UAE's non-oil trade with China surges to $468bn in 10 years
ABU DHABI, October 1, 2022
The non-oil trade between the UAE and China has increased by 78.5% from 2012 to 2021, to hit AED223.5 billion ($60.8 billion) by the end of 2021 compared to AED125.1 billion ($34 billion) in 2012, according to a report by Wam.
As per figures from the Federal Competitiveness and Statistics Centre (FCSC), during this reporting period, the total value of their non-oil trade exceeded AED1.72 trillion - including imports valued at AED1.53 trillion, non-oil exports valued at AED64 billion, and re-exports valued at AED121 billion.
The FCSC’s figures also showed that the non-oil trade exchange between the UAE and China in the first half of 2022 totalled AED118.4 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.
The year 2017 recorded the highest trade exchange in the last decade worth AED195.6 billion, up 15% compared to 2016, stated the report.
Telecommunications devices 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, said the report by Wam.
In last year’s list of re-exports to China, telecommunications devices came in the first place with AED8.3 billion, followed by data processing equipment with AED2.09 billion, vehicles with some AED1.5 billion, raw nickel with AED1.3 billion, and car accessories with AED600 million, it added.
