The UAE has ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5 billion, according to the Arab Monetary Fund (AMF).

 

Saudi Arabia comes second to the UAE with approximately $69 billion and a 21.2% stake, followed by Morocco with $19.9 billion and a 6.1% share, it stated.

 

As per AMF's Joint Arab Economic Report, the UAE's manufacturing industry exports account for 43.9% of overall Arab exports of manufacture, owing to strong growth in the field of re-exports.

 

Manufacturing industry exports in Arab countries totaled $325 billion in 2021, up from $244 billion in 2020, thus registering a 33.2% increase, thanks mainly to unwinding of Covid-19 restrictions.

 

Egypt stood fourth with a 6.1% share followed by Tunisia (4%), Bahrain (2.2%), Jordan (2.1%), Kuwait (2%) and Algeria (1.1%). The others in the list are Lebanon with 0.8% share, Libya with 0.5%, Palestine (0.5%), Djibouti (0.5%) and Iraq with a 0.1% stake.-TradeArabia News Service