The volume of trade between the UAE and China rises to 196 billion AED 15%

05 07 2018

Non-oil trade between the UAE and China reached 53.32 billion dollars (about 196 billion dirhams) at the end of 2015, with growth of 15.1% compared to 2016, according to a recent report from the Ministry of Economy. The report showed that the increase in trade between the two countries was due to the increase in the value of re-exports from 37.4% to 3.5 billion dollars (12.8 billion dirhams) and imports increased by 14.7% to $ 48.3 billion (177.4 billion dirhams). The free zones accounted for 52% or 27.644 billion dollars in total foreign trade between the two countries, of which 26.587 billion were in foreign trade. imports, 915.5 million re-exports and 142.2 million non-oil exports, while the share of direct trade to 42% or 25.68 billion dollars, of which 21.71 billion imports, 2.58 billion re-exports and 1.38 billion non-oil exports. The country's foreign trade with China accounted for 14.7% of the country's total foreign trade for 2017, according to preliminary estimates released by the Ministry of Economy earlier this year.

According to the Ministry of Economy, foreign trade would rise to 1.7 trillion dirhams in 2017, expressing its expectation of continued growth in state trading in 2018 and in the coming years, the report indicated that the number of registered trademarks in the United Arab Emirates until the end of 2015 was about 4951, in addition to 289 sales offices and 81 Chinese companies. The report indicated that the main UAE investment sectors in China were wholesale and retail trade, vehicle repair, real estate activities, construction, transportation, storage, manufacturing, l & # 39; information and communications. ADNOC, Mubadala, DP World, Union National Bank, Abu Dhabi First Bank, ADCB, Dnata, Ras Al Khaimah Ceramics, Bruges, Technology Investment, Emirates International Aluminum and Al Awai and the Jumeirah Group