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Pauwels ... CEO of Messe Frankfurt Middle East

Dubai’s auto parts, accessories trade hits $11bn

DUBAI, May 10, 2016

Dubai’s auto parts and accessories trade accounted for Dh40.5 billion ($11.03 billion) in 2015, representing 3.3 per cent of Dubai’s total non-oil foreign trade, which amounted to Dh1.28 trillion ($348.5 billion), revealed statistics by the Dubai Customs.  

The figures were announced to an audience of auto parts manufacturers, suppliers, fleet operators, and regulators at the Automechanika Dubai 2016, which kicked off on May 8 and concludes today (May 10), and is being held at the World Trade Centre.

The Dubai auto-parts statistics update was provided by Nassim Al Mehairi, manager of statistics section at Dubai Customs, said a statement from Dubai Customs.

In terms of volume, around 2 million tonnes of auto parts and accessories were traded in 2015, it added.

Japan, South Korea, US, Germany, and China were Dubai’s top country partners last year in terms of auto parts trade at Dh5.5 billion ($1.5 billion), Dh3.4 billion ($925.7 million), Dh3 billion ($816.8 million), Dh2.9 billion ($789.6 million), and Dh2.9 billion, respectively, it stated.

Major components of the emirate’s booming automotive aftermarket trade were sedan tires at Dh3.3 billion ($898.5 million), auto batteries at Dh2.6 billion ($707.9 million), truck and bus tires at Dh2.4 billion ($653.4 million), fuel filters at Dh1.1 billion ($299.5 million) and clutches at Dh1 billion ($272.2 million), it said.

Ahmed Abdul Salam Kazim, director of strategy and corporate excellence at Dubai Customs, said: “We make sure to be present at such auto parts exhibitions and trade fairs to reach an audience of auto parts manufacturers, suppliers, fleet operators, and others, and introduce them to the top notch services and facilitations we offer.”

Dubai Customs takes great care in safeguarding the community against the perils of counterfeit auto parts, so that consumers can rest assured that they buy only genuine parts and auto dealers can be kept safe from the losses resulting from the fake parts entering the markets.  

Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organising company of the fair, expressed his gratitude to Dubai Customs for its continued support of and annual participation in the Automechanika Dubai 2016.

“Figures announced by Dubai Customs play a great informative role in helping dealers envisage their business outlook and future growth of their investments,” Pauwels added. – TradeArabia News Service

Tags: | Dubai | Accessories | Trade | Auto parts |

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