UAE's imports in 2010 with a total of Dh301.9 billion, or 62 per cent of imports.
On non-oil exports, India, Switzerland, Saudi Arabia, Brazil, Iran, Norway, Pakistan, Oman, Qatar, and Kuwait respectively topped the list of non-oil export destinations from the UAE with a total of Dh60.8 billion, accounting for 73 per cent of the UAE's exports.
Meanwhile, India, Iran, Iraq, Afghanistan, Bahrain, Saudi Arabia, Qatar, Hong Kong, Belgium and Kuwait topped the list of re-export destinations absorbing Dh134.2 billion or 72 per cent of the UAE's re-exports.
"The UAE has managed to be at the forefront of Middle East growth and development because of its continuous efforts to maintain strong business and trade relations with key emerging economies," said Shahul Hameed, Chief Executive Officer, My Events International which organises trade events. "The increased trade not only reflects a healthy business relationship with emerging countries in the Southeast Asian region but also shows its eagerness to explore key investment and financial opportunities inside and outside the Middle East."
FCA added that the total value of UAE-GCC non-oil trade hit Dh54.7 billion in 2010 — including Dh22.3 billion imports, Dh10 billion in exports and Dh22 billion re-exports.
Saudi Arabia maintained its position at the top of the list among the UAE's top GCC trading partners in 2010, with UAE-Saudi Arabia trade worth Dh21.1 billion while Bahrain came second with Dh9.1 billion, followed by Qatar at Dh8.6 billion, Oman at Dh8.5 billion and Kuwait at Dh7.4 billion.
The total foreign trade of the UAE with the Arab countries amounted to Dh106.1 billion in 2010, with 43.4 billion worth of imports, Dh16.8 billion worth of exports and Dh46 billion worth of re-exports.
Saudi Arabia topped the list of Arab states in terms of the value of non-oil trade with the UAE, followed by Sudan, Iraq, Libya, Oman, Bahrain, Kuwait, Egypt, Qatar, Yemen, Lebanon, Jordan, Morocco, Syria, Tunisia, Mauritania, Algeria, Djibouti, Palestine and the Comoros respectively, FCA added.
Gold took the lead among imported commodities with a value of Dh66.3 billion; followed by diamonds with Dh48.1 billion, cars (Dh26.9 billion); ornaments and jewellery (Dh22.6 billion); telephone sets (Dh10.4 billion); in addition to tractor spare parts and accessories, special purpose vehicles, passenger vehicles and freight vehicles (Dh6.7 billion).
Gold also topped the list of exported commodities in 2010, valued at Dh38.4 billion, followed by light vessels, fire floats, dredgers or ice class barges at Dh5.6 billion; waste and scrap of precious metals or ordinary metals at Dh3.8 billion; sugarcane or sugar beet at Dh2.4 billion and finally ethylene polymers in primary forms at Dh2 billion. On the level of re-exports, diamonds came on top of the commodities re-exported in 2010 with a total value of Dh55.8 billion, followed by ornaments, jewellery and parts thereof (Dh12.7 billion), motor vehicles (Dh11.9 billion) and telephone sets (Dh8.5 billion).
Malaysia-GCC trade hits $11b in 2010
Trade between the GCC and Malaysia reached $11 billion, according to a recent report coming from the Malaysia External Trade Development Corporation (Matrade). The UAE in particular has recorded over $6.418 billion (Dh23.5 billion) in trade with Malaysia, thereby affirming the latter's developing role as a cost-competitive location for investors intending to set up offshore operations for the manufacture of advanced technological products for regional and international markets.
Recent market reports have shown healthy growth in trade between the UAE and Malaysia. In 2010, exports from Malaysia to the UAE totalled $3.953 billion while goods from the UAE to Malaysia reached $2.465 billion. Malaysia's chief exports to the UAE include electrical and electronic products, machinery, appliances and parts, jewellery, and palm oil. In return, the country imports crude petroleum and refined petroleum products, and chemicals and chemical products from the UAE
On non-oil exports, India, Switzerland, Saudi Arabia, Brazil, Iran, Norway, Pakistan, Oman, Qatar, and Kuwait respectively topped the list of non-oil export destinations from the UAE with a total of Dh60.8 billion, accounting for 73 per cent of the UAE's exports.
Meanwhile, India, Iran, Iraq, Afghanistan, Bahrain, Saudi Arabia, Qatar, Hong Kong, Belgium and Kuwait topped the list of re-export destinations absorbing Dh134.2 billion or 72 per cent of the UAE's re-exports.
"The UAE has managed to be at the forefront of Middle East growth and development because of its continuous efforts to maintain strong business and trade relations with key emerging economies," said Shahul Hameed, Chief Executive Officer, My Events International which organises trade events. "The increased trade not only reflects a healthy business relationship with emerging countries in the Southeast Asian region but also shows its eagerness to explore key investment and financial opportunities inside and outside the Middle East."
FCA added that the total value of UAE-GCC non-oil trade hit Dh54.7 billion in 2010 — including Dh22.3 billion imports, Dh10 billion in exports and Dh22 billion re-exports.
Saudi Arabia maintained its position at the top of the list among the UAE's top GCC trading partners in 2010, with UAE-Saudi Arabia trade worth Dh21.1 billion while Bahrain came second with Dh9.1 billion, followed by Qatar at Dh8.6 billion, Oman at Dh8.5 billion and Kuwait at Dh7.4 billion.
The total foreign trade of the UAE with the Arab countries amounted to Dh106.1 billion in 2010, with 43.4 billion worth of imports, Dh16.8 billion worth of exports and Dh46 billion worth of re-exports.
Saudi Arabia topped the list of Arab states in terms of the value of non-oil trade with the UAE, followed by Sudan, Iraq, Libya, Oman, Bahrain, Kuwait, Egypt, Qatar, Yemen, Lebanon, Jordan, Morocco, Syria, Tunisia, Mauritania, Algeria, Djibouti, Palestine and the Comoros respectively, FCA added.
Gold took the lead among imported commodities with a value of Dh66.3 billion; followed by diamonds with Dh48.1 billion, cars (Dh26.9 billion); ornaments and jewellery (Dh22.6 billion); telephone sets (Dh10.4 billion); in addition to tractor spare parts and accessories, special purpose vehicles, passenger vehicles and freight vehicles (Dh6.7 billion).
Gold also topped the list of exported commodities in 2010, valued at Dh38.4 billion, followed by light vessels, fire floats, dredgers or ice class barges at Dh5.6 billion; waste and scrap of precious metals or ordinary metals at Dh3.8 billion; sugarcane or sugar beet at Dh2.4 billion and finally ethylene polymers in primary forms at Dh2 billion. On the level of re-exports, diamonds came on top of the commodities re-exported in 2010 with a total value of Dh55.8 billion, followed by ornaments, jewellery and parts thereof (Dh12.7 billion), motor vehicles (Dh11.9 billion) and telephone sets (Dh8.5 billion).
Malaysia-GCC trade hits $11b in 2010
Trade between the GCC and Malaysia reached $11 billion, according to a recent report coming from the Malaysia External Trade Development Corporation (Matrade). The UAE in particular has recorded over $6.418 billion (Dh23.5 billion) in trade with Malaysia, thereby affirming the latter's developing role as a cost-competitive location for investors intending to set up offshore operations for the manufacture of advanced technological products for regional and international markets.
Recent market reports have shown healthy growth in trade between the UAE and Malaysia. In 2010, exports from Malaysia to the UAE totalled $3.953 billion while goods from the UAE to Malaysia reached $2.465 billion. Malaysia's chief exports to the UAE include electrical and electronic products, machinery, appliances and parts, jewellery, and palm oil. In return, the country imports crude petroleum and refined petroleum products, and chemicals and chemical products from the UAE
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