Recorded in 4 months 3.4 billion dirhams

The exports of the members of the “Dubai Chamber” to South Asia “fully recovered” from the repercussions of “Corona”

India offers the highest growth potential for UAE exporters in the region.

archival

According to the statistics of the certificate of origin database issued by the Dubai Chamber, the exports and re-exports of members to the South Asian region in general have fully recovered from the decline recorded last year, due to the Corona pandemic, in addition to that, the export activity in the first four months of this year shows evidence Flexibility in the midst of the effects of the new epidemic wave on the region

The declared value of certificates of origin issued for shipments destined for South Asia during the first four months of this year increased by 16% year-on-year, reaching $923 million (AED 3.4 billion).

This growth in value was reflected in the growth of activity, as evidenced by the increase in the number of certificates of origin, which amounted to 11,741 certificates during the period from January to April 2021.

In terms of performance, the declared value of Chamber members’ exports to Nepal increased by 93% year-on-year, to Afghanistan by 80%, Pakistan by 52%, Bhutan by 24%, Bangladesh by 10%, India by 6%, and Sri Lanka by 5%, While exports to the Maldives witnessed a decline of 6%.

Bangladesh

About half of Dubai Chamber members’ exports to South Asia targeted India (48%), while Bangladesh got a 24% share, followed by Pakistan with 14%, Afghanistan with 8%, Sri Lanka with 4%, Nepal and the Maldives each with a share of 1%, and finally Bhutan, with a share of 0.2%.

This large disparity in export shares across South Asian markets is normal, as it reflects the clear difference in the population of each country in the region.

According to ITC estimates for 2019, there is an untapped export potential or a gap in the UAE's exports to South Asia of more than $7.4 billion (AED 27.1 billion) per year.

This means that there is a near-term possibility (five years) to increase the current level of exports by up to 80%.

India

According to ITC estimates, India, the largest market in South Asia, provides the highest growth potential for UAE exporters in the region, with an estimated annual gap of $4.3 billion in exports, which can be achieved in the near term. Afghanistan comes second on the list, with an untapped potential of $1.1 billion worth of exports, while Pakistan comes third with an estimated gap of $828 million worth of exports that UAE exporters can achieve. Bangladesh has a $490 million gap, Nepal has a $314 million gap, Sri Lanka has $272 million, the Maldives has $127 million, and Bhutan has a $10 million gap.

The Dubai Chamber report confirmed that in India, according to ITC estimates, the list of products with the greatest potential, which have not yet been exploited, by UAE exporters in this market, includes diamonds (the value of the gap is 621 million dollars), telephones (445 $1 million), raw aluminum alloys ($421 million), pure copper wire ($208 million), and dates ($146 million).

Afghanistan

In Afghanistan, the largest products that can be exported are sugar (with a gap of 94 million dollars), launch batteries (45 million dollars), wheat (35 million dollars), synthetic filament textiles (23 million dollars), woven yarns ( $21 million), jewelry ($15 million).

In Pakistan, the list of products with the most potential to increase exports includes polypropylene in its primary forms (with a gap of 98 million dollars), polyethylene (58 million dollars), compounds (45 million dollars), chickpeas (37 million dollars), black tea ( $31 million).

In Bangladesh, the largest products include woven yarns (with a gap of $31 million), vehicles ($30 million), telephones ($18 million), lentils ($15 million), and non-crushed cement ($12 million).

In Nepal, the list of major products from which exports can be increased include telephone sets (with a gap of $25 million), polyethylene ($18 million), vehicles ($16 million), pure copper wire ($10 million), non-oil cement. Milled ($10 million) and polypropylene ($10 million).

In Sri Lanka, the largest products to increase exports include vehicles (with a gap of $23 million), Portland cement ($18 million), telephones ($18 million), sugar ($16 million), and woven yarns ($12 million). ), and milk powder ($7 million).

For the Maldives, products that could be exported include Portland cement ($9 million), air conditioning ($7 million), telephones ($3 million), and diesel generators ($4 million).

With regard to Bhutan, the largest products include telephones (with a gap of $2.4 million), vehicles ($0.7 million) and pneumatic tires ($0.3 million).

Representative office of «Dubai Chamber»

Dubai Chamber said that it is working to encourage merchants interested in learning about the markets of South Asia by communicating with the representative office of the Dubai Chamber in India, which provides support to members of the Chamber wishing to deal with all countries in the South Asian region.

• Unexploited export potential or a gap in the UAE's exports to South Asia by about AED 27.1 billion annually.

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