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Dubai Direct Export Rises

Middle East : 24 February 2010

The amount of the exported goods through Dubai was AED 52.4 billion in 2009 as compared to AED 42.6 billion in 2008.

The rate of growth over the past five years reached 47%.

Dubai’s non-oil direct exports increased to an average rate of 23% in 2009 compared to 2008.

Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and Dubai Customs Director General stressed that the UAE adopted tactic with respect to diversifying the production base and the economic activities in addition to strengthening trade and economic ties with all countries of the world played a major role in attracting investment, increasing the international trade movement and positioning the UAE as a center for trade in the Middle East.

He emphasized that strategic partnership and the professional collaboration between the Government and private sectors and implementing the government directives towards branching out income sources and economic activities all facilitated to develop the local economy and increase the global trade movement in Dubai.

Statistics show that Dubai exports contributed to 71% of the compound export rate in the UAE in 2008.

Ahmed said that natural metal products, rubber, plastics, processed food products, valuable and conventional metals and the products made of them had a share of 87% of the value of Dubai direct exports in 2009. He also pointed out that valuable metals and stones and their products constituted the highest rate, with 63% this sector has been on top of the exports list since 2007 due to the increasing prices of gold in the local and global markets.

Normal metal products stood at second place with 8% while the processed food was the third with 7%. Fourth place was achieved by plastics and rubbery products with 5% whereas the fifth place of the exported goods was for the natural mineral products with 4%.

For the second consecutive year, India topped the list of export markets in Dubai, with a share of 40.6% and a value of AED 21.3 billion of the exported goods. Switzerland came at second place, with a share of 16.6% (AED 8.7 billion). Third place was secured by Saudi Arabia, with a total value of AED 2 billion (4% rate) followed by Pakistan with a share of 3.3% (AED 1.7 billion) and Iran which ranked fifth with a share of 2.8% and a value of AED 1.48 billion.

A more comprehensive view of the most important goods and products Dubai exported to these five countries tells that gold was mostly imported by India with AED 19.041 billion and 89.33% worth of the compound exports. India also imported scraps and metals that can be melted with a AED 693.371 million value and a percentage of 1.86%. Other products had a value of AED 1.185 billion.

As for Switzerland which came second in terms of Dubai Export, gold accounted for the largest export with AED 7.417 billion and at 84.99%. Scraps and scraps and metals that can be melted were the second most imported by Switzerland with AED 1.270 billion and 14.56% of exports followed by valuable jewelry and metals with AED 25.980 million and 0.30%. The remaining products exported to Switzerland had a value of AED 12.575 million and 0.14%.

Gold also topped Saudi Arabia’s imports from Dubai with AED 1.076 billion (51.36%) milk and dairy products were the second with AED 305.837 million (14.60%). Chocolate and food made of cacao was the third by AED 261.437 million (12.48%) and the remaining products had a value of AED 451.951 million (21.57% of the imported goods).

Pakistan imported sugar products the most in 2009 with a value of AED 688.344 million and 39.69% of Dubai Exports. Scraps and metals that can melt came second valued at AED 276.225 million and 15.93% while the rest of the imported goods had a value of AED 769.903 million and 44.39% of the compound exports.

Gold was also on top of the list of Iran’s imported goods from Dubai with AED 404.104 million and 27.16%. Printed materials were on number two (AED 133.852 million and 9%). Raw aluminum was the third with a share of AED 89.994 million and a percentage of 6.05%. As for the remaining products, they were imported with a total of AED 860.093 million and 57.80%.

Furthermore, Ahmed said that the growth rate of Dubai non-oil direct exports increased by 29 per cent in 2000-2009 period and 47 per cent in the past five years. He also observed that exports were made to different destinations throughout the world.

Andrew Reid, Staff Writer, Gulf Jobs Market News
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