Dubai’s external trade up ten times to Dhs1.271tr since 2000
The growth reflects the resilience of the national economy and the pivotal role Dubai plays in the global trade
The non-oil external trade of Dubai has increased about ten times between 2000 and 2019 rising from Dhs143 billion in 2000 to Dhs1.271 trillion in 2019. In the first half of 2020, Dubai trade made around Dhs551 billion, according to trade figures released by Dubai Customs on the occasion of the UAE 49th National Day celebrations.
The figures reflected the significant role the oldest government department played in developing and enhancing Dubai and the national economy through the years.
In its long journey, Dubai Customs has gone through different stages of development. In the 1970’s, it established Customs Centres to control Dubai’s sea, air and land ports. These included coastal customs centres at Dubai Creek, Port Rashid and Jebel Ali Customs Centre.
With the development of airports, customs centres were established at Dubai International Airport, Al Maktoum Airport, Air Cargo Customs centres, among others.
As of first of April 2001, Dubai Customs went into a new development phase with the launch of the Ports Customs and Free Zone Corporation. Ater His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, assumed his position on 4 January 2006, Dubai Customs witnessed significant development in performance and services, which led to raise the UAE to first place on the Customs Efficiency Index.
Ahmed Mahboob Musabih, Director-general of Dubai Customs, said, “Dubai Customs keeps developing and evolving to keep abreast with the latest technologies, provide its clients with the most advanced services, and maintain its global leading status. We are celebrating the 49th National Day with the development of new initiatives and projects that will help catapult us to even higher status and enable us to serve our clients in the best possible way.”
Dubai Customs has facilitated customs procedures through a number of leading projects. Towards efficient communication with its clients, it organises regular meetings through the Dubai Customs Consultative Council, and it has launched Ertebaat initiative for coordination with the diplomatic missions and the foreign businesses groups.
Customs transactions completed by Dubai Customs grew 44 per cent in 5 years (2015-2019) to 13 million transactions at the end of 2019 compared to 8.9 million transactions in 2015. The growth reflects the resilience of the national economy and the pivotal role Dubai plays in the global trade. Customs transactions in the first half of 2020 grew 41 per cent to 7.252 million transactions compared to 5.138 million transactions in the corresponding period last year.
Dubai Customs launched the Authorised Economic Operator, AEO, which helps member companies with beter access to the markets. More than 60 per cent of customs transactions (4.4 million) were completed through the programme in the first half of 2020. There are now 77 companies, who are members of Dubai Customs’ AEO programme, achieving 36 percent saving in operational costs and faster clearance by 53 percent.
With regard to innovation, Dubai Customs has developed 237 innovations since 2010, including 32 innovations in 2020.
Another important initiative is the launch of the ‘Virtual Corridor’, which enables the movement of goods faster, easier and cheaper. Around 324,435 customs transactions were completed through the initiative in 2018.
In 2005, the organisation established the IPR Department, which plays its role in protecting the society from counterfeited brands, and for this, it launched a number of initiatives to raise awareness around the intellectual property rights.
The ‘Virtual Stock Guarantee’ was also launched by Dubai Customs to support re-export activity from free zones to external markets. More than 18,000 companies based in 24 free zones and 37 customs warehouses can benefit from the facility. Also, customs warehouse companies willing to use it to re-export their goods solely through Dubai’s air and seaports, and the UAE land exits.
Dubai has recorded $150 billion (Dhs551 billion) worth of non-oil external trade in H1 2020, with imports accounting for $87.1 billion ( Dhs320 billion), exports accounting for $20.9 billion (Dhs77 billion), and re-exports amounting to $41.9 billion (Dhs154 billion).
A total volume of 44 million tonnes of goods were traded through Dubai including 30 million tonnes of imports, 8 million tonnes of exports and 6 million tonnes of re-exports.
According to DP World group chairman and chief executive officer and chairman of ports, customs and free zone corporation, Sultan Bin Sulayem, “The economy has efficiently navigated the turbulence in international markets by forging partnerships with markets less affected by the economic crisis.”