The Arab Monetary Authority: with a value of $142.5 billion
The UAE is the first Arab country in manufacturing exports
The exports of manufacturing industries in the UAE are equivalent to 43.9% of the total exports of the Arab manufacturing industry.
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The Arab Monetary Fund revealed that the UAE ranked first in the Arab world during 2021, in terms of the value of manufacturing exports, with a value of $142.5 billion.
The Fund added, in the Unified Arab Economic Report, that the exports of manufacturing industries in the UAE are equivalent to 43.9% of the total exports of the Arab manufacturing industry, thanks to the important development in the field of re-export.
The report pointed out that the manufacturing industry exports in the Arab countries amounted to $325 billion in 2021, compared to about $244 billion in 2020, an increase of about 33.2%.
He explained that this is due to the easing of precautionary measures and measures taken to confront the "Covid-19" pandemic and programs to revitalize the economy.
The report indicated that Saudi Arabia came in second place with about $69 billion with a 21.2% share, then Morocco with $19.9 billion with a 6.1% share, while the share of Egypt reached about 6.1%, Tunisia 4%, Bahrain 2.2%, Jordan 2.1%, Kuwait 2% and Algeria 1.1. %, Lebanon 0.8%, Libya 0.5%, Palestine 0.5%, Djibouti 0.5%, and Iraq 0.1%.
According to the report, the exports of the manufacturing industry accounted for about 23.3% of the total exports of Arab countries, compared to about 32.3% in 2020. And this decline is due to the development of the contribution of extractive industries as a result of the high demand for oil and natural gas and their high prices globally.
The report stated that, according to the results of the Industrial Performance Competitiveness Index derived from the United Nations Industrial Development Organization (UNIDO), which includes 17 Arab countries, the UAE was the most improved in the Arab world during the past year, with its progress by five places compared to 2020, thanks to the improvement in the areas of infrastructure and environment. Industrial works and indicators related to the use of high-tech products, while Jordan moved forward with three positions, Syria with two positions, and Oman and Libya with one position.
The report stated that this indicator is based on an assessment of the productive and technological structure of the industrial sector, and its ability to produce and export manufactured goods competitively. The higher the value of this indicator, the higher the competitiveness of industrial production in the country.
essential industries
The unified economic report issued by the Arab Monetary Fund called on the Arab countries to move towards enhancing the competitiveness of their economies, and to focus on strengthening the industries that the pandemic showed the need to accelerate their development, such as the pharmaceutical and preventive industries, and modern and sustainable industries that depend on technical development and information technology.
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