UAE Gains 19th Position Worldwide with $231 Billion Exports

posted on: Aug 7, 2009

The UAE’s exports remained all time high of more than $231 billion (Dh848.5bn) last year and turn it into the 19th largest exporter in the world.

A sharp rise in its imports also pushed the country to the 27th rank in the world’s top importers becoming the only Arab nation to be placed in the list of the largest 30 global importers of goods.

Inter-Arab Investment Guarantee Corporation (IAIGC), an affiliate of the Cairo-based Arab League, noted that the boost was a result of an increase of about 40 per cent in crude prices in 2008, higher oil output by the UAE, and a rise in non-oil exports and re-exports, mainly from Dubai and its Jebel Ali free zone.

The increase turned the UAE into the second largest Arab exporter after Saudi Arabia and the 19th top world exporter of goods, accounting for about 1.4 per cent of the world’s total exports of goods.

A breakdown showed Germany topped the list of exporters with about $1.46 trillion, followed by China with an export value of $1.42trn in 2008.

In imports, the UAE was the only Arab nation to be included in the list of the world’s top 30 importers, ranking 27th with total imports of $159bn. It accounted for one per cent of the world’s total imports.

Unknown
Dubai City Guide