The United Arab Emirate is a melting pot of various interesting economic activities from tourism to oil production and plenty of other services in between. This country was once, not so very long ago, considered a backwater by many who have now become key allies in trade and commerce with them. The secret to the UAE’s success in the region and globally has been diversification in their economic endeavors so that they are not wholly reliant on just one aspect of their natural endowments.
The UAE is a major trading partner with the USA in the Middle East region because of its history of stability and economic development. The trade between the two countries has been lucrative with exports from the US to the United Arab Emirates reaching over 22 billion. As trusting trading partners the two countries have found themselves also taking other partnership steps in military support and infrastructure growth in the region.
In 2018, the Kingdom of Saudi Arabia was the 28th biggest export destination for the United States with $22.4 billion in goods and services. According to the United States Trade Representative Office, the Saudis were the US’s 22nd largest trading partner in 2018 and the Department of Commerce says that exportation of goods and services to Saudi Arabia supports over 160 thousand jobs. The top exports to the Saudi Arabian market from the US include vehicles, machinery and equipment, weapons and ammunition and foodstuff.
The Philippines is strategically placed in the South China sea and the Pacific to make it a strategic trade partner with the United States. Apart from trade relations the two countries enjoy excellent military partnerships with the US setting up Naval bases in Subic and other places in the past and currently. The United States considers the Philippines a strong Non NATO ally and there are an estimated four million citizens of America with Philippine ancestry and over 200,000 US citizens in the Philippines.
The United States is the chief trading partner to the Honduras republic. Their bilateral trade relations have been mutually beneficial to both countries with the US exporting $5 billion worth of goods to Honduras and the Honduras exporting $4.6 billion to the United States. Both countries also enjoy military collaborations with the US having a military joint task force headquartered at the Santo Cano Air Base. The United States heavily invests in manufacturing, infrastructure construction, textiles, and general commerce to the tune of over $1 billion.
Saudi Arabia is home to the Muslim world’s holiest cities and also some of the world’s most extensive oil reserves. It remains one of the foremost powerful countries in the Middle East by virtue of controlling vast oil fields, having the most land mass in the Arabian Peninsula, and having considerable military might compared to other countries in the region. Unlike the United Arab Emirates that has diversified their economy to rely less on their oil reserves Saudi Arabia focuses most of its energy on very specific exports including:
The main trade partners of the Philippines include China, Japan, the United States, Singapore and Hong Kong. The Philippines is the world 36th largest economy and the thirteenth largest economy in Asia. This newly industrialized country is mainly dependent on agriculture, service and manufacturing for its GDP. With excellent trade route in the Pacific Ocean these are some of the country’s main exports and imports. Philippines´ Main Exports Coconut oil In 2018, coconut oil from the Philippines dominated the export market with 1.
Bordering Oman and Saudi Arabia, the United Arab Emirates has become a beacon of development and trade in the Arabian Peninsula. It shares maritime waters with Qatar and Iran to the West and North respectively. The United Arab Emirates is comprised of seven states that include Abu Dhabi, Dubai, Sharjah, Ajman, Ras al Khaimah, Fujairah and Umm al Quwain. The country is along the northern side of the Strait of Hormuz, which makes it a strategic country for seaborne container movement and trade.
The Philippines is another archipelagic nation teeming with ports that make it possible for her to conduct both regional and international trade. Her ports total 429 in number including international gateways to the pacific trade routes and inter-island ports that make it possible for locals to move from one island to another comfortably. With 7,461 island to move through across three geographical regions namely Visayas, Mindanao and Luzon, the country has clear need for a well established port system .
Honduras is in Central America and is well known for its natural resources from coffee to minerals and a growing textiles industry. It sits nestled between El Salvador, Guatemala and Nicaragua and has both the Pacific and Caribbean Sea coastlines on the north and south of it respectively. Honduras has commercial cities which are the capital Tegucicalpa and San Pedro Sula. Both are hubs of industry and commerce that drive the economy of the country.