Wednesday 29 March 2023

UAE, Saudi dominate Arab manufactured goods' export list

ABU DHABI, December 31, 2022

The UAE has ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5 billion, according to the Arab Monetary Fund (AMF).
Saudi Arabia comes second to the UAE with approximately $69 billion and a 21.2% stake, followed by Morocco with $19.9 billion and a 6.1% share, it stated.
As per AMF's Joint Arab Economic Report, the UAE's manufacturing industry exports account for 43.9% of overall Arab exports of manufacture, owing to strong growth in the field of re-exports.
Manufacturing industry exports in Arab countries totaled $325 billion in 2021, up from $244 billion in 2020, thus registering a 33.2% increase, thanks mainly to unwinding of Covid-19 restrictions.
Egypt stood fourth with a 6.1% share followed by Tunisia (4%), Bahrain (2.2%), Jordan (2.1%), Kuwait (2%) and Algeria (1.1%). The others in the list are Lebanon with 0.8% share, Libya with 0.5%, Palestine (0.5%), Djibouti (0.5%) and Iraq with a 0.1% stake.-TradeArabia News Service


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