357.8 billion UAE trade in pearls and precious stones

357.8 billion UAE trade in pearls and precious stones
357.8 billion UAE trade in pearls and precious stones

The value of the UAE’s trade in natural pearls, precious or semi-precious stones, precious metals and manufactures of these materials amounted to about 357 billion and 873 million dirhams, weighing 13 thousand and 411 tons last year, according to the latest data of the Federal Competitiveness and Statistics Center.

This trade constituted about 25.5% of the UAE’s total non-oil foreign exchanges during the past year, which exceeded 1.4 dirhams, topping the first ranks as the largest trade value compared to all other commodities. The UAE’s trade in pearls, precious stones and precious metals last year amounted to 111.83 billion dirhams for exports, weighing 3.14 thousand tons, an increase of 47% compared to about 76.07 billion dirhams, weighing 4.17 thousand tons in 2019, also rising from 63.8 billion dirhams, weighing 2.82 thousand tons in 2018.

The Competitiveness and Statistics report indicated that the value of imports reached 192.7 billion dirhams, weighing 6.28 thousand tons last year, a decrease of 10.4%, compared to 215.13 billion dirhams, weighing 9.19 thousand tons in 2019, compared to 198.87 billion dirhams, weighing 10.2 thousand tons in 2018. According to Competitiveness and Statistics Re-export trade amounted to 53.34 billion dirhams, weighing 3.97 thousand tons, compared to 99.58 billion dirhams, weighing 12.26 thousand tons in 2019 and 104.6 billion dirhams, weighing 21.58 thousand tons in 2018.

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