Despite the extremely difficult economic repercussions left by the “Covid-19” pandemic and its profound effects on the entire global economy, including commercial exchanges, the Emirate of Dubai succeeded in avoiding the worst in light of this exceptional global circumstance and achieved strong results for its non-oil foreign trade sector during the half The first of this year.
Which exceeded half a trillion dirhams, as a result of decades-long efforts to apply best practices and international standards and to make huge investments in establishing a strong logistical and technical infrastructure of ports, airports, roads and free zones all supported by logistical and customs services and facilities that are among the best in the world.
The value of Dubai’s non-oil foreign trade in the first half was 551 billion dirhams, divided into imports worth 320 billion, exports worth 77 billion, and re-exports worth 154 billion, while the amount of goods in Dubai’s foreign trade during this period amounted to 44 million tons, distributed by 30 million. Tons of imports, 8 million tons for exports, and 6 million tons for re-exports.
An important tributary
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World Group and Chairman of the Ports, Customs and Free Zone Corporation, said: Trade continues to play an important tributary to diversifying the emirate’s economic structure, while the foreign trade sector during the Covid-19 pandemic showed great flexibility and high readiness. In dealing with the crisis and providing the best facilities and services for global trade to help it pass this difficult stage with the least losses.
While the Dubai government has provided several packages for commercial and economic stimulus, in implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, to give an example in dealing with crises with the aim of overcoming them and completing the comprehensive economic development process with great confidence and optimism for the future. .
He added: The foreign trade sector during the first half, which is the period that witnessed the height of the current global crisis, proved its ability to achieve an advanced level of performance despite the existing challenges that most of the world’s economies are facing, with its great flexibility in dealing with global markets and transforming its operations very quickly. Towards the markets less affected by the economic crisis in order to maintain a large volume and high value of trade exchange with the countries of the world, enabling it to start again and with great force once the repercussions of the global economic crisis recede.
He pointed to continuing work in light of the strategic goals set, and said: Development processes are continuing for all entities affiliated with the Ports, Customs and Free Zone Corporation to be at the highest levels of readiness that enable them to continuously enhance their performance in support of Dubai’s progress and economic growth.
We have benefited to the maximum extent from the work experience in light of the precautionary measures to prevent the spread of the epidemic, and we learned a lot from it in terms of the necessary development during the next stage in the method of work and methods of performance, especially in the field of using modern technology and applications of smart information technology and artificial intelligence in the performance of all our tasks efficiently and with the best A level of achievement and distinction.
Customs transactions
For his part, Ahmed Mahboob Musabih, Director General of Dubai Customs, confirmed that foreign trade benefited from the implementation of economic stimulus packages and the development of customs services, and said: Despite the current global economic crisis, the customs transactions completed by Dubai Customs recorded a significant increase of 41% in the first half to reach This amounted to 7.2 million transactions, and the department continued to develop new initiatives and projects.
Where the “Siag” project was launched to monitor customs ports in Dubai, especially the Dubai Creek and Hamriyah Port, using modern technologies. Dubai Customs also launched a cross-border e-commerce platform to motivate e-commerce companies to establish electronic distribution centers for them in Dubai.
He continued: The State of Food Security Platform has also been launched at the level of the Emirate of Dubai, as the platform measures immediately and instantly five important indicators of food security: the supply index, the availability of stocks, local production, consumption and prices of all basic food commodities in the emirate.
Global platform
He added: The department has also established a global platform for the member states of the Approved Economic Operator Program, approved by the World Customs Organization, to enable these countries to exchange information, mutual recognition agreements, and best practices between them to obtain the benefits of the program, by keeping pace with the readiness of Dubai Customs in cooperation with the World Customs Organization and the Federal Customs Authority to regulate The Fifth International Conference of the Authorized Economic Operator to be hosted in Dubai during the coming period, noting that the number of members of the Economic Operator Program approved by the Department reached 77 companies, and the number of customs transactions through the program in the first half reached 4.4 million transactions.
He explained that Dubai Customs played an important strategic role during the pandemic in supporting the supply chain globally and locally in cooperation with strategic partners, as the department was keen on business continuity and providing its services around the clock with the best quality levels and the highest speed of completion to enable merchants and companies to deliver their goods to the local and regional markets. The department has also directly applied the economic stimulus packages launched by the leadership to enable dealers to overcome the pandemic, and it has facilitated the rapid clearance of relief shipments of essential materials sent to brotherly and friendly countries to confront this pandemic.
Tangible improvement
Dubai’s foreign trade witnessed a significant improvement in May and June compared to April 2020, during which the general closure measures were applied in most countries of the world to confront the epidemic, as the value of Dubai’s foreign trade increased in May compared to its value in April by 17.2% to reach 75 billion dirhams. Trade in June compared to its value in May by 20%, to reach 90 billion dirhams, which shows that the foreign trade sector managed to return to achieving growth, starting last May.
Dubai’s foreign trade was distributed in the first half to direct trade at a value of 320 billion dirhams, representing 58% of the total value of foreign trade, while the value of free zone trade was 227 billion dirhams, representing 41% of the total, and the value of customs warehouse trade was 4 billion dirhams, representing 1% of the total.
The means of transport used to deliver goods in Dubai’s foreign trade were also varied, which were distributed to the air transported trade at a value of 250 billion dirhams, representing 45% of the total value of foreign trade and 212 billion dirhams, the value of seaborne trade, representing 39% of the total, and 89 billion dirhams, the value of trade transported by land, representing 16. % Of total.
Variety
Dubai’s foreign trade maintained the diversification of its global and regional markets. China came in the center of the first trade partner of Dubai with a trade amounting to 66.4 billion dirhams, followed by India in the center of the second trade partner of Dubai with a value of 38.5 billion, then the United States of America 31.7 billion, and Switzerland in the center of the fourth trade partner with a value of 38.5 billion 24.3 billion, and Saudi Arabia is in the position of the first trading partner of Dubai in the Gulf and the Arab world, and the fifth trading partner in the world, with trade amounting to 24.1 billion dirhams.
Gold, diamonds and jewelry were ranked first among goods in Dubai’s foreign trade, with the trade value reaching 140 billion dirhams, followed by landline, mobile and smart phones with a value of 70 billion, then cars in third place with a value of 25.6 billion, and petroleum oils in fourth place with a value of $ 70 billion. 21 billion, and computers in fifth place with 19 billion dirhams.
The amount of trade in foodstuffs during the first half of 2020 compared with the first half of 2019 witnessed a growth of 15% to reach 9.1 million tons at a value of 32 billion dirhams, and trade in medicines and medical supplies in the first half of 2020 compared to the first half of 2019 achieved a growth of 19% to reach 12.4 One billion dirhams, and e-commerce witnessed a significant expansion during the first half of 2020.
As the number of parcels in e-commerce shipments increased, compared to the first half of 2019, by 150% to reach 4.3 million packages, which shows the extent of Dubai’s success in developing the digital infrastructure that qualifies it to enhance its global role in e-commerce.
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