Record Growth in the US Exports to Middle East Results in Record Growth for MyUS.com
MyUS.com, the leader in international package forwarding and shipping, has experienced triple digit growth in Saudi Arabia over the first quarter of 2011 as US exports into the Middle East reached a record $68 Billion USD in 2010.
Consumers in Saudi Arabia, UAE, and Egypt have fueled growth for MyUS.com, buying goods from electronics, home goods, and clothing and apparel from popular US sites including Polo, Amazon, and Best Buy. As demand for these goods has skyrocketed, MyUS.com has seen increased demand for its services to deliver goods into the region as well.
According to Rick Coleman, CFO for MyUS.com, “shipments of packages into the region are up over 77% year to date, and revenue for the same period is up over 110%.” According to new research conducted by the National US-Arab chamber of Commerce (NUSACC), the next three years hold even more promise with total market demand in the Arab world is expected to reach 1 trillion by 2013.