The foreign non-oil trade of the United Arab Emirates (UAE) maintained its positive growth during the period from January to August 2012 compared to the same period in the last year.
The preliminary statistics of the Federal Customs Authority (FCA) showed higher foreign non-oil trade at 12% in January- August 2012. The total foreign trade climbed by AED 70 billion to AED 678 billion compared to 608 billion during the same period in the last year.
The data of the UAE foreign non-oil trade reflected several positive indicators within the first eight months of 2012, the FCA said in a press release yesterday. These indicators include the ever-increasing growth rates of exports at 49%, with the total export increasing by AED 37.3 billion to AED 112.8 billion compared to AED 75.5 billion in the same period of the last year.
The imports soared by 11%, driving the UAE non-oil imports up from AED 388.4 billion to AED 431.7 billion in the comparative period with an increase of AED 43.3 billion. The re-exports slid by 7% to AED 133.5 billion for the same period.
In terms of weight, the FCA said, the UAE total foreign trade hit about 85.1 million tons in the first eight months of 2012, including 37.7 million tons in imports, 40.6 million tons in exports and 6.8 million tons in re-exports.
“The UAE foreign trade with the outside world hit about AED 84 billion in August 2012 alone, including AED 51.7 billion in imports, AED 18.1 billion in exports and AED 14.3 billion in re-exports”, the FCA added.
The trade regional structure was stable in the same period. Asia, Australia and Pacific maintained its top place among the UAE most notable partners in non-oil foreign trade. The total trade of the UAE with this region reached AED 284.8 billion at 43% of the total trade.
Europe came second with AED 189.3 billion at 28% of the total, then the Middle East and North Africa with AED 95 billion (14%) and America and the Caribbean with 58.7 billion (9%). Western and Central Africa region came in the fifth place with AED 19.5 billion (2.9%) and finally the COMESA with AED 17.6 billion (2.6%).
The UAE non-oil foreign trade with the states of Gulf Cooperation Council (GCC) hit AED 59 billion, including AED 23.7 billion in imports, AED 16.2 in exports and AED 19 billion in re-exports.
The Kingdom of Saudi Arabia (KSA) maintained its top place among the UAE trade partners in the GCC in the comparison period. The UAE-KSA trade hit about AED 19.8 billion with 33.6% of the total trade with the GCC states. Oman came second with AED 14.1 billion (23.8%), then Kuwait with AED 12.1 billion (20.5%), Bahrain with AED 6.6 billion (11.2%) and finally Qatar with AED 6.4 billion (10.8%).
The UAE total foreign trade with the Arab countries hit about AED 97.5 billion in the first eight months of 2012, including AED 44.1 billion in imports, AED 23.1 billion in exports and AED 30.3 billion in re-exports. The initial statistics showed that gold, diamond, jewels and jewelry, cars and phones are the best ten selling goods in the UAE non-oil foreign trade, in form of imports, exports and re-exports.
“Gold tops the imports in the comparison period with AED 87.4 billion, followed by diamond with AED 25.6 billion, then cars with AED 24.8 billion, and jewels and jewelry with AED 24.1 billion, and phones with AED 7 billion”, the FCA said.
Gold is also on the top of the exports in the comparison period with AED 64.6 billion, followed by polyethylene and polypropylene with AED 4.7 billion and jewels and pieces of jewelry with AED 3.8 billion and the crude aluminum with AED 3 billion and petroleum and other oils with AED 2.1 billion.
Diamond came at the top of re-exports in the comparison period with AED 26.4 billion, then jewels and pieces of jewelry with AED 20.3 billion, cars with AED 11.1 billion, phones with AED 8.3 billion and parts and accessories of locomotives with AED 3.3 billion and gold with AED 2.5 billion.
According to the FCA, the total trade in markets and free zones hit about AED 11 billion in the eight months, including AED 5.5 billion in imports, AED 904 million in exports and AED 4.7 billion in re-exports.