Special Features
Dubai automotive spare parts trade worth Dhs37bn
Dubai succeeded in attracting auto spare parts trade to become a regional and international hub for such trade by virtue of the major facilitations delivered to dealers and investors at all Dubai`s customs ports together with the logistic services that support auto spare parts at storage and transport operations level. The statistics produced by Dubai Customs in conjunction with Automechanika Exhibition being hosted by Dubai from 11 to 13 June, showed that Dubai’s auto spare parts foreign trade worth Dhs37bn in 2012 with an increase of Dhs8bn as compared to Dhs29bn in 2009.The auto spare parts continued to rise reaching Dhs32bn in 2010 and Dhs36bn in 2011.
The export and re-export activities take up the major share of Dubai`s auto spare parts and accessories in foreign trade. The re-exportations to foreign markets from a total of imports worth Dhs22bn in 2012, were in the value of Dhs15bn representing about 68% of the total imports.
Japan is deemed to be Dubai`s top trade partner in respect to auto spare parts and accessories claiming 28% of imports market share with a value of Dhs6.1bn, followed by China with a share of 13% equivalent to Dhs2.8bn, then South Korea having a share of 11% in the value of Dhs2.3bn.
These make the share of the three major Dubai`s partners reaching 51% of the total imports. At the export and re-export level, Saudi Arabia topped the list with a share amounting to 11% equivalent to Dhs1.6bn, followed by Afghanistan in the second place with a share of 5% worth Dhs800m, then Sultanate of Oman having a share of 4% representing a value of Dhs700m.
These make the share of Dubai`s export and re-export three major partners accounting for 20%. The statistics show that Dubai plays a key role in linking between countries of exportation and importation of auto spare parts and accessories together with the significance of UAE markets for auto spare parts, which import the greater percentage of their imports via Dubai.
Dubai succeeded in developing such trade through the advanced infrastructure and delivery of all facilitations as to make it successful. Free Zones and Industrial Areas within Dubai play a key role in the growth of auto spare parts and accessories through providing world-class store and logistic services in which Dubai stands alone to provide them at the regional level.
