UAE for­eign trade at Dh499b in first half

The Pak Banker - - Front Page -

ABU DHABI

The to­tal value of UAE’s for­eign trade in the first half of 2012 touched Dh499 bil­lion com­pared to Dh451.6 bil­lion for the same pe­riod in 2011, record­ing an in­crease by Dh47.4 bil­lion, up by 10.5 per cent , the Na­tional Bureau of Sta­tis­tics (NBS) showed on Sun­day.

The NBS said that the im­ports have also in­creased in H1 of 2012 to Dh321.4 bil­lion com­pared to Dh286.3 bil­lion for the same pe­riod of 2011, up by 12.3 per cent.

NBS fig­ures showed that the na­tional ex­ports amounted to Dh77 bil­lion in the first half of 2012 com­pared to Dh55.1 bil­lion for the same pe­riod of 2011, up by 39.7 per cent and the re-ex­ported com­modi­ties have in­creased to Dh100.5 bil­lion dur­ing H1 of 2012 com­pared to Dh110.2 bil­lion for the same pe­riod 2011, down by 8.8 per cent.

“About 30.2 per cent of the im­ported ma­te­ri­als are heavy equip­ment and ap­pli­ances at a cost of Dh97.1 bil­lion,” NBS said, adding that re-ex­ports sec­tor wit­nessed tan­gi­ble im­prove­ments in the last three years.

“Re-ex­ports recorded Dh65 bil­lion in 2009. In 2010, it in­creased to Dh95 bil­lion; in 2011 it went up fur­ther to Dh110.2 bil­lion and down to 100.5 bil­lion in 2012,” NBS fig­ures show.

The to­tal non-oil for­eign trade rose to Dh77 bil­lion in the first half of 2012 com­pared to Dh55.1 bil­lion in 2011, regis- ter­ing a 39.7 per cent in­crease, NBS said.

Infographic “Non-Arab Asian coun­tries ranked first amongst UAE trade part­ners with traded com­modi­ties amount­ing to Dh230.4 bil­lion, 46.2 per cent of the traded vol­ume of com­modi­ties with the rest of the world,” NBS re­vealed.

NBS said: “The EU came sec­ond with a traded amount of Dh107.2 bil­lion in H1, 2012, con­sti­tut­ing 21.5 per cent of the UAE’s trade ex­change with other blocs. The Amer­i­can coun­tries came third with traded com­modi­ties worth Dh46.6 bil­lion, record­ing 9.3 per cent, and the GCC came forth with Dh46 bil­lion at a ra­tio of 9.2 per cent of the UAE for­eign trade ex­change with other coun­tries.”

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