1.3 billion UAE trade surplus with Arab countries 2020

1.3 billion UAE trade surplus with Arab countries 2020
1.3 billion UAE trade surplus with Arab countries 2020

The surplus of the UAE’s trade balance with Arab countries amounted to about 1.3 billion dirhams during the past year 2020, according to the latest statistics of the Federal Center for Competitiveness and Statistics.

The statistics showed that the surplus in the trade balance achieved last year came after the UAE achieved national non-oil exports of about 78 billion and 24 million dirhams, compared to imports of about 76 billion and 712 million dirhams, and the value of re-exports amounted to 175 billion and 950 million dirhams, bringing the total trade between the Emirates And the Arab countries are about 330 billion and 686 million dirhams, equivalent to 24% of the country’s total trade with the countries of the world.

Crude or half-worked gold came to the fore in the most important non-oil national commodities, which were exported from the UAE to the Arab countries last year, with a value exceeding 8.57 billion dirhams, followed by cigarettes with about 7.2 billion dirhams, then copper wires 4.06 billion dirhams, and ornaments, jewelry and their parts 3.59 billions of dirhams, and oils and light petroleum preparations (not crude) at a value of 2.9 billion dirhams.

While in terms of the 5 most important commodities imported by the UAE from Arab countries last year, raw or semi-worked gold came with a value of 23.3 billion dirhams, then oils and light petroleum preparations (non-crude) 17.7 billion dirhams, ethylene polymers 2.1 billion dirhams, iron ores and concentrates 1.58 billion dirhams, And insulated wires and cables for electricity 1.38 billion dirhams.

Telephones and other devices for network communication came at the forefront of the most important commodities that were re-exported from the UAE to Arab countries last year with a value of 39.4 billion dirhams, then machines for self-processing of information and their units with a value of 12.6 billion dirhams, followed by cars with about 12.19 billion dirhams, then oils and cosmetics Light petroleum (not crude) 10.17 billion dirhams, and parts and supplies for vehicles 4.39 billion dirhams.

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