UAE’s re-exports market accounts for 28% of country’s total trade

The UAE’s total re-export market amounted to Dhs1.046 trillion in the past three years, as per official statistics by the Federal Competitiveness and Statistics Authority, official news agency WAM reported.

The Dhs1.046 trillion re-exports figure made up 25 per cent of the country’s total trade volume, worth Dhs4.141 trillion, during the same period.

Figures suggest an upward growth trend in the foreign trade sector over the past three years. In 2016, the country’s foreign trade totaled Dhs1.078 trillion with re-exports equaling Dhs215bn.

In 2017, re-exports grew to around Dhs400bn, constituting 26.2 per cent of the total trade volume of Dhs1.527 trillion. In 2018, re-exports scaled further to Dhs431bn, accounting for 28 per cent of the total trade volume totaling Dhs1.536 trillion.

Looking specifically at Dubai, the emirate’s re-exports accounted for 31 per cent of its total external trade, according to the Dubai Customs website.