Special Features
UAE’s Non-Oil Trade Up 7% To Dh 56 bn In April
The UAE’s non-oil foreign trade grew by 7 percent by the end of April 2010 to Dh 56.04 billion as compared to Dh 52.34 billion, preliminary statistics released by the Federal Customs Authority (FCA) showed."Non-oil exports saw a 42 per cent rise to Dh 6.45 billion in April 2010 from Dh 4.55 billion in same month last year. Re-exports surged 12 per cent to Dh 12.31 billion from Dh 10.95 billion while imports rose slightly by 1 per cent to Dh 37.3 billion from Dh 36.84 billion for the same period under review, a FCA press release said.
The growth rate in the non-oil exports and re-exports against that of imports in April 2010 underpinned the positive impact of the economic policy the UAE leadership is adopting amid the international financial crisis that has been hitting the world since 2008," the release noted.
The growth indicators showed the continued improvement in the UAE balance of trade with its trade partners which confirms the increasing competitiveness of UAE exports in world markets despite the fall out of the crisis on world economies.
As for the geographical distribution of the country’s non-oil foreign trade during the research period, the press release said India, USA, China, Japan, Germany, UK, Italy, Saudi Arabia, Turkey and South Korea respectively topped the list of exporting countries with a total value of Dh 22.9 billion, or 62 per cent of the UAE’s total imports.
On the list of importers, the key importers were: India, Switzerland, Saudi Arabia, Oman, Iraq, Iran, Qatar, Kuwait, Iran and Yemen at a value of Dh 4.8 billion representing 74 percent of the total for the same period.
In the field of re-exports, India, Iran, Iraq, Hong Kong, Saudi Arabia, Afghanistan, Belgium, Bahrain, Qatar, Belgium, and Kuwait were the top re-export partners at Dh 8.67 billion or 70 percent of re-export total value.
The Emirates of Abu Dhabi, Dubai and Sharjah dominated 98 percent of the UAE’s total non-oil trade in April 2010.
The share of the Emirate of Abu Dhabi, Dubai and Sharjah in the non-oil foreign trade reached Dh 9.1 bn, Dh 44.2 bn and Dh 1.6 bn respectively. Ajman, Ras Al Khaimah, Fujairah and Umm Al Qaiwain had the share of Dh 402 mn, Dh 508 mn, Dh 216 mn and Dh 30.4 mn respectively.
