Saudi Arabia and Indonesia call for immediate end to Gaza catastrophe Private sector companies sign pacts worth $27 billion during visit of President Prabowo    Prince Faisal and Marco Rubio discuss over phone regional situation    Saudi Arabia and Indonesia agree to bolster bilateral ties Crown Prince and President Subianto chair first meeting of Saudi-Indonesian Supreme Coordination Council    Number of Sakani platform users exceeds 4.6 million by first half of 2025    International visitors spend nearly SR50 billion in Saudi Arabia during 1Q 2025    Saudi Arabia condemns calls for imposing Israeli sovereignty over occupied West Bank    Lacazette joins NEOM SC as Saudi Pro League newcomers boost attack with French star    Al Hilal sign Abderrazak Hamdallah on loan for Club World Cup push    Trump says Israel has agreed on terms for 60-day ceasefire in Gaza    New evidence suggests Russian forces shot down Azerbaijan Airlines Flight 8243    Iran's president halts cooperation with UN nuclear watchdog, reports say    Commerce Ministry recalls over 88,000 Anker portable chargers over fire risk    Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector    BTS are back: K-pop band confirm new album and tour    Saudi FM receives message from Iranian counterpart    Inzaghi hails 'historic' Al Hilal win over Man City: We climbed a mountain with no oxygen    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    Al Hilal stun Manchester City in seven-goal thriller to reach Club World Cup quarterfinals    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Arabia UAE's top trading partner in Gulf
Published in The Saudi Gazette on 17 - 08 - 2011

oil foreign trade has risen for Q1 2011 compared to the same quarter of the last year.
Federal Customs Authority (FCA) preliminary statistics showed that UAE non-oil foreign trade has grown for the said period by 25 percent compared to the same period of the last year as total non-oil foreign trade has grown from AED237.5 billion during Q1 2010 to AED297.3 billion in Q1 2011, an increase of AED59.8 billion.
In a statement Tuesday, FCA said preliminary statistics for Q1 2011 show a 21.6 percent growth in imports to increase from AED155.9 billion during Q1 2010 to AED189.6 billion for the same quarter in 2011. On the other hand, exports witnessed an astounding growth by 23.7 percent for the same period with an increase from AED23.7 billion to AED34.7 billion. Re-exports, however, experienced a growth rate of 25.9 percent to go up from AED58 billion to AED73 billion for the same period.
According to FCA, growth rates in non-oil foreign trade during Q1 2011, compared to Q1 2010 confirm the national economy's course of recovery and restoration of the pre-world financial crisis growth rates. Statistics also feature skyrocketing growth rates in exports and re-exports; facts reflecting positive trends of the national economy in terms or productivity, exports, re-exports and higher competitiveness for national products in global markets.
For FCA, in terms of value, UAE total foreign trade in April, 2011 valued YoY AED68.9 billion compared to AED58.9 with an increase of 17 percent. April Imports, in turn, hit YoY AED42.9 billion with an increase of 11 percent. Exports achieved YoY AED10.3 billion with an increase of 59 percent. Yet, re-exports recorded a YoY increase of 14 percent to hit AED15.8 billion.
However, weight-wise UAE total foreign trade in April, 2011 has hit 6.1 m tons, of which 3.7 m tons in imports, 1.7 million tons in exports and 652 thousand tons in re-exports. Accordingly, daily average of consignments and shipments, in exports and imports and re-exports, handled at various custom ports reached 25 thousand tons against an official daily man-hours of 8 hours / 5 days a week, with an average of 3 thousand tons / hour.
FCA said each of India, China, the US, Germany, Japan, South Korea, Italy, Saudi Arabia, the UK and Switzerland, respectively, topped exporters' list to the UAE in April, 2011 with a total value of AED25.4 billion, or 59 percent of the UAE total imports. On the level of non-oil exports, India, Canada, Switzerland, Saudi Arabia, Kuwait, Iran, Qatar, Oman, respectively, spearheaded importers from the UAE with AED8.3 billion, accounting for 80 percent of the UAE exports. Meanwhile, India, Iran, Iraq, Afghanistan, Hong Kong, Saudi Arabia, Kuwait, Belgium, Bahrain and Oman topped the list in terms of re-exports with AED11 billion, representing 70 percent of the UAE total re-exports.
The total value of UAE-GCC non-oil foreign trade hit AED5.4 billion in April 2011, of which AED2.3 billion in imports, AED1.2 billion in exports and AED2 billion in re-exports. Saudi Arabia maintained its first rank among GCC region's trading partners with a total value of AED2.5 billion in April 2011. Kuwait came second with AED946 million followed by Oman (AED791 illion), Bahrain (AED648 illion) and finally Qatar (AED563 million).
"UAE total foreign trade with Arab countries in terms of value amounted to AED9.4 billion in April, 2011, with AED4.1 billion worth of imports, AED1.8 billion worth of exports and AED3.5 billion of re-exports. Saudi Arabia topped the list of Arab states in terms of non-oil trade with the UAE, followed by Sudan, Oman, Iraq, Egypt, Bahrain, Kuwait, Qatar, Morocco, Lebanon, Yemen, and Algeria. Djibouti and Comoros tailed the list." The preliminary statistical data of April, 2011 showed that gold ranked first among imports with a value of AED6.7 billion, followed by diamond with AED4.1 billion, ornaments and jewelry with AED2.2bn, cars with AED1.9 billion, telephone sets AED930 million, jet, propelling and gas vehicles with AED668 million, silver with AED635 million, in addition to spare parts and accessories of tractors, vehicles for special uses, passenger vehicles and goods vehicles (AED591 million).
Gold, according to FCA, also came first among exports in April, 2011 with AED4.3 billion, followed by fire-fighting, guiding and other ships with AED2.6 million.


Clic here to read the story from its source.