FCA - UAE,Federal Customs Authority -United Arab Emirates

FCA - UAE,Federal Customs Authority -United Arab Emirates

UAE Non-Oil Foreign Trade Volume Recorded AED 784 billion during the first half of this year
11/12/2018
The preliminary statistical data of the Federal Customs Authority revealed that UAE General Trade volume of non-oil trade (direct trade, trade of free zones and customs warehouses) during the first half of this year amounted to AED 784.2 billion.

H.E. Commissioner Ali Al Kaabi, head of the Federal Customs Authority, said that UAE non-oil foreign trade growth reflects the pivotal role played by the customs sector in supporting the country's security, trade, and economic system and providing citizens and residents with goods and commodities throughout the year.

Federal Customs Authority, stated in a press release yesterday, that the value of imports of the country during the first six months of this year reached 462.9 million dirhams, FCA revealed that native and semi-procced gold came on top of the imported goods with 12% of with AED 57 billion, followed by telephone equipment with AED 37  billion and 8%, cars with AED 28.9 billion and 6%, then ornaments and jewelry with a value of AED 25.1 billion of growth 5.4, followed by non-compounded diamonds amounted AED 21.4 billion of 4.6%.

The value of UAE exports reached 89.1 billion dirhams, pointing out that gold was at the came on top of these exports at a value of AED 21.5 billion, representing 24% of the UAE total exports, followed by the raw aluminum with a value of AED 8.9  billion with 10%, then cigarettes & Cigars with a value of 5.5 billion dirhams representing 6.2% then ornaments and jewelry with a value of AED 5 billion of 5.6%. then comes the ethylene polymers in primary forms with a value of AED 3.7 billion dirhams forming 4% of total exports.

 

Re-export

The UAE's non-oil trade witnessed a significant growth in the value of re-exports of 6.7% to reach AED 232.2 billion during the period, reflecting the high competitive advantage of the UAE product and increasing the country's position globally in the field of re-export of goods and products.

The preliminary statistical data of the Federal Customs Authority revealed that telephone equipment ranked first in the first six months of 2018 at AED 42.6 billion of 18% of total exports , followed by non-compounded diamonds amounted AED 25.6 billion of 11%, then ornaments and jewelry with a value of AED 21.9billion of 9%, cars with AED 18.2  billion and 8%, air vehicle parts valued at AED 9 billion of 4% of the total re-exports during the mentioned period.

 

Trading partners

This comes at a time when the UAE has maintained its business relations with its strategic partners, and the structure of trading partners has not changed significantly during the first half of 2018.

The Asia and the Pacific region ranked first in terms of trade partners accounting for 41% of the total non-oil trade in the UAE with a value of AED 305.5 billion, while Europe came second with AED 169 billion, representing 23% of total. Followed by the Middle East and North Africa (MENA) region with a value of AED 138.6 billion, 19% , and the US and Caribbean region at AED 67.3 billion, equivalent to 9% of total, and East and Southern Africa at AED 28.9 billion of 3.9% , and West and Central Africa at a total value of AED 27.8 billion, and finally West and Central Africa with a share of AED 27.8 billion of 3.8%.

 

GCC

In terms of trade with the GCC countries, the Authority revealed that the volume of non-oil trade between the GCC countries amounted to 11% of total non-oil trade during the first half of this year, with AED 88.4 billion , of which AED 28 billion are imports, AED 20.9 billion are exports and AED 39.5 billion are re-exports.

 

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