UAE's non-oil trade reaches Dh 927.7 bn during 2011

May 20, 2012 12:00 AM

The non-oil foreign trade sector in UAE surged to around Dh 1 tn during 2011, according to recent figures released by the Federal Customs Authority (FCA). With a year-on-year growth rate of 23 %, the UAE's non-oil trade in 2011 increased by Dh 173.4 bn, up from Dh 754.3 bn in 2010 to Dh 927.7 bn in 2011, FCA said.
FCA said the growth curve reflects a systematic monthly rate fluctuating between 20 % and 23 % manifesting an annual growth rate of 23 % is neither "which is neither an accidental nor contingent result but the fruit of the successful policies followed by the government".

"Ten countries dominate around 61 % of the total value of the imports of UAE. The total value of UAE imports was about Dh 369.6 bn in 2011. India comes on the top of these countries with an import volume of Dh 105 bn, followed by China with Dh 55 bn, USA with Dh 52.3 bn, Germany with Dh 30.7 bn and Japan with Dh 30 bn," FCA said.
Ten countries receive around 69 % of the UAE's exports which totalled Dh 78.3 bn. India came in the first place, followed by Switzerland and Saudi Arabia.

The total value of non-oil trade between the UAE and GCC amounted to Dh 63.2 bn in 2011, with Dh 27.8 bn worth of imports, Dh 13.2 bn worth of exports and Dh 22.1 bn of re-exports.
Saudi Arabia, in terms of non-oil trade with the UAE, topped the list of GCC States by Dh 26.7 bn, followed by Kuwait Dh 11.3 bn, Oman Dh 8.8 bn, Bahrain Dh 8.7 bn and Qatar with Dh 7.7 bn.

"The UAE's total foreign trade with Arab countries in terms of value amounted to Dh 116.4 bn in 2011 with Dh 54.6 bn worth of imports, Dh 21.9 bn worth of exports and Dh 40 bn of re-exports."
Saudi Arabia topped the list of Arab states in terms of non-oil trade with the UAE in 2011, followed by Sudan, Iraq, Oman, Morocco, Kuwait, Bahrain, Libya, Egypt, Qatar, Lebanon, Jordan, Yemen, Algeria, Syria, Mauritania, Somalia, Tunisia, Palestine, Djibouti and Comoros.

The preliminary statistical data of 2011 showed that gold ranked first among imports with a value of Dh 99.9 bn, followed by diamond with Dh 59.3 bn, cars with Dh 28 bn, ornaments and jewellery with Dh 23.3 bn, and telephone sets with Dh 7.3 bn, tractors accessories, private cars, coaches and vans with Dh 7.2 bn.
Gold, according to FCA, also came first among exports in 2011 with Dh 62 bn, followed by fire-fighting, guiding equipment and ships with Dh 4.3 bn, petroleum oils and other derivatives with Dh 3.8 bn, un-fabricated aluminum with Dh 2.1 bn and ornaments and jewellery with Dh 2 bn.

On the level of re-exports, diamond came first with a total value of Dh 62.8 bn, followed by ornaments and jewellery and related parts Dh 18 bn, cars Dh 12.7 bn and telephones sets Dh 10.4 bn.
The total trade volume of UAE free zones and markets in 2011 amounted to Dh 15.8 bn with Dh 7.6 bn worth of imports, Dh 2.8 bn worth of exports and Dh 40 bn of re-exports.

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