FCA - UAE,Federal Customs Authority -United Arab Emirates

FCA - UAE,Federal Customs Authority -United Arab Emirates

UAE Non-Oil General Trade Volume Recorded AED 1.612 Trillion in 2017
4/18/2018

UAE General Trade volume keeps growing during the year 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 year 2017 amounted to AED 1.612 trillion, compared to 1.599 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 in 2017 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 67% of total volume of general trade, valued AED 1.075 trillion, while the share of free zone trade was 31% valued AED 497 billion, and the value of trade from customs warehouses is AED 39.4 billion.

The total weight of the country's non-oil foreign trade during the year was 220.3 million tons, of which 106.2 million tons were imports, 96 million were export weights and 18.4 million tons were re-exports.

 

FCA preliminary data indicated that the share of imports of the UAE total non-oil general trade during the year witnessed a decline of 2% compared to the previous year. While the value of re-exports increased by 11% during the year. The value of re-exports increased from AED 400.4 billion in 2016 to AED 443.1 billion in 2017. Exports reached AED 189.8 billion during the previous year. Reflecting the improvement in the country's trade balance and its ability to strengthen its position in global re-export markets.

 

Regional Trade Portal

HE Ali Al Kaabi added that the growth rates achieved in the country's foreign trade during 2017 underline the importance of the UAE as a major regional and international trade gateway. He pointed out that the development of infrastructure and logistics services in the field of communications, hotels, land, air, and sea has contributed to the development of trade movement significantly during the past year.

In this regard, HE Ali Al Kaabi praised the efforts exerted by customs personnel and local authorities in the field of customs clearance, shortening the average time for the release of goods and commodities to only 15 minutes, under the advanced methods of inspection, and scanning by the local customs administrations.

 

GCC Countries

HE Ali Al-Kaabi said that the GCC countries are a trading partner of the UAE, pointing out that the share of these countries in the total trade of the country amounted to 10% during 2017

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 in 2017 constitute of the total non-oil trade with the world, amounting to AED 167.2 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 79.2 billion with 47% of the total non-oil trade with the GCC countries, followed by Oman with a value of AED 36 billion with 21%, and Kuwait with AED 25.4 billion at 15%, of the total non-oil trade with the GCC countries.

HE Ali Al Kaabi highlighted the position of the developed Arab countries in the map of the UAE's non-oil foreign trade. He pointed out that the Arab countries share in 2017 amounted to 18% of the total non-oil trade in the UAE.

Arab countries also represents a major country of destination for UAE exports as well as re-exports.

The value of the country's trade with the Arab countries reached 287 billion dirhams during the year, of which 83.2 billion dirhams were the value of imports, 65.7 billion dirhams were the value of exports, while the value of re-exports amounted to 138 billion dirhams .

 

Best products and goods

Concerning the best commodities handled during the year, the preliminary statistics of the Federal Customs Authority revealed that native and semi-procced gold came on top of the imported goods with 13% of with AED 124.2 billion,

Followed by telephone equipment with AED 111.3 billion and 11%, cars with AED 58 billion and 6%, non-compounded diamonds amounted AED 51.3 billion and 5% and Petroleum oils and oils obtained from bituminous minerals amounted AED 35.7 billion and 4% of total imports.

Gold exports came on top at a value of AED 51.4 billion, representing 27% of the UAE total exports, followed by the raw aluminum with a value of AED 20.1 billion with 11%,, then ornaments and jewelry with a value of AED 16.5 billion, i.e. 9%, cigarettes & Cigars with a value of 11.5 billion dirhams representing 5% then, ethylene polymers in primary forms with a value of AED 9.1 billion dirhams forming 5%.

 

Telephone equipment ranked first as the best commodity re-exported from the UAE in 2017 with a value of AED 74 billion and 17% of total re-exports. Followed by non-composite diamonds valued at AED 53.5 billion at 12%, followed by vehicles valued at AED 37.4 billion (8%), precious metal jewelry and jewelry (AED 37.4 billion equivalent to 8%. Then Automatic data processing machines and units thereof valued at AED 14.6 billion, 3% of the total re-export machines.

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