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Doing Business in UAE_Trade_Exports and Imports
SECTION - DOING BUSINESS IN UAE - TRADE
Exports & Imports
 

A member of the World Trade Organization since 1996, the UAE has successfully established it self as an influential player in the international trading system. This is the result of its focus on diversifying its economy through enhancing trade relationships and exchange in non-oil products with countries worldwide, while adopting an open economy with an attractive business environment that promises continuous economic growth. According to the World Trade Organization the UAE today is a major trading partner of 32 countries including the US.

The UAE’s top 5 import partners are:

1.
China 12.8% — Primary products: textile products, clothes, light industrial products, handicrafts, machinery and products made from gold, silver, copper, iron, tin.
2.
India 10% — Primary products: cotton, accessories, gems and jewelry, manmade yarn, fabrics, manufacturers of metals, cotton yarn, marine products, machinery and instruments, plastic and linoleum products, tea.
3.
United States 8.7% — Primary products: transport equipment, machinery, computer & electronic products, primary metal manufacturing, chemicals.
4.
Japan 6.1% — Primary products: transport equipment, electrical machinery, general machinery, foodstuff, raw materials, mineral fuels.
5.
Germany 5.9% — Primary products: nachineries, electronics, chemical products, measurement and control technology, iron, steel.
*Source: IMF

The UAE’s top 5 export partners are:

1.
Japan 23.6% — Primary products: crude oil, aluminum.
2.
South Korea 9.2% — Primary products: crude oil, petroleum products such as naphtha and liquefied petroleum gas, aluminum, copper.
3.
Thailand 5.0% — Primary products: crude oil, scrap metal, gold and silver bar, chemicals.
4.
India 4.8% — Primary products: pearls, precious and semi-precious stones, gold, pulp and waste paper, sulphur and unroasted iron pyrites, metalifer ore and metal scrap, organic and inorganic chemicals.
5.
Iran 3.8% — Primary products: gas, cigarettes, spare parts for machinery, telecommunications and radio apparatuses, auto teller machines, mobile phones, heavy machinery, banana.
*Source: IMF

The UAE’s main export commodities are crude oil, natural gas, dried fish, dates and re-export products. Its main import commodities are machinery, transport equipment, chemicals and food.

In 2007, the UAE achieved a surplus in its balance of trade, a total amount of Dh 236.15 billion compared with Dh 211.30 billion in 2006. Total exports (FOB) including re-exports in 2007 reached Dh 664.34 billion compared with Dh 534.66 billion in 2006, while total imports (FOB) rose to Dh 428.19 billion in 2007, compared with Dh 323.36 billion in 2006. A higher average oil price of US$ 71.1 compared with US$63.50 along with an increase in oil production, helped boost the value of oil exports to Dh 261.42 billion, compared with Dh 213.37 billion in 2006. Non-hydrocarbon exports, including those from free zones and elsewhere, reached Dh 125.73 billion compared with Dh 104.52 billion in 2006, thus making the UAE the second largest trading nation in the Arab world in 2007.

 
 
 
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Trade & Commercial Office
Embassy of the United Arab Emirates
12, Chandragupta Marg, Chanakyapuri,
New Delhi - 110021 (India)
Website last update on : 22nd November, 2016
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Website Establish in 2011 (Ministry of Foreign Trade UAE, New Delhi)
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