FCA - UAE,Federal Customs Authority -United Arab Emirates

FCA - UAE,Federal Customs Authority -United Arab Emirates

 UAE non-oil trade amounted Dhs. 1.628 Trillion in 2018
5/28/2019
The initial statistical data of the Federal Customs Authority indicated that the total non-oil foreign trade of the UAE (direct trade, free zone trade and customs warehouses) amounted to 1.628 Trillion Dhs in 2018. 

In a press release the Authority stated that the direct non-oil foreign trade accounted for 63% of the total non-oil foreign trade of UAE in the last year, amounted to Dhs. 1.025 Trillion while the non-oil foreign trade of the free zones in the states amounted to 36% for a total value of Dhs. 592.4 Billion followed by Dhs. 11 billion at the rate of 1% for the customs warehouses.

His Excellency Ali Saeed Matar Al Neyadi Customs Commissioner and Chairman of the Authority, said that the UAE Non-oil Foreign Trade witnessed positive and significant developments in the said year, most important of which is the continuation of growth and stability in UAE Foreign Trade with the rest of the world which enhanced the UAE position as strategic, commercial gate for the states in the region.

His Excellency stated that the value of imports suffered a remarkable regress during the year at the rate of 4.2% to reach Dhs. 938 billion compared to Dhs 979 billion in the last year. At the same time the growth continued in the export business at the rate of 1.8% during the year in which the re-export value reached Dhs. 478.4 compared to Dhs. 470.1 Billion last year. This refluxed the national economy ability to achieve a remarkable improvement in the trade balance with the International Economic Groups and Regions.

His Excellency drew the attention to the UAE Non-oil Foreign Trade which witnessed a huge development with the Arab States in the last year. The share of the Arab States in the UAE total    Non-oil Foreign Trade increased in average from 19% in the previous year to 21% during the last year, indicating that the value of trade exchange with such states increased to Dhs. 341.2 billion, and the value of imports amounted to Dhs. 77.3 billion and the exports amounted to Dhs. 93.8 billion while the value of the re-export amounted to Dhs 170.1 billion which means that there is huge surplus in the trade balance of UAE with the Arab States.

His Excellency Chairman of the Authority stated that the UAE national Industry managed to consolidate its position at the International market during the year, especially in the field of gold and aluminum trade. He explained that the value of the UAE export of raw and half finished gold increased to Dhs. 53.4 billion during the year while the export of raw aluminum amounted to Dhs. 18.6 billion.


GCC States

As to the UAE Trade with the GCC states the Authority statistical data indicated that the UAE has achieved a significant surplus in the trade balance with the GCC States, during the year owing to the increase of the value of exports and re-export by UAE to such states compared to their imports to UAE.

The Authority stated that the share of the GCC States in the total UAE Non-oil Foreign Trade has increased to 14% of the total Non-oil Trade of UAE in 2018 for the value of Dhs. 220.9 billion. Out of such amount Dhs. 56.5 billion represented the value of imports, Dhs. 65.8 billion as value of export while the value of re-export reached Dhs. 98.6 billion.

The Authority stated that the UAE trade with the Kingdom of Saudi Arabia amounted  to Dhs. 107.4 billion in 2018, which enabled the Kingdom to acquire, almost half of the UAE trade with the GCC States (49%), followed by Sultanate of Oman  for the value of Dhs. 46 billion at the rate of 21%, then Kuwait for Dhs. 39.2 billion at rate of 18% and Kingdom of Bahrain at the rate of 13% for a total value of Dhs. 28.3 billions.


Trade Partners

His Excellency Ali Saeed Al Neyadi, said that the map of UAE Non-oil foreign trade with the International economic regions remained stable during the last year as used to be, maintaining balanced trade relationship with the trade and strategic partners.

In this respect the initial statistics of the Authority indicate that Asia and Pacific Ocean region came on the top of the Trade Partners' List in 2018, acquiring 39.3% of the UAE total Non-oil trade with the countries of the world by a share equal to Dhs. 603.2 billion while Europe has occupied the second place with a share equal to Dhs. 344.4 billion at the rate of 22.4% in general.

The value of the Share of the Middle East and North Africa increased to Dhs. 332.1 billion at the rate of 21.6%, America and Caribbean for the value of Dhs. 136.5 billion equal to 8.9% of the total, East and North Africa for the value of Dhs. 64.9 billion at the rate of 4.2% while West and Central Africa accounted for 54.8 billion equal to 3.6%.

 

The Best Imports and Exports

On the other hand the Authority mentioned in its statement that the value of UAE non-oil imports during 2018 amounted to Dhs. 938 billion indicating that the import of raw and half finished gold occupied the first place, among the best imported commodities for the value of Dhs. 111 billion representing 12% of the UAE total imports value during the year. The telephone equipments came in the second place for Dhs. 73.7 billion representing 8%, the automobile imports for the value of Dhs. 57 billion at the rate of 6%, petroleum oils for Dhs. 52.6 billion at the rate of 5.6%, then the gold and jewelry for the value of 50.4 billion equal to 5.4% of the UAE total imports.

The Authority said that the value of the UAE non-oil exports amounted to Dhs. 212 billion where the gold exports came in the first place for Dhs. 53.4 billion equal to 25% of the UAE non-oil exports during the year, followed by raw aluminum for Dhs. 18.6 billion at the rate of 9%, Cigarettes for Dhs. 12 billion at the rate 5.6%, gold and jewelry for Dhs. 10.4 billion at the rate of 5% and copper wires for the value of Dhs. 9.2 billion equal to 4.3% of the total value of exports during the year.


Re-Export Trade

According to the statistical data of the Authority regarding the re-export trade the telephone sets came in the first place as the best re-export commodity of UAE in 2018 for the value of Dhs. 86 billion, at the rate of 18% of the total re-export, followed by the non-composite Diamonds for the value of Dhs. 50.3 billion with a contribution rate of 10.5%, followed by gold and Jewelry for Dhs.7.6 billion equal to 10%, cars for Dhs. 39.7 billion at the rate of 8%, information self processing machines and their units for the value of Dhs.17.6 billion  equal to 4% of the total re-export during the year.​ 

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