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Market Audit and Economic Analysis

12 Feb 2008 05:54 PM Author

Sally Ahmed

International trade statistics

Major exports:
Oil, natural gas, Manufactured goods, fuels, chemicals; food, beverages, tobacco
1. Dollar value
  468.8 billion (2006) (1)
2. Trends
  Oil Production: 2.075 m bbl/day (2004)
  Oil Consumption: 1.827 m bbl/day (2004)
  Oil exports: 1.956 bbl/day (2004)
  
  gas Production:95.97 billion cu m (2004)
  gas Consumption: 98.47 billion cu m (2004)
  gas exports: 9.8 billion cu m (2004) (1)
Major imports
manufactured goods, machinery, fuels; foodstuffs
1. Dollar value
  $ 603 billion (2006) (1)
2. Trends
  Oil Imports: 1.654 bbl/day (2004)
  gas Imports: 12.3 billion cu m (2004) (1)
Balance-of-payments situation
1. Surplus or deficit
  $-71.1 billion (2004) (4)
Exchange rates
1. Single or multiple exchange rates
  0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
2. Current rate of exchange
  British pounds per US dollar - 0.5418 (2006) (1)

Trade restrictions

Embargoes
Economic freedom 3.15% (3)
European Union: liberal foreign trade policy (4)
Import Taxes
Goods and services 32.7%
Property: 11.9%
Worker: 29.7% (3)
Consumer expenditure VAT 17.5% (19)
Licensing
12,781 (18)
Customs duties
European Union Free circulation
Non European: 4.2% on general
Textile, clothing, food processing: 17.3% (4)
Motor fuel, alcohol, tobacco, betting and vehicles (1)

Extent of economic activity not included in cash income activities

Counter trades
1. Products generally offered for counter trading
  Arms, plans
2. Types of counter trades requests (i.e. barter, counter purchase, etc.)
  Barter
Foreign aid received
None, ODA, $10.7 billion (2005) (1)

Labor force