UAE Exports Exceed AED 77 billion for the First Time in its History

  • Abu Dhabi, United Arab Emirates
  • 14 January 2021

The data issued by the Federal Center for Competitiveness and Statistics in UAE, showed that the value of exports and re-exports of the United Arab Emirates exceeded the value of its imports in September 2020, reaching 77 billion dirhams, compared to the value of imports in the same month, which touched 66 billion dirhams, for the first time in its history.

Until the third quarter of last year, the UAE trade amounted to 1.032 trillion dirhams, as follows: imports worth 573 billion dirhams, exports worth 192 billion dirhams, and re-exports worth 270 billion, weighing 14 million tons.

Gold came as the most traded commodity with a value of 182 billion, mobile devices second with 106 billion dirhams, cars 46 billion, oil 43 billion, diamonds 36 billion, and jewelry of 33 billion.

In terms of the largest geographical trade blocs with the UAE, the Asian countries came first with a total of 391 billion dirhams, then the European countries with 187 billion dirhams, and the Gulf Cooperation Council countries third with 154 billion, then the African countries with 103 billion, and the other Arab countries 102 billion dirhams, and the American 89 billion, and the oceanic states with a value of 8.2 billion dirhams, and other countries worth 221 million dirhams. As for the largest trading partners with the UAE, China came first with a value of 125 billion, then Saudi Arabia with a value of 91 billion, then India with 70 billion, then the United States of America with 60 billion, then Switzerland with a value of 42 billion.

The UAE occupies a leading position globally and regionally in merchandise trade, as it ranks third in the world in re-exports and first in the Arab world, and in the list of the 20 most important exporting countries globally, and also on the list of the 20 most important countries in global imports, according to reports issued by the Ministry of Economy.

Source (Al Khaleej Newspaper-UAE, Edited)

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