For the first time in the history of the Emirates, half a trillion dirhams in the first quarter of non-oil trade

May 25, 2022 4:06 p.m.

The state’s non-oil foreign trade in the first quarter of this year touched 500 billion dirhams for the first time in the country’s history, achieving a growth rate of 20.5% to reach 499.7 billion of dirhams, against 414.6 billion dirhams for the same period in 2021, with a growth of 26.3% compared to the value recorded in 2019, which amounted to 395.8 billion dirhams, according to the Federal Center competitiveness and statistics.

Preliminary data released by the center showed some time ago that total non-oil exports stood at 218.5 billion dirhams at the end of the first quarter of this year, compared to 183.4 billion dirhams. dirhams for the same period last year, i.e. growth of 19.1%, and against 176 billion dirhams for the first quarter of 2019 with growth of 24.1%.

The value of re-exports during the first quarter of this year amounted to around 130.5 billion dirhams, compared to 108.5 billion dirhams for the same period in 2021, representing a growth of 20.3%, and around 115.7 billion dirhams in the first quarter of 2019, a growth of 12.8%. The value of non-oil exports rose during the comparison period to 88 billion dirhams, compared to 75 billion dirhams in the same period last year, representing a growth of 17.4%, and about 60, 34 billion dirhams for the first quarter of 2019, i.e. a growth of 45.9%.

Imports increased in the first quarter of this year by 21.7% to 281.2 billion dirhams, compared to 231.1 billion dirhams in the first quarter of last year, with a growth of 28% compared to the same period in 2019, whose non-oil imports amounted to around 219.8 billion dirhams. China topped the list of the top 10 countries in total foreign trade with the United Arab Emirates during the first quarter with a value of 57 billion dirhams, followed by India with 46.2 billion dirhams, the Saudi Arabia with 32.5 billion dirhams, United States of America with 25.8 billion dirhams. billion dirhams, Iraq with 20.3 billion dirhams, Switzerland with 18.6 billion dirhams and Turkey with a value of 17.2 billion dirhams, Japan with 12.9 billion dirhams, Hong Kong , China with a value of 12.6 billion dirhams and Oman with 11.5 billion dirhams. And the United Kingdom with a value of 17.1 billion dirhams, Turkey with 12.7 billion dirhams, Japan with 10.7 billion dirhams, Saudi Arabia with 8 billion dirhams, Italy with 7.4 billion dirhams, Germany with 7.2 billion dirhams, France with 7.1 billion dirhams, and Vietnam with nearly 7 billion dirhams.

Switzerland tops the list of destination countries for UAE exports with a value of 13 billion dirhams, a growth of 395% compared to the value of exports during the first quarter of 2021, which stood at 2, 6 billion dirhams. India ranked second in this list, receiving exports from the United Arab Emirates worth 8.7 billion dirhams, and Saudi Arabia in third place with a value of 7.9 billion dirhams, followed by Hong Kong, China, with a value of 6.8 billion dirhams, achieving a growth of 90% compared to the value recorded for the same period in 2021. Iraq ranks tenth with a value of 2 .6 billion dirhams and a growth of 100% compared to the same period in 2021.

Saudi Arabia ranked first in the list of countries receiving re-exports from the United Arab Emirates with a value of 16.5 billion dirhams, followed by Iraq with 14.2 billion dirhams, India with 13.6 billion dirhams, from the United States of America with 5.8 billion dirhams, from Kuwait 5.4 billion dirhams, Iran 5.1 billion dirhams, Belgium 4.5 billion dirhams and Oman 4.3 billion dirhams, Hong Kong SAR 4.04 billion and China worth 4.3 billion dirhams.

Gold, unwrought or semi-wrought, tops the list of the most important commodities in the UAE’s non-oil foreign trade with a value of 84.4 billion dirhams, accounting for 17% of total non-oil foreign trade, followed by diamond with a value of 40 billion dirhams, telephony and communication devices worth 37 billion dirhams, mineral oils worth 24.6 billion dirhams and jewelry of worth 21 billion dirhams and cars worth 19.5 billion dirhams.

The UAE’s total non-oil foreign trade with the Gulf Cooperation Council countries amounted to 64.8 billion dirhams, with a growth of 13%, and with the other Arab countries with a value of 49.5 billion of dirhams, with a growth of 9.9%, and with non-Arab Asian countries with a value of 202.3 billion dirhams, with a growth of 40.5%, and non-Arab African countries with 54 billion dirhams .With growth of 10.8%, European countries 85.2 billion dirhams, i.e. growth of 17% , American countries 38.4 billion dirhams, i.e. growth of 7.7%, and peripheral countries 5.2 billion dirhams, representing growth of 1.04%.

Source: wam

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