UAE exports grows 61% to Dhs135.7bn

The UAE non-oil exports show a flat and stable growth, confirming the good reputation of these exports in the global markets, said the Federal Customs Authority (FCA) in a press release Monday. "The value of the UAE non-oil exports rose in the first nine months of 2012 to Dhs135.7bn compared to Dhs84.4bn in the same period of the last year," said the FCA. The total foreign non-oil trade (minus the free zones trade) in the first nine months of 2012 rose by Dhs99bn to Dhs783.5bn compared to Dhs684.9bn in the same period of the last year, said the FCA. "The preliminary statistics of the UAE non-oil foreign trade showed that gold has been the major item in the UAE export structure at a top of the major ten exported goods with Dhs79.8bn, followed by ethylene polymers in the basic forms with Dhs5.3bn, jewelry and jewels with Dhs4.9bn, crude aluminum with Dhs3.3bn, propylene polymers in the basic forms with Dhs2.9bn, petroleum oils and oils obtained from bituminous minerals with Dhs2.4bn," the FCA said. "The UAE imports achieved the same growth rates as previously recorded," said the FCA. "The imports grew by 13% in the first nine months of the last months, rising by Dhs55bn to Dhs495bn compared to the same period of the last year. Gold came at the top of the major ten commodities imported in the same period with Dhs106.4bn, followed by diamonds with Dhs29.7bn, cars with Dhs28.1, jewels and pieces of jewelry with Dhs27.2bn, jet and propeller turbines with Dhs10.6bn and phone devices with Dhs8.3bn," the FCA indicated. The re-exports to the foreign markets, said the FCA, plunged by 5% to Dhs152.7bn compared to Dhs160.6bn in the period of comparison. The diamond came at the top of the major re-exported commodities in the first nine months of 2012 with Dhs26.4bn, followed by jewels and pieces of jewelry with Dhs20.3bn, cars with Dhs11.1bn, phones including mobiles or other wireless networks with Dhs8.3bn and fiber glass with Dhs4.2bn. "In terms of weight," the FCA said, the total non-oil foreign trade hit 98.9 million tons, including 42.6 million tons in imports, 48.7 million tons in exports and 7.5 million tons in re-exports. "The trade structure has maintained stable order of regions in terms of major partners in the first nine months of 2012," said the FCA.