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2/1/2017

UAE General trade volume keeps growing during the first nine months of 2016, despite the decline in the growth rates of the global economy and the increase of the indicators of world trade decline during the year 2016.

The preliminary statistical data of the Federal Customs Authority revealed that UAE General trade volume during the period January to the end of September 2016 amounted to AED 1.172 trillion, compared to 1.170 trillion during the same period of 2016, with 0.1% growth.

H.E. Commissioner Ali Al Kaabi, head of the Federal Customs Authority, said in a press statement yesterday, that the growth of the trade volume of UAE direct non-oil trade, despite the trade decline witnessed by great economies in the world, reflects UAE success in achieving economic diversification, and assure the improvement and competitiveness of national Products  in the global markets.

His Excellency stated that UAE non-oil foreign trade growth reflects the importance of UAE position in the world trade exchange map. and its leadership as a regional Trade center and trade gateway.

His Excellency Al Kaabi added “the non-oil trade activity reflects an improvement in UAE trade balance with many world countries. And  assure traders and investors confidence in UAE economy . The near future holds new investment opportunities in light of the expansion, diversity and innovation policies adopted by the wise leadership.

His Excellency the Commissioner, Chairman of the FCA, said “UAE direct non-oil foreign trade formed 69% of total volume of general trade , valued 813.7 billion dirhams . the share of free zone trade was 31% valued 358 billion dirhams.

His Excellency the Commissioner, Chairman of the FCA, noted that the preliminary statistical data of general trade volume revealed an increase in imports by 1% during the 9 months of 2016, and a significant increase in exports by 6%, which reflect rise of the demand of national products.

His Excellency said that the results of the UAE policy to support productive and industrial sectors began to show its fruits in light of the economic diversification policy adopted by the wise leadership. Al Kaabi expected that the coming years will witness a great expansion of the national products inside and outside the UAE in light of the new Federal Government strategy for the UAE in the post-oil stage.

 His Excellency Al Kaabi added: “ The strategy of our wise leadership  to diverse income resources and their attention to productivity sectors, constitute an added value to the economy namely trade & industry . the coming stage of performance aims to the improvement of methods of  control  and inspection in customs ports, using  advance instruments and simplified procedures, to support trade and increase trade exchange rates with the whole world .

Imports

FCA preliminary data indicated that the share of imports of the UAE total non-oil trade amounted to AED 721.2 billion during the first nine months of 2016, compared to AED 713.1 billion during the same period of the previous year recording a rise of 1%.

The native gold and semi-processed gold came on top of the imported goods during the first nine months of 2016, recording AED 89.6 billion with a share value of 12% of the total non-oil imports.

Mobile phones came in the second place on the list of imports with a value of AED 65.7 billion at 9%, Motor cars with value reached 38.6 i.e. 5.3% , then non-composite diamond with a value of 35.4 AED billion dirhams, i.e. 5%, followed by Petroleum oils recording AED 26.4 billion with 4% of the total non-oil imports during the said period.

Exports

 The FCA stated that UAE export grew by 6% during the first nine months of 2016 as it reached AED 149.1 billion compared to AED 140.5 billion during the same period of the previous year.

Gold exports came on top at a value of AED 43.3 billion, representing 29% of the UAE total non-oil exports, followed by the raw aluminum with a value of AED 14.1 billion with 9.5%, then ornaments and jewelry with a value of AED 13.6 billion, i.e. 9%, , then ethylene polymers in primary forms with a value of AED 9.5 billion dirhams forming 6%, and finally cigarettes & Cigars with a value of 6.6 billion dirhams representing 4% of the UAE total non-oil exports during the said period.

Re-Exports

FCA preliminary data indicated that Re-Exports value  recorded AED 301.4 billion during the first nine months of 2016. Mobile Phones came first as the best re-exported commodity during the first nine months of 2016 at a value of AED 48.1 billion dirhams representing 16% of the total re-exports, then came non-composite diamond of AED 37.3 billion dirhams representing 12% of the total re-exports, followed by ornaments and jewelry with AED 23.5 billion with 8%, Motor Cars with a value of AED 17.6 billion with 6%, and Automatic data processing machines with a value of AED 12.6 billion forming 4% of the total re-exports during the said period.

UAE total non-oil trade volume reaches in terms of weight during the first nine months of 2016 approximately 176.7 million tons, 77.7 million tons of which were imports, and 84.7 million tons of exports, and 14.3 million tons of re-exports.

 Trading partners

As regarding  UAE trading partners map, FCA pointed out, in its statement, that the regional structure of the UAE trading partners in the field of non-oil trade was stable in terms of regions shares during the first nine months of 2016, so Asia, Australia and the Pacific region maintained the first rank on top of the non-oil trade partners with a share of AED 465.7 billion equivalent to 42% of the UAE total non-oil trade.

 The European region came second in the list of the UAE trading partners with a share of AED 250.4  billion representing 23% of the total, followed by the Middle East and North Africa Region with AED 213.9 billion with 19%, and the American and Caribbean Region with AED 105.8 billion with 10% of the total, and West and Central Africa with AED 35.9 billion at 3.2%, and finally the Eastern and Southern Africa with AED 35.8 billion, representing 3% of the UAE total non-oil trade during the said period.

 GCC Countries

With regard to the UAE non-oil trade with the GCC countries, the FCA stated that the share of the UAE non-oil trade with the GCC countries during the first nine months of 2016 constitute 11% of the total non-oil trade with the world, amounting to AED 126.1 billion.

The Kingdom of Saudi Arabia came on top of the Gulf countries in terms of the value of the UAE non-oil trade with a value of AED 54.8 billion with 43% of the total non-oil trade with the GCC countries, followed by Oman with a value of AED 23.6 billion with 19%, Kuwait with AED 18.8 billion at 15%, Qatar with AED 16.4 billion with 13%, and finally the Kingdom of Bahrain with a value of AED 12.5 billion representing 10% of the total non-oil trade with the GCC countries.

Arab Countries

In terms of trade with the Arab countries during the first nine months of 2016, the FCA preliminary data showed that the UAE total non-oil trade with the Arab states constitutes 19% of total non-oil trade of the country with the world, with a value of AED 218.3 billion.

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