His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, announced that during the first nine months of 2019, the non-oil foreign trade of Dubai achieved strong growth of 6% with a total of 1.02 trillion dirhams, stressing that His Highness continued to grow in size and value Dubai's foreign trade shows the extent of the national economy's ability to continue developing at an accelerated pace that establishes the launch in 2020, the "year of preparation for its fifty", to reach new successive summits in the achievements of the economic and social development experience in the UAE.
His Highness said: "We have great confidence in the ability of the foreign trade sector to continue growth during the coming periods, as government work teams continue to develop new projects and initiatives to create a qualitative leap in foreign trade, foremost of which is the Dubai Silk Line, which crowns Dubai's role as a regional hub and a major hub for the shipping sector." Maritime, air and logistical sector and supports the emirate's position as an indispensable destination and corridor for regional and international trade, in addition to other projects that we are currently developing to participate effectively in the progress of electronic commerce regionally and globally through the establishment of the first virtual commercial area, which makes us Feet with confidence and stability towards a new start to our experience leading development to keep pace with Dubai to host Expo 2020 ".
His Highness the Crown Prince of Dubai added: "The distinction achieved by Dubai in the level of development of its foreign trade enhances its ability to meet the needs of regional and international markets of various types of goods, which the emirate is keen to provide to its trading partners within the most developed global markets."
The value of Dubai's foreign trade increased by about 966 billion dirhams, as the value of exports grew by 23% to reach 118 billion dirhams, the value of re-exports increased by 4% to 312 billion dirhams, and the value of imports increased by 3% to 589 billion dirhams.
Dubai has promoted the rapid growth in its non-oil foreign trade with this new leap in the first nine months of this year, in which it recorded a 22% growth in the amount of goods to reach a weight of 83 million tons compared to 68 million tons during the same period of 2018, where it recorded the volume of re Export is a record jump, achieving a growth rate of 48%, bringing the weight of re-exports goods to 13 million tons, and the volume of exports jumped by 47% to reach the weight of exports goods to 14 million tons. The volume of imports increased 13%, bringing the weight of imports goods to 56 million tons.
On a quarterly basis, Dubai's non-oil foreign trade in terms of value achieved steady and continuous quarterly gains in 2019, as the third quarter of 2019 recorded the highest trade value this year (343 billion dirhams), an increase of 7% on an annual basis. The second quarter of 2019 increased by 3% (337 billion dirhams) and the first quarter of 2019 increased by 7% (339 billion dirhams) compared to the same period in 2018.
Dubai's foreign trade through the free zones achieved strong growth by 11% to reach 439 billion dirhams, an increase of 45 billion dirhams, reflecting the role of free zones as a destination and a major platform for international trade, while direct trade achieved 2% growth to reach 574 billion dirhams, an increase of 10 billion dirhams, while the value of customs warehouse trade amounted to about 6 billion dirhams, and the value of land-borne trade amounted to about 169 billion dirhams, achieving a growth of 11%, and the value of seaborne trade amounted to 381 billion dirhams, with a growth of 5%, and the value of air-borne trade 469 billion dirhams with growth of 4 percent.
Sultan Ahmed Bin Sulayem, Chairman and CEO of Dubai Ports World Group and President of Ports, Customs and Free Zone Corporation, said: “Dubai's ability to achieve continuous growth in its foreign trade shows the strength and strength of its economy, which is based on the pioneering achievements of the emirate in developing its productive sectors and free zones. With providing the best benefits to global investors and trade.
He added: "Dubai Trade is characterized by its flexibility and ability to explore new opportunities through rapid access to new markets and expanding the volume and value of trade with various global markets, thanks to the great confidence enjoyed by our regional and international trade, enabling us to advance quickly in our upcoming projects that we will launch in the year 2020 is the year of its 50th readiness to lead the development in trade markets across the world thanks to our rapid progress in using the latest innovations and the best applications of artificial intelligence that change the nature and composition of Dubai's foreign trade during the coming decades. "
Sultan bin Sulayem explained that the growth in Dubai's foreign trade shows the extent of the emirate’s success in attracting merchants and investors from all over the world as a result of the achievements made in developing the infrastructure and the continuous progress in developing customs services provided by Dubai Customs to customers, which enabled it to achieve a new international achievement in The field of creativity and innovation represented in the department obtaining the innovation award and achieving it to evaluate approximately 700 evaluation points approved in the European Excellence Award for Quality Management from the European Foundation for Quality Management (EFQM) equivalent to a 6-star rating, which constitutes an international recognition of the progress achieved Dubai Customs to reach the global leader in the field of customs innovation, crowning its continuous efforts to develop its performance and upgrade its services to provide the best commercial and customs facilities in general and to the participants in Expo 2020 in particular, where the department developed a smart channel to clear the shipments coming to the exhibition during a record time of achievement and the best quality levels And in keeping with this global event and the "Expo Summit for Governments 2020", Dubai Customs will organize the fifth global conference for the first approved economic operator program of its kind in the region, which Dubai will host from 10 to 12 March 2020 in cooperation with the World Customs Organization The Federal Customs Authority.
He added: “Dubai Customs launched the“ Productivity Engine ”system that was approved by the Executive Council of Dubai to make a fundamental shift in productivity using artificial intelligence. The department also strengthened its efforts to develop its smart services for customers, and the percentage of smart transactions is continuously raised by shifting all procedures and operations To advanced services provided through smart applications, and within these applications was launched "smart dock system", which facilitates the docking of commercial ships in Dubai Creek to unload and load goods and complete all customs procedures at record speed. "
He pointed out that the strategy for developing customs services resulted in Dubai Customs obtaining a happiness rate of 98% for these customers according to the Dubai Smart Index, which reflects the efficiency and effectiveness of the services provided.
China topped the position of the first partner among Dubai’s global trading partners, as the value of Dubai’s trade with China reached about 109 billion dirhams, achieving a growth of 6%, which reflects the progress of Dubai’s progress in its international role as a regional and global center for trade with China, which enhances the success of the “Belt and Road” project. "To connect it with global markets, India came in the second trading partner center, where the value of Dubai's trade with it reached about 100 billion dirhams, with a growth of 16%. The United States of America replaced the third trading partner center and the value of trade with it reached 57 billion dirhams, then Switzerland is in the trading partner center Fourth, the value of trade It is worth 47 billion dirhams, then Saudi Arabia is the first trading partner in the Gulf, Arab and fifth globally, and the value of trade with the kingdom has reached 42 billion dirhams.
Gold was the forefront of goods, Dubai’s foreign trade, where the value of the emirate’s trade in gold reached about 129 billion dirhams, with a growth of 17%, and Dubai established its leadership role in the global markets for smart communications technology, where the value of Dubai’s trade in phones reached 119 billion dirhams, with a growth of 7%, followed by jewelry worth 85 One billion dirhams, while the value of trade in oils reached 68 billion dirhams, and the value of trade in diamonds 63 billion dirhams, bringing the total value of the trade in gold, jewelry and diamonds to 276 billion dirhams, a growth of 7%.