UAE non-oil foreign trade increased to Dh 78.3 b in last January

posted on 19/09/2012: 566 views

The total non-oil foreign trade of the UAE during the month of January 2012 was Dh 78.3 billion as compared to Dh 72.3 billion of the same period last year showing an increase of six billion dirhams and a growth rate of eight per cent.

The UAE non-oil exports increased by Dh 2.7 billion from Dh 7.8 billion in January 2011 to Dh 10.1 billion in January 2012, growing by 30% in spite of the unfavourable political and economic circumstances in the region and the world, the primary statistics of the Federal Customs Agency (FCA) revealed.

In the same month, imports increased by 11% only, raising the UAE non-oil imports from Dh 46.8 billion in January 2011 to Dh 52.1 billion in January 2012. The re-exports slightly declined by Dh 1.4 billion to reach Dh 16.2 billion in the same month last year.

The increasing growth of the UAE non-oil exports reflects better quality and more competitiveness in the UAE national product at the international markets. This growth is an indicator of increasing confidence in the UAE product in such markets. The application of modern technology systems in companies, the producers' compliance with the world quality standards and specifications and the policies and incentives adopted by the good government enhanced quality and competitiveness of the UAE product, the FCA said.

The growth in the UAE non-oil exports at these rates in the light of declining rates of imports will improve the trade deficit between the UAE and the external world, optimising the ability of the national economy.

The total foreign non-oil trade of the UAE climbed up to Dh 78.3 billion in January 2012 compared to Dh 72.3 billion in January 2011 Dh 72.3 b in January 2011, with an increase of Dh 6 billion by 8%.

In terms of weight, the FCA indicated, the total foreign trade of the UAE hit about 9 million tons, including 5 million tons of imports, 3.2 million tons of exports and 868 thousand tons of re-exports. The daily average weights of the customs consignments processed by the different customs outlets (exports, imports and re-exports) reached 38 thousand tons over the day on the basis of official working hours (8 hours, five days a week), with an average of 5 thousand tons per hour.

The region of Asia, Australia '&' Pacific come on top of the array of UAE commercial partners in the area of non-oil foreign trade, as the volume of its trade with UAE reached Dh 36.8 Billion, in percentage of 48% of total trade volume. Next come Europe Region with share of Dh 18.2 Billion, in percentage of 24% of total trade. Then region of North Africa '&' Middle East with share of Dh 10.1 Billion, in Percentage of 13.15 of total trade. And the region of America '&' Caribbean with share of Dh 7.6 Billion, in percentage of 10%.

Then East '&' South Africa Region with share of Dh 2.2 Billion, in percentage of 3%. At Last come the region of West '&' Middle Africa which shared by Dh 2 Billion, in percentage of 3% of the total volume of Foreign Trade of the same month.

FCA said that the total foreign non-oil trade of the UAE with the Gulf Council Countries (GCC) hit Dh 6.1 billion in January this year, including Dh 2.2 billion in imports; Dh 1.6 billion in exports and 2.3 billion in re-exports.

Kingdom of Saudi Arabia (KSA), maintained its top seat among the trade partners of the UAE in GCC during last January. The total UAE- KSA trade reached Dh 2.3 billion. Oman came second with Dh 1.6 billion, followed by Kuwait with Dh 808 million; Bahrain with Dh 681 billion and Qatar with Dh 673 million.

"The total foreign trade between the UAE and Arab countries hit Dh 10.4 in last January, including Dh 4.5 billion in imports; Dh 2.4 billion in exports and Dh 3.4 billion in re-exports", the Federal Customs Agency said.

The primary statistics in last January showed that the gold was at the top of imported goods with Dh 7.8 billion, followed by diamonds with Dh 3.1 billion; cars with Dh 3 billion; aircraft with Dh 1.7 billion and jewellery with Dh 1.7 billion.

Gold comes at the top of the goods exported abroad in January 2012 at Dh 5.1 billion, followed by polyethylene in elemental forms with Dh 491 million; jewellery and its parts with Dh 326 million; petroleum oils and others at Dh 302 million and propylene polymer or polyolefin in its basic forms with Dh 294 million, the FCA said.

Diamond came at the top of re-exported goods in January 2012 with Dh 3.6 billion, followed by mobile phones Dh 1.4 billion; then cars with Dh 1.3 billion and jewellery and its parts with Dh 816 million. The total trade of free markets and zones hit Dh 1.3 billion during the month of January 2012. – Emirates News Agency, WAM

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