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Abu Dhabi, UAESunday 24 June 2018

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 value of re-exported goods from the UAE rose last year. Reuters
The value of re-exported goods from the UAE rose last year. Reuters

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.

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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.