{"id":208854,"date":"2021-09-16T23:55:09","date_gmt":"2021-09-16T23:55:09","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=208854"},"modified":"2021-09-18T11:06:53","modified_gmt":"2021-09-18T11:06:53","slug":"foreign-trade","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/foreign-trade\/","title":{"rendered":"UAE’s non-oil foreign trade in 2020 amounts to $400bn"},"content":{"rendered":"

The volume of non-oil foreign trade with the world amounted to $400 billion last year, the Federal Competitiveness and Statistics Center<\/a> (FCSC) in the UAE stated.<\/p>\n

The UAE said that its non-oil exports rose in 2020, by 10.1% compared to the previous year.<\/p>\n

UAE’s non-oil national exports during the year 2020 rose to the equivalent of 23.4 billion dirhams ($6.81 billion), to reach 254.6 billion dirhams ($74.14 billion) compared to 2019, FCSC said.<\/p>\n

Foreign trade<\/h2>\n

The value of the country’s imports amounted to 785.1 billion dirhams ($228.61 billion), representing 56% of the total trade, and re-exports with a value of 363.4 billion dirhams ($105.82 billion), representing 26% of the total trade, FCSC said.<\/p>\n

China topped the UAE’s most important trading partners, with merchandise trade with it reaching 174 billion dirhams ($50.67 billion), followed by Saudi Arabia with 104 billion dirhams ($30.28 billion).<\/p>\n

India came in third place as one of the state’s most important strategic partners, with a value of 102.5 billion dirhams ($29.85 billion), followed by the United States of America with a value of 80.2 billion dirhams ($23.35 billion), and Iraq with a value of 53 billion dirhams ($15.43 billion).<\/p>\n

The first five countries combined during 2020 accounted for 36.6% of the country’s total non-oil foreign trade, while in 2019 it represented 44.1%, which the UAE considered “a strengthening of the competitive position in the index of focus on exports from partners.”<\/p>\n

Five markets<\/h2>\n

At the level of the five most important markets for imports to the UAE, China topped the first place with a value of 144.4 billion dirhams ($42 million), followed by the United States of America with 60.5 billion dirhams ($17.62 billion).<\/p>\n

It was followed by India with 60.5 billion dirhams ($17.62 billion), Japan with 34.7 billion dirhams ($10.10 billion) and Germany with 26.7 billion dirhams ($7.77 billion), with the first five countries contributing 41.6% of the total volume of imports to State, China alone accounted for 18.4%.<\/p>\n

On the side of the country’s total non-oil trade of the most important commodities, it topped the trade of raw and semi-worked gold, with a value of 242.43 billion dirhams ($70.59 billion), and telephone equipment, including cellular and wireless network devices, with a value of 150.07 billion dirhams ($43.70 billion).<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The volume of non-oil foreign trade with the world amounted to $400 billion last year, the Federal Competitiveness and Statistics Center (FCSC) in the UAE stated. The UAE said that its non-oil exports rose in 2020, by 10.1% compared to the previous year. UAE’s non-oil national exports during the year 2020 rose to the equivalent […]<\/p>\n","protected":false},"author":4,"featured_media":208855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[607],"tags":[],"class_list":["post-208854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special"],"yoast_head":"\nUAE's non-oil foreign trade in 2020 amounts to $400bn | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport | The volume of non-oil foreign trade with the world amounted to $400 billion last year, the Federal Competitiveness and Statistics Center stated.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/foreign-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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