AED 1.046 trillion worth of re-export trade during the last three years

Abu Dhabi 28-10-2019
The UAE has reinforced its role as a regional center for re-export trade over the past few years with the support of a competitive environment classified as the most attractive in the regional level in what is among the best in the world according to international specialized references.
Official statistics show that the value of re-export trade reached AED 1.046 trillion during the past three years, accounting for 25% of the total UAE trade in the same period of monitoring, which amounted to AED 4.141 trillion.
The re-export trade is a predominant feature of the UAE economy on the international trade level, as the country has invested, over the past decades, in the network of ports, transport and infrastructure, in addition to providing attractive legislation and other logistics services, which have contributed in its entirety to enhance economic and trade relations with partners. In different countries of the world.
The re-export trade includes all imported from abroad and enters the customs and economic zone, becomes part of the commodity balance and then re-exported as it is from a third party without any modification according to the applicable international standards.
Although the re-export figures, which are about one-third of the total exports of the federal state, sometimes fall within the total figures of national exports in the balance of trade, but accurate technical statistics distinguish between them and the local industry in the figures of trade with countries, trade free zones from the ports of the UAE With some countries more than three quarters of total export traffic.
According to statistics issued by the Federal Competitiveness and Statistics Authority, the growth momentum in the foreign trade sector has continued over the past three years, which is evident in the continuation of the index of the sector for its upward trend, reflecting the activity witnessed by all economic sectors.
In 2016, the total foreign trade value of the UAE amounted to AED 1.078 trillion, of which re-export trade amounted to AED 215 billion, or 20%.
The year 2017 marked an important turning point in strengthening the UAE’s status as a regional center for re-export trade, which almost doubled to the level of 400 billion dirhams, as shown by figures issued by the Federal Competitiveness and Statistics Authority.
With the significant development witnessed in the re-export trade, it rose to about 26.2% of the total value of the country’s trade during the year before the previous, which amounted to 1.527 trillion dirhams.
This type of trade continued in 2018 with a value of 431 billion dirhams, or 28% of the total trade of about 1.536 trillion dirhams.