2019 saw UAE’s non-oil trade increase by 4.4%

It increased to a Dh1.603 trillion compared to Dh1.536 in 2018

By Rahul Vaimal, Associate Editor
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A study conducted by the Federal Competitiveness and Statistics Authority found that UAE’s total non-oil trade grew from Dh1.536 in 2018 to Dh1.603 in 2019. It is a growth of 4.4%.

The figures show that all trades in the non-oil-related indexes in the UAE enhanced last year, led by the export and re-export trade indices, with the latter amounting to Dh457.4 billion against Dh431.55 billion in 2018, accounting for 28.5 percent of total foreign trade.

During the reference period, exports comprised 14.4 percent of the total trade volume, rising from Dh206 billion to Dh231.23 billion. The imports saw an increase from around Dh898.37 billion to Dh914.8 billion, 58 percent, of the total foreign trade.

The FCA said that the country’s non-oil trade partners remained stable in the year, with Asia and the Pacific Ocean region dominating the top of the list. China comes first with a total trade exchange volume of Dh184.15 billion last year, followed by India at Dh152 billion.

Saudi Arabia comes third with a total trade exchange of Dh113.25 billion, then the US, Dh96.56 billion, Switzerland, Dh65.2 billion, and then Oman, Dh55.4 billion. The trade volume with Iraq reached Dh53.75 billion, while it amounted to Dh48 billion with Japan, Dh44.7 billion with Germany and Dh38.88 billion with Kuwait.