The UAE’s non-oil trade volume (direct trade, trade of free zones and customs warehouses) reached AED 1.2 trillion in the first nine months of last year, the Federal Customs Authority said.
According to preliminary statistical data issued by the authority yesterday, imports of raw and semi-processed gold topped the best imported goods with a value of 83.4 billion dirhams, equivalent to 12% of the total value of imports of the state during the first nine months of 2018, AED 8%, while gold exports topped AED 30.2 billion, equivalent to 22% of the total UAE exports during the same period.
Imports and exports
The Federal Customs Authority announced yesterday that the volume of non-oil trade in the UAE (direct trade, trade of free zones and customs warehouses) reached AED 1.2 trillion during the first nine months of 2018. Non-oil foreign trade accounted for 62% of the total non-oil foreign trade amounted to AED 726.4 billion, while non-oil foreign trade accounted for 37% of the total value of AED 439.2 billion and customs warehouses at 2%, equivalent to 8.4 billion dirhams.
According to the preliminary statistical data of the Authority, the value of non-oil imports during the first nine months of last year amounted to 697.2 billion dirhams, noting that imports of raw and semi-processed gold were at the forefront of the best imported goods with a value of 83.4 billion dirhams equivalent to 12% During the same period. Telephone equipment ranked second with 54.1 billion dirhams representing 8 percent, followed by car imports of 42.3 billion dirhams at 6 percent, followed by jewelery and gold jewelery worth 38 billion dirhams, equivalent to 5.5 percent, Worth AED 36.4 billion, or 5.2% of the total State imports. The value of UAE exports reached 134.7 billion dirhams during the first nine months of 2018. Gold exports topped 30.2 billion dirhams, equivalent to 22 percent of total UAE exports during the same period, followed by raw aluminum AED 13 billion and 10%, followed by cigarettes worth AED 8.6 billion (6.4%), jewelery and jewelery worth AED 8 billion (6%), and ethylene polymers (6.2 billion dirhams), or 5% of the total value of exports.
Re-export
The value of re-exports during the first nine months of last year reached AED 342.2 billion against AED 325.2 billion compared to the same period of 2017, achieving a growth rate of 5%.
According to the TRA, telephone equipment ranked first as the best commodity re-exported from the UAE in the first nine months of 2018 at AED 63.6 billion, or 19% of total re-exports, followed by non-compounded diamonds valued at AED 37.5 billion 11%, jewelery and jewelery worth AED 34 billion equivalent to 10%, cars with AED 27.3 billion and 8%, and air vehicle parts valued at AED 12.7 billion, or 4% of total re-exports.
Economic diversification
„The country’s non-oil foreign trade continues to grow and stabilize, despite the slowdown in many world markets as oil prices are falling and growth rates are limited in major economies,“ he said. Driven by prudent leadership in the field of economic diversification policy, and building a strong national productive base.
GCC countries
Al-Neyadi explained that the share of the GCC countries accounted for 11% of the total non-oil trade in the UAE during the first nine months of last year, worth AED 131.2 billion, of which AED 40.6 billion were imports, AED 31.3 billion were exports, The value of re-exports. He pointed out that Saudi Arabia is the largest trading partner of the UAE between the GCC and Arab countries, indicating that the total trade with the Kingdom amounted to 58.3 billion dirhams during the first nine months of 2018.
Business Partners
„The UAE has maintained stable business relations with all regions and strategic trading partners over the past years as economic growth continues in all sectors, resulting in the continued structure of trading partners during the months,“ said Customs Commissioner Ali Saeed Al Neyadi. The first nine months of 2018 in the same format, which has been achieved over the past years and almost the same commercial shares, reflecting the strength of trade relations with the countries of the world ».
Ali Said Al-Neyadi:
«The stability of trade is not
State oil
Deceleration in the number of
Markets return to
Economic diversification „.
5%
Up in value
Re-export to
AED 342 billion.
