UAE Non-Oil Trade Grows To Dhs320.3bn In Four Months
UAE non-oil foreign trade maintained positive growth rates in the first four months of this year. The FCA initial statistics showed that the growth rate in the UAE non-oil foreign trade reached 6% in this period compared to the same period in the last year.
The total non-oil foreign trade rose by Dhs20bn to Dhs320.3bn compared to Dhs303bn in the period of comparison.
The exports increased by 10% from early January to late April this year, raising the UAE non-oil exports by Dhs18.4bn from Dhs190.6bn in 2011 to Dhs209bn in the same period of this year, the FCA said in a press release yesterday.
“The exports grew within the above period by 33% from Dhs35.1bn to Dhs46.9bn, while re-exports hit Dhs64.4bn in this period,” said the FCA.
In terms of weight, the UAE total foreign trade hit about 31.8 million tons in 2012 January- April, including 17.5 million tons in imports, 11.2 million tons in exports and 3.1 million tons in re-exports, the FCA said.
The daily average weight of consignments (exported, imported and re-exported) processed by different customs outlets hit about 132 thousand tons per day (17 thousand tons per hour).
“In April alone, the UAE foreign trade hit about Dhs81.8bn, including Dhs52.7bn in imports, Dhs12.5bn in exports and Dhs16.6bn in re-exports,” the FCA.
Asia-Pacific region, the FCA said, retained its first place among the UAE top non-oil foreign trade partners with a total trade of Dhs145.6bn with the UAE – 46% of the total trade in the first four months.
“Europe came in the second place with Dhs80.2bn (25%) of the total trade followed by Middle East and North Africa with Dhs43.4bn (14%), America and the Caribbean with Dhs28bn (9%), Western and Central Africa region with Dhs9.2bn (2.9%) and COMESA with Dhs8.3bn (2.6%),” the FCA said.
The total of UAE non-oil foreign trade with the Gulf Council Countries (GCC) hit Dhs26bn in the first four months of this year, the FCA said in the press release. This total consisted of Dhs9.3bn in imports, Dhs7bn in exports and Dhs9.7bn in re-exports.
The Kingdom of Saudi Arabia (KSA), the FCA said, kept its top place among the UAE trade partners from the GCC in the first four months of this year. The UAE total trade with the KSA reached Dhs9.9bn. Oman came in the second place with Dhs6.4bn followed by, Kuwait with Dhs3.5bn, Qatar with Dhs3.2bn and finally Bahrain with Dhs3bn.
“The UAE total foreign trade with Arab countries hit about Dhs44.5bn in 2012 January- April. This total is divided into Dhs19.5bn in imports; Dhs10bn in exports and Dhs15bn in re-exports,” the FCA added.
The initial statistics in this period showed that gold came at the top of the imported goods with Dhs35.7bn, followed by diamond with Dhs15bn, cars with Dhs12.5bn and jewelry with Dhs10bn, the FCA said.
Gold, the FCA said, was the top among exported goods with Dhs24.4bn, followed by polyethylene and propylene polymers in crude forms with Dhs4.7bn, jewels and pieces of jewelry with Dhs1.5bn and petroleum and other oils with Dhs1.1bn.
Diamond, the FCA indicated, came first in re-exports in 2012 January- April with Dhs15.5bn, followed by jewels and pieces of jewelry with Dhs6bn, cars with Dhs5.1bn and mobile phones with Dhs4.3bn. The total trade of markets and free zones, the FCA said, hit Dhs5.1bn for this period.
Ameinfo
