UAE's re-exported goods trade value rises to Dh546bn in 2017
Re-exported goods formed 47.4 per cent of the UAE’s exports last year
The trade value of re-exported goods in the UAE reached Dh546.5 billion in 2017, compared to Dh532.9bn in 2016, a growth of 2.7 per cent.
According to statistics on international commercial trade, re-exported goods formed 47.4 per cent of the UAE’s exports last year. Statistics from the Central Bank of the UAE highlighted the continuing growth in the trade of re-exported goods, despite the slowdown of the global economy. The value of this sector reached rose to Dh532.9bn in 2016, rising toDh546.5bn in 2017.
Along with free zones with attractive infrastructure and legislative environments, the trade in re-exported goods has given the national economy a competitive advantage over other countries in the Middle East, and promoted its stature as a major player in international trade, according to state news agency WAM.
Re-exported goods include imports from abroad that go through customs, which are then re-exported by a third party without being processed.
The trade passing through the free zones of Emirati ports represent over three quarters of the country’s total exports.
Updated: April 2, 2018 10:15 AM