FCA - UAE,Federal Customs Authority -United Arab Emirates

FCA - UAE,Federal Customs Authority -United Arab Emirates

UAE Non-Oil Foreign Trade Volume Recorded AED 1.17 Trillion in the First 9 Months of 2017
1/31/2018

UAE General Trade volume keeps growing during the first 9 months of 2017, despite the decline in the growth rates of the global economy during the year 2017.

The preliminary statistical data of the Federal Customs Authority revealed that UAE General Trade volume during the period January to the end of September 2017 amounted to AED 1.17 trillion, compared to 1.16 trillion during the same period of 2016, with 1% growth.

H.E. Commissioner Ali Al Kaabi, head of the Federal Customs Authority, said in a press statement yesterday, 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.

UAE direct non-oil foreign trade formed 68% of total volume of general trade, valued AED 800.6 billion. The share of free zone trade was 32% valued AED 371.5 billion.

Imports

FCA preliminary data indicated that the share of imports of the UAE total non-oil general trade amounted to AED 708.2 billion during the first 9 months of 2017.

The native gold and semi-processed gold came on top of the imported goods during the first 9 months of 2017, recording AED 98 billion with a share value of 14% of the total non-oil imports.

Mobile phones came in the second place on the list of imports with a value of AED 66 billion at 9%, Motor cars with value reached 37.5i.e. 5.3% of the total non-oil imports during the said period.

Exports

 The FCA stated that UAE export reached AED 139.1 billion during the first 9 months of 2017.

Gold exports came on top at a value of AED 41.2 billion, representing 30% of the UAE total non-oil exports, followed by ornaments and jewelry with a value of AED 13 billion, i.e. 9.3%, then, the raw aluminum with a value of AED 12.8 billion with 9%, then ethylene polymers in primary forms with a value of AED 7 billion dirhams forming 5%, and finally cigarettes & Cigars with a value of 6.5 billion dirhams representing 4.7% of the UAE total non-oil exports during the period.

Re-Exports

FCA preliminary data indicated that Re-Exports value recorded AED 325 billion during the first 9 months of 2017. Mobile Phones came first as the best re-exported commodity during the period at a value of AED 56.6 billion representing 17% of the total re-exports, then came non-composite diamond of AED 38 billion dirhams representing 12% of the total re-exports, followed by Motor Cars with a value of AED 28.6 billion with 9%, then, ornaments and jewelry with AED 21.6 billion with 7%, of the total re-exports during the said period.

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 general trade was stable in terms of regions shares during the first 9 months of 2017, so Asia, Australia and the Pacific region maintained the first rank on top of the non-oil trade partners with a share of AED 470.4 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 244.3 billion representing 22% of the total, followed by the Middle East and North Africa Region with AED 217 billion with 20%, and the American and Caribbean Region with AED 105 billion with 9% of the total, and the Eastern and Southern Africa with AED 41 billion, representing 4%, and finally West and Central Africa with AED 34.4 billion at 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 general trade with the GCC countries during the first 9 months of 2017 constitute 11% of the total non-oil trade with the world, amounting to AED 127 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 58 billion with 46% of the total non-oil trade with the GCC countries, followed by Oman with a value of AED 23.7 billion with 19%, and Kuwait with AED 21.5 billion at 17%, of the total non-oil trade with the GCC countries.

Arab Countries

In terms of trade with the Arab countries during the first 9 months of 2017, 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 221.2 billion.

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