UAE-China Non-Oil Trade Up 78.5%
Non-Oil UAE-China Imports & Exports Also Up To US$32 Billion in 2022 YTD
The trade diversification policies outlined by the Emirates several years ago have been paying off, as non-oil trade between the UAE and China increased by 78.5% in the nine years from 2012 to 2021, reaching AED223.5 billion (US$60.85 billion) for 2021.
According to figures from the Federal Competitiveness and Statistics Centre (FCSC), during the 2012-2021 period, the total value of non-oil trade exceeded AED1.72 trillion (US$468.28 billion).
The FCSC’s figures also showed that the non-oil trade exchange between the UAE and China in the first half of 2022 reached AED118.4 billion (US$32 billion), consisting of imports valued at AED102.7 billion, non-oil exports valued at AED5.5 billion, and re-exports valued at AED9.8 billion.
Telecommunications devices have topped the list of goods imported from China over the past year, amounting to AED70 billion, followed by data processing equipment at AED23.6 billion, medical vaccines at AED4.1 billion, display screens at AED2.5 billion, and headphones and amplifiers at AED2.5 billion.
In the list of top five goods exported to China, ethylene polymers came in the first place with AED4 billion, followed by propylene polymers with AED1.9 billion, rapeseed oil with AED1.4 billion, copper scraps with AED600 million, and residues of fatty oil extraction with AED570 million.
UAE exporters interested in the China market may contact Dezan Shira & Associates local Dubai office at email@example.com. The firm has 30 year’s experience of assisting foreign investors into the China market and has 13 offices throughout the country.
Their 2022 Doing Business in China guide may be downloaded on a complimentary basis here.
Middle East Briefing is produced by Dezan Shira & Associates. We provide foreign investment market intelligence about doing business in the region as well as provide updates on investments into Asia for Middle eastern based international companies from our offices in Dubai. Our firm was established in 1992 and has 28 offices and several hundred research, legal, tax and compliance professionals in our offices through the Asian region.
For assistance with establishing business in the Middle East, or for assistance in analyzing and entering markets elsewhere in Asia, please contact us at firstname.lastname@example.org or visit us at www.dezshira.com.