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UAE exports are heading to 197 markets around the world

2020-01-27T16:49:05.248Z

The Federal Competitiveness and Statistics Authority in the country revealed that the country's trade increased by 25 billion and 595 million dirhams during the first quarter of 2019 to reach 396 billion and 63 million dirhams compared to 370 billion and 468 million, an increase of about 7% during the first quarter of 2018.



The Federal Competitiveness and Statistics Authority in the country revealed that the country's trade increased by 25 billion and 595 million dirhams during the first quarter of 2019 to reach 396 billion and 63 million dirhams compared to 370 billion and 468 million, an increase of about 7% during the first quarter of 2018.

According to the Federal Competitiveness and Statistics, the most important non-oil exports to the UAE were concentrated in pearls, precious stones, precious metals, the manufactures of these materials and ordinary metals and their manufactures, food and beverage products, plastics, rubber products and articles thereof, metal products, as well as machinery, transportation equipment, products of the chemical and related industries.

The authority said in a report issued yesterday on "Emirates quarterly trade during the first quarter of 2019" that the country's exports increased by about 9 billion dirhams, to jump to 60 billion and 961 million dirhams, compared to 52 billion and 16 million dirhams during the same period of 2018, an increase of 17.2% While the value of re-export increased by seven billion and 240 million dirhams to reach 115 billion and 607 million in the first quarter of 2019 compared to 108 billion and 367 million dirhams, an increase of approximately 6.7%, while the value of the state's imports increased by nine billion and 411 million dirhams to reach 219 billion And 494 million dirhams, compared to 210 billion and 83 million dirhams, an increase of 4. Almost 5%.

The report revealed that non-oil exports to the UAE during the first quarter of 2019 included 197 markets in various continents of the world, and exports to some countries witnessed increases of more than 50%.

The report also revealed that re-exports materials from the UAE are going to 220 markets, and some countries have witnessed an increase in re-exports from the Emirates by more than 50%.

While the products of export are usually concentrated in pearls, precious sizes, precious metals, manufactures of these materials and machines, audio and video broadcasting and recording equipment, metal products, chemical and related industries, textile materials and their manufactures.

The authority indicated that these figures for trade include direct trade, free zone trade and warehouse trade according to international requirements

Source: emara

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