UAE's re-exports hit $284bn in three years
ABU DHABI, October 29, 2019
The total recorded re-exports of the UAE amounted to Dh1.046 trillion ($284.7 billion) over the past three years, which accounted for 25 percent of the UAE's total trade volume during the same period, valued at Dh4.141 trillion.
Statistics revealed by the Federal Competitiveness and Statistics Authority (FCSA) indicated an upward growth trajectory in the foreign trade sector over the past three years, with 2016 seeing the country's foreign trade spiralling to Dh1.078 trillion and re-exports comprising 20 percent, i.e. Dh215 billion, reported WAM.
2017 witnessed a turning point in the country's regional status as a key trading hub, during which re-exports surged to around Dh400 billion, accounting for 26.2 percent of the total trade volume that stood at Dh1.527 trillion.
The momentum continued in 2018, seeing re-exports edging up to Dh431 billion, comprising 28 percent of the total trade volume which stood at Dh1.536 trillion.