They stressed that the state played a major role in regional and global supply chains during the “Corona crisis.”
Experts: Gold, industrial and food products supported UAE exports during the “pandemic”
UAE non-oil exports amounted to more than 254.6 billion dirhams in 2020. Archive
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Economic experts confirmed that the UAE played a major role in regional and global supply chains during the “Corona” pandemic, which contributed to increasing its exports to the world in general and to many European and Asian countries in particular, despite the repercussions of the pandemic that led to a decline in the exports of many Countries.
They explained to "Emirates Today" that there were several factors that supported the increase in Emirati exports, especially the increase in the country's exports of gold, especially bullion, as well as the increase in exports of some industrial products and some food and consumer items that demand increased during the pandemic.
And the Federal Center for Competitiveness and Statistics announced last week that the UAE's non-oil exports amounted to more than 254.6 billion dirhams during the past year, an increase of 23.4 billion dirhams over 2019, despite the repercussions of "Corona".
a big role
In detail, the economist, Ali Al-Hamoudi, said that the UAE played a major role in supply chains during the “Corona” pandemic, which contributed to increasing its exports to the world in general and to various European and Asian countries and the transnational countries in particular.
Al-Hamoudi added that the UAE was able to maximize its importance during the pandemic, as a regional and global center for trade in general, noting that the UAE's exports witnessed a great movement during the year of "Corona" and succeeded in increasing its exports, especially of gold, foodstuffs and some consumer items that demand increased during the period Pandemic items such as medical materials and personal protection products.
auxiliary factors
Al-Hamoudi explained that there are several factors that helped the UAE increase its exports to foreign markets, on top of which is its good relations with the rest of the countries and its distinguished strategic location in the middle of the world, in addition to the ports that were able to play a major role in the global trade movement.
big increases
For his part, the economic expert and general manager of "Truth" Economic Consulting Company, Reda Muslim, said that the UAE's exports of gold, especially bullion and precious metals, such as diamonds, have succeeded in achieving significant increases in their exports in light of the trend of many major countries to increase their imports. of raw gold, a safe haven in the midst of crises such as the “Corona” pandemic.
The most difficult periods
Muslim added that the UAE’s keenness to continue air transport lines to serve the shipping sector in the country, and not to stop them during the most difficult periods of the “Corona” crisis, as well as the efficiency of ports and the continuity of land and sea transport with high efficiency during the pandemic, led to the growing position of the UAE in global supply chains, In addition to export subsidies.
Muslim stressed that the increase in exports, especially at the height of the pandemic crisis, is an important achievement, especially since the repercussions of “Corona” led to a decline in the exports of many countries.
Investments
In turn, the economist, Ahmed Al Darmaki, considered that the large industrial and agricultural investments that have been pumped into the UAE during the past years, in addition to its foreign investments, played an important role during the “Corona” pandemic in increasing Emirati exports abroad.
Al-Darmaki indicated that some of these internal and external investments were concentrated in the industrial and food fields, which led to an increase in industrial exports, as well as the provision of foodstuffs, medical and health materials and personal protection goods, which was reflected in the increase in exports in general abroad.
He said that some companies changed their activities quickly during the pandemic to be able to meet the urgent needs of the goods that were in high demand.
Competition
The economic expert, Ahmed Al Darmaki, said that the UAE was able to compete globally, and showed great flexibility and openness in dealing with various global economic changes during the past year.
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