Wednesday 20 June 2018

Dubai non-oil direct exports up 23pc

Dubai , February 23, 2010

Dubai’s non-oil direct exports grew at an average rate of 23 per cent in 2009 when compared to 2008, said a top government official citing data.

The value of the exported goods through all Dubai Customs entries amounted to Dh52.4 billion in 2009 when compared to Dh42.6 billion in 2008, said Ahmed Butti Ahmed, executive chairman of Ports, Customs and Free Zone Corporation and Dubai Customs director general.

According to Ahmed, the growth rate over the past five years reached 47 per cent. 

He stressed that the UAE strategy with respect to diversifying the production base and the economic activities besides reinforcing trade and economic relations with other countries played a major role in attracting investment, nourishing the worldwide trade movement and positioning the UAE as a hub for trade in the Middle East.

'The noticeable growth of Dubai at the various business sectors and levels including the modern infrastructure and the advanced services available at Dubai Customs and Dubai Ports as well as the facilitations provided at the different customs land, sea and air entries contributed positively to the world trade movement in the Emirate,' he remarked.

The Dubai Customs official said the exporting process was handled through 6,000 companies and headed to different countries across the continents through Dubai entries.

“The fruitful outcome is merited from the efficient strategic partnership and co-operation between the government and the private sector. Investing in its outstanding location, Dubai constitutes a vital hub that links eastern with western worlds,” he added.

Statistics indicate that Dubai exports contributed to 71 per cent of the compound export rate in the UAE in 2008.

Ahmed said that valuable and traditional metals and the products made of them, processed food products, plastics, rubber and natural metal products had a share of 87 per cent of the value of Dubai direct exports in 2009.

He pointed out as well that precious metals and stones and their products constituted the biggest rate, with 63 per cent this sector has been topping the exports list since 2007 and up to 2009 due to the increasing prices of gold in the local and international markets.

Normal metal products came second place with 8 per cent whereas the processed food was the third with 7 per cent. Then came fourth plastics and rubbery products with 5 per cent whereas the fifth place of the exported goods was for the natural mineral products by 4 per cent.

For the second consecutive year, India topped the list of export markets in Dubai, with a share of 40.6 per cent and a value worth of Dh21.3 billion of the exported goods forllowed by Switzerland with a share of 16.6 per cent (Dh 8.7 billion). Saudi Arabia came third in the list with a total value of Dh2 billion (4 per cent).

A more detailed view of the most significant goods and products Dubai exported to these five countries reveals that gold was mostly imported by India with Dh19.041 and 89.33 per cent worth of the compound exports.

India also imported scraps and metals worth Dh693.371 million (1.86 per cent). The other products had a value of Dh1.185 billion by 5.56 per cent.

'As for Switzerland which came second in terms of Dubai Export, gold accounted for the largest export with Dh7.417 and at 84.99 per cent. Scraps and scraps and metals that can be melted were the second most imported by Switzerland with Dh1.27 billion and 14.56 per cent of exports followed by precious jewelry and metals with Dh25.980 and 0.30 per cent.'

'The remaining products exported to Switzerland had a value of Dh12.575 million and 0.14 per cent,' Ahmed stated.

Gold also topped Saudi Arabia imports from Dubai with Dh1.076 billion (51.36 per cent) milk and diary products came second with Dh305.837 million (14.6 per cent). Chocolate and food made of cocoa was the third by Dh261.437 million (12.48 per cent) and the remaining products had a value of Dh451.951 million (21.5 per cent of the imported goods),' he added.

Pakistan imported sugar products the most in 2009 with a value of Dh688.344 million comprising 39.69 per cent of Dubai exports. Scraps and metals that can melt came second valued at Dh276.225 million and 15.93 per cent while the rest of the imported goods had a value of Dh769.903 million and 44.39 per cent of the compound exports.

Gold also crowned Iran’s imported goods from Dubai with Dh404.104 million and 27.16 per cent. Then came printed materials (Dh133.852 million and 9 per cent).

Raw aluminum was the third with a share of Dh89.994 million and a percentage of 6.05 per cent. As for the remaining products, they were imported with a total of Dh860.093 million and 57.80 per cent, the official said.

Ahmed said that the growth rate of Dubai non-oil direct exports surged 29 per cent in 2000-2009 period and 47 per cent in the past five years.-TradeArabia News Service

Tags: Dubai | non oil | direct exports |

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