UAE’s non-oil trade reaches Dh1.4 trillion in 2020

Eudore R. Chand

ABU DHABI 15 September 2021: The value of the UAE’s non-oil foreign trade stood at Dh1.403 trillion in 2020. No comparative figures for the previous year were announced.

According to the data released by the Federal Center for Competitiveness and Statistics (FCSA), the UAE non-oil exports grew 10.1 percent in 2020 to Dh254.6bn as compared to 2019, said Wam.

The imports hit Dh785.1bn, accounting for 56 percent of total merchandise trade, with re-exports comprising 26 percent, or Dh363.4bn, of the total trade volume in the reference year.

China retained its top rank as the main trading partner of the UAE, with the bilateral trade value reaching Dh174bn, followed by Saudi Arabia at Dh104bn, with India in the third place at Dh102.5 bn. The US was the fourth largest trade partner at Dh80.2 billion and then Iraq at Dh53 billion. The five countries account for 36.6 percent of the UAE’s non-oil foreign trade, as compared to 44.1 percent in 2019, thus corroborating the improved competitiveness status boasted by the UAE in terms of diversifying into multiple markets.

Switzerland topped UAE’s export markets with Dh29.2bn, receiving 11.5 percent of the UAE’s non-oil exports, followed by Saudi Arabia, Dh25.6bn, India, Dh19.7bn, then Turkey, Dh18.4bn and Italy, Dh18.2 bn.

China is the UAE’s top import partner, with a total value of Dh144.4bn of non-oil commodities, followed by the US, Dh60.5bn, India, Dh60.5bn, Japan, Dh34.7bn and Germany, Dh26.7bn. The five countries account for 41.6 percent of the UAE’s imports.

In terms of re-exports, Saudi Arabia comes first with a total value of Dh54.6bn, followed by Iraq, Dh40.6bn, Oman, Dh23.3bn, India, Dh22.3bn, and then China, Dh19.6bn.

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