One billion dirhams UAE trade in pearls in 2020 357.8

One billion dirhams UAE trade in pearls in 2020 357.8
One billion dirhams UAE trade in pearls in 2020 357.8

The Federal Competitiveness and Statistics Center announced that the total value of the UAE’s trade in pearls, precious and semi-precious stones, precious and semi-precious metals and their products amounted to more than 357 billion and 873 million dirhams during the past year, with a total weight of 13 million and 411 thousand tons.
In a report issued recently on “the UAE’s non-oil foreign trade in 2020,” and “Emirates Today” obtained a copy of it, the center explained that the total value of the UAE’s imports of natural and cultured pearls, precious and semi-precious stones, precious and semi-precious metals, and their products amounted to 192 billion and 698 million dirhams, while the total value of the state’s exports amounted to 111 billion and 834 million dirhams, and the volume of re-exports amounted to 53 billion and 341 million dirhams in 2020. The pearl trade in the UAE has returned to prosperity during the past years, thanks to scientific and technological progress, where It has become easier than it was in the past, as there is no longer a need to dive and search for oysters to obtain pearls. Rather, pearls are extracted now through human intervention in a process called pearl cultivation, so that the appropriate environment is provided, and elements that help to extract pearls faster.

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