Do you know the biggest aspects of international trade in the UAE ? What is the most important export and import product of the UAE to the world ? stay with us to comprehensive introduce you about dubai economic :).
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what are the major imports of dubai ?
Of the significant achievements of the UAE, in the year 2023 has been trade. At 12 last month, trade to the record-breaking stimulus of growth, the pillar of economic policy, the axis of foreign relations, especially in Cap 28، It has become a new front in the battle against climate change
One of the significant achievements of the UAE, in the year 2023 has been business. At 12 last month, trade to the record-breaking stimulus of growth, the pillar of economic policy, the axis of foreign relations, especially in Cap 28، It has become a new front in the battle against climate change. Trade is now a major component of the UAE’s domestic success, and with preparations to host the World Trade Organization’s Thirteenth Ministerial Conference in February, the actor’s international influence is on the rise but what are the major imports of dubai ?.
UAE economic record
Trade has always been important to the UAE, a bridge that has brought the actor’s products, skills and natural resources to the world and revived the Abu Dhabi economy with its latest ideas and innovations.
But, as per the prospect of « Emirates 2031 who at the end of the year 2022 by Sheikh Mohammed bin Rashid Al Maktoum، The Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai was launched, emphasized, now the cornerstone of the development of the UAE، The economy is and the diversification of the stated goals of 4 trillion dirham (1.09 trillion dollars) in foreign trade, almost twice the current value، and non-oil exports of 800 billion dirham 217 Billions of dollars are a reflection of the power of the trade catalyst.
In this regard, the efforts of the UAE Ministry of Economy in 2023 on categories such as the Comprehensive Economic Partnership Agreement, which seeks to eliminate or reduce tariffs، Removing technical barriers to trade and improving market access to international markets is strategic, is and has been a major asset.
According to the Nation, the UAE-India trade agreement, which entered into force in the year 2022، represents the definition of a powerful new business network covering more than a quarter of the world’s population and will usher in a new era of prosperity.
With the signature of 10 CIPA to date, and ongoing negotiations with many other countries، It is predicted that Abu Dhabi exports will increase by 3 percent and by the year2031 more than153 billion Dirham will be added to GDP، A proposition that reflects the growth of almost 10 percent GDP. In fact, the impact of this program has already been felt: in the first half of the year 2023, non-oil foreign trade reached its highest level to 1.23٫ Trillion Dirham، With non-oil exports to 205 billion Dirham – more.
Also you can Read : 10 best Business ideas in Dubai with low investment
what are the major imports of dubai ?
Due to foreign trade, the UAE market is one of the most dynamic markets around the world, ranked among the 16٫ Grand exporter and 20 largest importer of goods. Top five countries of the UAE partners in the year2014 include Iran(%3) india(%2.9) arabian saudi (%1.5) oman(%1.4) . The top five countries supplying the United Arab Emirates of China( %7.4) united state (%6.4) india(%5.8) germany (%3.9) are Japan (%3.5).
UAE’s major imports are gold, broadcasting equipment, refined petroleum, diamonds, cars, plastics, iron and steels, pharmaceutical products, copper and gas turbines
A variety of fruits, vegetables, vegetables, vegetables such as dates, kiwi, turnip, watermelon, carrots, tomatoes and, of course, rice can be mentioned. Construction stones and zinc metal along with honey, aquatic and fish are also on the list of export goods to the UAE.
pheasants & Saffron Trap & Carpet & Mineral Base Oil & Oil Gas & Liquefied Gas Hydrocarbons & Polyethylene Film With Density Less Than 94 Percent 10 PRODUCTS OF STEEL AND IRON NON-TEMPLATED FLAT, BITUMEN OIL, LIGHT OILS AND PRODUCTS OTHER THAN GASOLINE, OXLENES, ETHYLBENZENE, STYRENE, KYOMEN
UAE, the world’s sixteenth largest exporter of goods!
According to the statistics of exports and imports in the world, the UAE stands in the sixteenth international position. In 2017, the country’s export volume was 314 million tons. The country has tried to make a diverse and attractive list of export products. It is therefore recognized as one of the most important exporters of goods in the Middle East and the world.
Also, due to the increase in the price of Dirham, international merchants try to import goods along with exports to the UAE to increase profits. The UAE is also one of the intermediaries of car exports. Many types of European cars and electric vehicles are entering the Middle East through the UAE.
Emirates International Transport
Dubai’s main airport, as one of the most high-traffic and, of course, the most well-equipped airports in the world, plays an important role in exporting and importing goods to the Middle East and the world. The international airport is also the sixth-largest hub for global shipping. In the railway sector, exciting decisions have also been made for an integrated and extensive transportation system.
The UAE, in collaboration with Abu Dhabi, is working to launch the largest railway system across the country soon. Its ports have also been developed, which has led to the expansion of maritime transport as a cost-effective and ideal way. The country’s most important trading port is the Jebel Ali port, which carries a high share of maritime exports and imports.
