“Economy”: The country is currently one of the 20 largest export markets in the world

«Federal Competitiveness»: The UAE's non-oil exports are heading to 234 markets

«Economy»: The policy of developing UAE exports aims to open up to new markets.

archival

The Federal Competitiveness and Statistics Center revealed to "Emirates Today" that the total non-oil exports of the UAE, including "exports and re-exports", are heading to 234 markets.

The center confirmed that this supports the position of the UAE as a reliable global trade center and a major transit gateway for trade between East and West, and confirms the high quality of Emirati products.

In turn, the Ministry of Economy stated in a report that the most important non-oil export sectors in the country include 14 major and diversified sectors, including several commodity and service activities, noting that the UAE is currently one of the 20 largest export markets in the world.

country exports

In detail, the Federal Competitiveness and Statistics Center revealed to "Emirates Today" that the total non-oil exports of the UAE, including "exports and re-exports", are heading to 234 markets in Europe, Asia, Africa, North and South America, as well as Arab countries and Australia.

The center explained that the significant expansion of the UAE's export markets abroad supports the UAE's position as a reliable global trading center and a major transit gateway for trade between East and West. The expansion in export markets also confirms the high quality of Emirati products, and their success in competing with the products of the major industrialized countries in the world.

export sectors

In addition, a recent report by the Ministry of Economy showed that the most important non-oil export sectors in the country include 14 major and diversified sectors, including several commodity and service activities, including: metal industries, building materials, financial services, gold and precious metals, defense industries, food industries, Pharmaceutical and health industries, renewable energy, logistics sector, educational services, electronic services and innovation, hotel and tourism services, petrochemical industries, and plastic industries.

The report confirmed that the UAE is currently one of the 20 largest export markets in the world, noting that the ministry's policy aims to increase the contribution of exports of national goods and services, to reach 50% of non-oil foreign trade in the coming years.

openness policy

The "Economy" report stated that the UAE export development policy pursued by the ministry aims to open up to new global markets, within the framework of supporting the country's foreign trade, and finding a place for Emirati goods, to increase its presence in global markets, and add a higher value in the fields of exported goods, and thus Achieving growth in the GDP of the non-oil sectors.

The report emphasized that this policy aims to enhance the ability of the national economy to benefit from opportunities for economic recovery for the next phase, through prior planning, focusing on markets through which national exports can be accessed, and developing trade relations and partnerships with them.

The report indicated that the ministry's policy relies on several axes, including opening direct channels of communication with government agencies related to trade and investment in the countries of concern, and activating and proposing the formation of joint committees.

Non-oil national exports

The total national non-oil exports, including "exports and re-exports", amounted to 618 billion dirhams in 2020.

And exports recorded more than 254.6 billion dirhams, achieving a growth of 23.4 billion dirhams, while the total value of re-exports of non-oil goods reached 363.4 billion dirhams.

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Keywords: uae, re-exports, exports, markets, policy, export sectors, trade, federal competitiveness, country, export markets, sectors, emirates today, center, one, the federal competitiveness and statistics center