UAE non-oil trade grows to Dh 412.5 b in 5 months

posted on 11/10/2012: 582 views

UAE non-oil foreign trade maintained positive growth rates in the first five months of this year. The FCA initial statistics showed that the growth rate in the UAE non-oil foreign trade reached 10% in this period compared to the same period in the last year.

The total non-oil foreign trade rose by Dh 35.9 billion to Dh 412.5 billion compared to Dh 376.6 billion in the period of comparison.

The imports increased by 13% from early January to late May this year, raising the UAE non-oil exports by Dh 31.3 billion from Dh 238.4 billion in 2011 to Dh 269.7 billion in the same period of this year, the FCA said in a press release yesterday.

The Authority highlighted that the exports grew within the above period by 38% from Dh 43.8 billion to Dh 60.5 billion, while re-exports hit Dh 82.4 billion in this period.

In terms of weight, the UAE total foreign trade hit about 44.8 million tons in 2012 January- May, including 23.1 million tons in imports, 17.7 million tons in exports and 3.9 million tons in re-exports.

The daily average weight of consignments (exported, imported and re-exported) processed by different customs outlets hit about 187 thousand tons per day (23 thousand tons per hour).

In May alone, the UAE foreign trade hit about Dh 92.2 billion, including Dh 60.7 billion in imports, Dh 13.7 billion in exports and Dh 17.8 billion in re-exports.

Asia-Pacific region, retained its first place among the UAE top non-oil foreign trade partners with a total trade of Dh 181 billion with the UAE - 45% of the total trade in the first five months.

Europe came in the second place with Dh 104 billion (26%) of the total trade followed by Middle East and North Africa with Dh 60.6 billion (15%), America and the Caribbean with Dh 37.2 billion (9%), Western and Central Africa region with Dh 11.9 billion (2.9%) and COMESA with Dh 10.8 billion (2.7%).

The total of UAE non-oil foreign trade with the Gulf Council Countries (GCC) hit Dh 38.6 billion in the first five months of this year. This total consisted of Dh 16.9 billion in imports, Dh 9.4 billion in exports and Dh 12.3 billion in re-exports.

The Kingdom of Saudi Arabia (KSA), kept its top place among the UAE trade partners from the GCC in the first five months of this year. The UAE total trade with the KSA reached Dh 12.5 billion (32%). Kuwait came in the second place with Dh 9.1 billion (23%) followed by, Oman with Dh 8.6 billion (22%), Bahrain with Dh 4.4 billion (12%) and finally Qatar with Dh 4 billion (10%).

"The UAE total foreign trade with Arab countries hit about Dh 62.1 billion in 2012 January- May. This total is divided into Dh 29.6 billion in imports; Dh 13.4 billion in exports and Dh 19.1 billion in re-exports", the Authority added.

The initial statistics in this period showed that gold came at the top of the imported goods with Dh 47.3 billion, followed by diamond with Dh 18.4 billion, jewellery with Dh 17.2 billion and cars with Dh 15.7 billion.

Gold was the top among exported goods with Dh 31.5 billion, followed by polyethylene and propylene polymers in crude forms with Dh 5.4 billion, jewels and pieces of jewellery with Dh 2.3 billion and petroleum and other oils with Dh 1.3 billion.

Diamond, came first in re-exports in 2012 January- May with Dh 18.5 billion, followed by jewels and pieces of jewellery with Dh 9.4 billion, cars with Dh 6.7 billion and mobile phones with Dh 5.2 billion. The total trade of markets and free zones, the FCA said, hit Dh 6.5 billion for this period. – Emirates News Agency, WAM

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