, FL GAC subsidiary/ Transport/logistics/ Tampa, FL Tussauds/ Entertainment/ Hollywood, FL 1/ Estimates are based on public sources and may include total investment in companies headquartered in Florida. Services Services are a growing component of US and world trade. Florida companies selling services to the UAE include the following (non‐exhaustive list). Firm ANC Rental Burger King Gateway Insurance Broker (L.L.C) Kobi Karp Architecture & Interior Design Neoris Harris HEICO Location
Fort Lauderdale
Miami Fort Lauderdale Miami Miami Melbourne HEICO Corporation
2 Type of Service Business Services Leisure & Entertainment Insurance Architecture Software & IT services Communication Aerospace Florida, State‐Wide Summary Employment Exports of goods and services, port activity supporting bilateral trade, and inward capital investment from the UAE all benefit Florida employment. The positive employment effects attributable to state exports of manufactured goods to the UAE are the easiest to calculate and the table below summarizes estimated job gains over the 2006 through 2013 period. Direct employment refers to manufacturing jobs at exporters. Indirect employment quantifies the estimated job gains in ancillary sectors such as transportation and input suppliers. Induced employment reflects jobs that are generated by the additional spending of earnings resulting from exports. Most of this spending occurs in sectors, such as restaurants and retail, that are unrelated to the exporting sector. Estimated employment in Top‐10 Mfg. Sectors attributable to exports to the UAE* Direct /Indirect Employment Induced Employment Total Employment Total Employment related to UAE exports, All Sectors* 2006 3,119 1,827 1,064 2,891 2007 2,282 1,448 3,730 4,158 2008 3,307 2,053 5,360 5,996 2009 2,729 1,767 4,496 5,060 2010 3,126 2,018 5,144 5,778 2011 6,611 4,276 10,886 12,289 2012 9,640 6,181 15,821 16,670 2013 12,140 7,684 19,824 20,736 Employment Growth 10,313 6,620 16,933 17,617 * Adjusted based on the share of total state exports to the UAE accounted for by the top‐10 manufacturing sector exports. Note: Due to the large increase in 2011‐13 exports to the UAE of gold, which is not manufactured in the state, the employment numbers estimated for 2011‐13 may be overstated. Sources: Estimated by Capital Trade using USATRADE Online and Bureau of Economic Analysis. Partnerships 
The Florida Institute of Technology and the government of Dubai will conduct research and training to enhance treatment for those affected by autism. 3 Florida – Congressional Districts Associated with Top Exports to the UAE 
Although there is no major automotive production in the state, Florida is a major shipping point for vehicle exports. The UAE is a sizable market for new and used vehicles and cars and trucks accounted for more than 10.6% of Florida’s exports to the UAE during the 2011 to 2013 period. Starting from 2011 Gold exports have showed a tremendous growth reaching $1.3 billion in 2013, Gold exports account for 61.1% out of Florida’s exports to the UAE. 
AutoNation, the country’s largest dealership network, is based in Fort Lauderdale. There are numerous other companies, generally concentrated in South Florida, involved in automotive exports to the UAE identified in PIERS. Main Florida Exports ($ thousands) Year Autos Trucks 1999
1,163
1,412
2000 2,901 11,143 2001
4,203
5,090
2002 5,653 1,380 2003 16,543 66 2004 120,002 0 2005 64,521 0 2006 65,718 1,997 2007 76,427 10,097 2008 139,462 46,041 2009 74,869 5,641 2010 82,687 19,124 2011 115,284 28,311 2012 137,741 32,568 2013 85,531 27,859 
The table below shows that the UAE is a critical market for many of the top products exported from Florida especially computers & gold as both showed a huge increase in 2012. Product Cars Aircraft parts Trucks Perfume Horses Gold Computers Exports to UAE as % of Total State Exports 8.4% 4.1% 2.2% 1.9% 0.3% 61.1% 16.0% 4 
Florida’s exports to the UAE are distributed among many products and companies. However, exporting activity is concentrated in the congressional districts covering the Miami to West Palm Beach section of the southeast coast. Other key Florida products exported to the UAE, such as horses and boats, which are produced more broadly across the state, also transit through the major ports in southeast Florida. Thus, districts 16, 17 and 19‐22 all benefit from exports to the UAE. Miami/Hollywood/West Palm Beach (Districts 16, 17, 19‐22) Florida ‐‐ Key Manufacturers, Products, Locations, and Congressional Districts Company AutoNation Florida Gold Exchange HEICO B/E Aerospace Sikorsky Compuwiz of South Florida Elizabeth Arden RS Trading Product Cars Gold Aircraft parts & engines Portable Computers Perfume/Toilet Water 5 Location Fort Lauderdale Fort Lauderdale Hollywood Wellington West Palm Beach Miami Miami Pembroke Park Districts 20 22 20 16 16, 20, 22 21 21 17 Trends for Major Exported Products from Florida to the UAE
2003
Description
HS
Passenger Vehicles
8703.21 to 8703.24
Aircraft parts
8803
Ac Generator>750Kva
8501.64
Trucks, less than 5 M Ton
8704.31
Cellular & other phones, eqpt
8517.12/62/70
Perfume/Toilet Watr
3303
Turbojet Engines & Parts
8411
Video/television cameras
8525
Horses
0101.10/90
Yachts & other pleasure boats
8903
Computers
8471
Gold Unwrought
7108
Total Exports to UAE
Total Exports to UAE as Percent of All Exports
2004
2005
16,543
5,580
0
66
0
1,488
13,497
2,267
3,592
1,140
4,365
0
135,975
0.5%
120,002
13,172
0
0
0
2,294
20,928
5,816
845
712
3,627
0
255,480
0.9%
64,521
32,169
3
0
0
3,518
46,471
3,047
18,744
5,313
3,319
0
259,896
0.8%
Total Exports to All Other Markets
24,769,154
28,787,274
33,183,994
Total Exports to All Markets
24,905,128
29,042,755
33,443,891
2011
Description
HS
Passenger Vehicles
8703.21 to 8703.24
Aircraft parts
8803, 8800
Ac Generator>750Kva
8501.64
Trucks, less than 5 M Ton
8704.31
Cellular & other phones, eqpt
8517.12/62/70
Perfume/Toilet Watr
3303
Turbojet Engines & Parts
8411
Video/television cameras
8525
Horses
0101.10/90
Yachts & other pleasure boats
8903
Computers
8471
Gold Unwrought
7108
Total Exports to UAE
Total Exports to UAE as Percent of All Exports
Total Exports to All Other Markets
Total Exports to All Markets
115,284
60,578
225
28,311
72,187
21,859
3,803
7,163
8,830
8,757
174,354
347,404
1,176,740
1.8%
63,579,390
64,756,130
Source: Global Trade Information Services and US Census Bureau
2012
2013
$1,000
137,741
85,531
30,857
76,224
21
0
32,568
27,859
101,874
135,787
22,625
31,691
635
4,972
5,406
2,776
5,145
0
19,479
10,248
221,969
250,804
791,526
1,330,000
1,685,628
2,212,842
2.5%
3.7%
64,712,380
58,248,205
66,398,009
60,461,047
2006
$1,000
65,718
30,566
11,060
1,997
0
12,021
17,130
11,505
20,225
5,789
2,311
0
272,799
0.7%
2007
2008
2009
2010
76,427
43,719
19,742
10,097
18,423
13,110
7,699
12,165
7,485
4,970
3,910
0
372,899
0.8%
139,462
32,027
31,036
46,041
33,759
15,338
1,837
14,901
8,575
20,658
6,525
0
552,582
1.0%
74,869
39,447
3
5,641
44,162
9,015
10,091
4,575
13,204
20,407
15,075
1,400
432,936
0.9%
82,687
40,615
0
19,124
62,939
16,585
7,843
5,105
12,875
16,072
30,209
0
501,995
0.9%
38,284,747
44,485,151
53,685,658
46,455,071
54,862,766
38,557,546
44,858,050
54,238,240
46,888,007
55,364,761
2011‐2013
338,556
167,659
246
88,738
309,848
76,175
9,410
15,345
13,975
38,484
647,127
2,468,931
5,075,210
2.6%
186,539,975
191,615,186
Growth
Avg. Growth Rate
Avg. Annual in $1,000
2003‐'09
2009‐'13
2003‐'09
2009‐'13
9,721
2,665
28.6%
3.4%
38.5%
17.9%
5,644
9,194
1
‐1
n/a
‐100.0%
929
5,555
109.7%
49.1%
7,360
22,906
n/a
32.4%
1,255
5,669
35.0%
36.9%
‐568
‐1,280
‐4.7%
‐16.2%
385
‐450
12.4%
‐11.7%
1,602
‐3,301
24.2%
‐100.0%
3,211
‐2,540
61.7%
‐15.8%
1,785
58,932
22.9%
102.0%
233
332,150
n/a
455.2%
49,494
444,977
21.3%
50.4%
0
9.2%
n/a
n/a
3,614,320
2,948,284
11.1%
n/a
3,663,813
3,393,260
11.1%
6.6%
Major Exports to the UAE from Florida 2011‐2013
2011‐13 Exports ($1000)
Product Description
Item
HS Tariff Number
All Commodities
Passenger Vehicles
Aircraft parts
Ac Generator>750Kva
Trucks, less than 5 M Ton
Cellular & other phones, eqpt
Perfume/Toilet Watr
all
8703.21 to 8703.24
8803, 8800
8501.64
8704.31
8517.12/62/70
3303
2011
1,176,740
115,284
60,578
225
28,311
72,187
21,859
2012
1,685,628
137,741
30,857
21
32,568
101,874
22,625
2013
2,212,842
85,531
76,224
0
27,859
135,787
31,691
% State's Total Exports to UAE (2011‐'13)
100.0%
6.7%
3.3%
0.0%
1.7%
6.1%
1.5%
% of State's Exports to All Markets (2011‐'13)
2.6%
7.4%
1.1%
0.3%
20.8%
2.7%
4.9%
Turbojet Engines & Parts
8411
3,803
635
4,972
0.2%
0.5%
Video/television cameras
Horses
Yachts & other pleasure boats
8525
0101.10/90
8903
7,163
8,830
8,757
5,406
5,145
19,479
2,776
0
10,248
0.3%
0.3%
0.8%
0.6%
39.8%
2.0%
Computers
8471
174,354
221,969
250,804
12.8%
7.8%
Gold Unwrought
7108
347,404
791,526
1,330,000
48.6%
12.3%
District
Certainty
20, major ports
High
20
16
Low
High
Congressional Districts of Major Products and Likely Manufacturers
Company Name
Location
no mfg plants in FL, AutoNation, numerous Fort Lauderdale
Passenger Vehicles
other exporters of new & used cars
HEICO
Hollywood
Aircraft parts
B/E Aerospace
Wellington
Selected Products
Ac Generator>750Kva
Siemens Energy
Orlando
24
Low
Trucks, less than 5 M Ton
AutoNation & other car/truck exporters
Fort Lauderdale
20, major ports
High
Harris
Melbourne
15
Low
Nokia Siemens
Boca Raton
19
Low
Southwest Telephone
Naples
25
Low
Elizabeth Arden
Miami
HQ in Illinois, exports from FL
Pembroke Park
West Palm Beach
Jupiter
Melbourne
Fort Lauderdale
statewide
Clearwater
21
Medium
n/a
High
17
16/20/22
23
15
22
statewide
10
High
Medium
Low
Low
Low
High
Low
Cellular & other phones, eqpt
Perfume/Toilet Water
Turbojet Engines & Parts
Video/television cameras
Horses
Yachts & other pleasure boats
Walgreen
RS Trading
Sikorsky
Florida Turbine Technologies
EMX, Inc.
Mace Security
900+ farms
MarineMax
Sources: Global Trade Information Services and US Census Bureau for trade statistics. PIERS, UAE Customs, company research, and web research for
identification of likely exporting companies.
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