WAM Abu Dhabi April 24th, 2011 (WAM) -- Ministry of Foreign Trade said that UAE has achieved a USD 9.5 Billion of surplus in its trade balance with Muslim countries last year as a result of registered improvements in non-oil trade of around 11.9 per cent between both sides from USD 49.9 Billion in 2009 to USD 55.8 Billion in 2010.
A study prepared by the ministry revealed that positive increase in the volume of trade came as a result of the overall increase of re-exports from the UAE to the Group of Muslim Countries by 11.5 per cent during 2010 reaching USD 26 Billion in comparison with USD 23.3 Billion in 2009, and the increase in the country's overall imports by 16.8 per cent , reaching USD 23.2 Billion in comparison with USD 19.8 Billion during the same period, while the UAE's non-oil exports to these countries decreased by 1.1 per cent reaching USD 6.675 Billion from USD 6.749 Billion.
http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1289993213174&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews
The study, prepared by Yousef Diab, an economic analyst at the Ministry's Analysis and Commercial Information Department , pointed out that the UAE's non-oil trade with Muslim countries concentrated in 2010 (by 71 per cent ) on ten Muslim countries, which were: Iran, Iraq, Saudi Arabia, Malaysia, Pakistan, Turkey, Bahrain, Qatar, Oman and Afghanistan.
Iran stood top on the list of Muslim non-oil trading countries with the United Arab Emirates with an overall value of USD 10.4 Billion in 2010, constituting 18.7 per cent of the UAE's total non-oil trade with these countries. Iraq came in second, with non-oil trade reaching USD 5.8 Billion, constituting 10.4 per cent of the UAE's non-oil trade with these countries. While in third place was Saudi Arabia with a total of USD 5.7 Billion, constituting a 10.3 per cent share of the UAE's non-oil trade with Islamic countries.
The study noted the exit of Libya from the top-ten partners list in 2010 and the entry of Afghanistan at 10th place, up from the 13th position in 2009, registering a growth of approximately 99 per cent in 2010. The study also noted that some Islamic countries achieved growth in their trade with the UAE in 2010 in comparison with 2009. Some of these countries were: Afghanistan and Bahrain (30 per cent increase), Iran (22.6 per cent increase), Iraq (16.4 per cent increase), Pakistan (8.6 per cent increase) and Malaysia (7.4 per cent increase).
In Non - Oil Exports, 75 per cent of the UAE's non-oil exports in 2010 were conducted with the following ten Islamic countries; Saudi Arabia, Iran, Pakistan, The Sultanate of Oman, Qatar, Kuwait, Iraq, Egypt, Bahrain and Yemen. Saudi Arabia came in first place with USD 1 Billion, constituting 15.3 per cent of the UAE's overall non-oil exports to the Muslim countries, registering a 24.4 per cent increase from 2009. In second place was Iran, with USD 737 Million constituting 11 per cent of the UAE's overall non-oil exports to the Muslim countries with a growth rate of 20.6 per cent in comparison with 2009. Pakistan came in third place with an 8.6 per cent share of the UAE's non-oil exports to these countries, registering a 13 per cent increase for the same comparison period. Moreover, the study also reveals a growth in the value of UAE non-oil exports to the following Muslim countries: Egypt (50.7 per cent increase), Kuwait (43.7 per cent increase), Bahrain (35.2 per cent increase), Yemen (33.8 per cent increase) and Iraq (32.2 per cent increase).
The re-export of commodities from the UAE to the Muslim Countries has witnessed an 11.5 per cent increase, going up from USD 23.3 Billion in value in 2009 to USD 26 Billion in 2010, constituting 51.4 per cent of the UAE's overall re-exports to the world. All in all, 84.4 per cent of the UAE's re-exports to Muslim countries were centered around 10 countries, namely: Iran, Iraq, Afghanistan, Bahrain, Saudi Arabia, Qatar, Kuwait, Sultanate of Oman, Pakistan and Libya. With 33 per cent (USD 8.6 Billion), Iran came in first place while Iraq, with a 15.9 per cent of total UAE re-exports to Muslim Countries (6.1 per cent higher than in 2009), came in second place and Afghanistan came in third with USD 2.1 Billion and a 8.1 per cent share, registering a steep increase of around 99 per cent in comparison with the year 2009.
Total UAE imports from Muslim countries reached USD 23.2 Billion in 2010 constituting 17.6 per cent of its overall global imports. UAE Imports from Muslim countries witnessed a 16.8 per cent between 2009 and 2010. 75.6 per cent of these imports came from 10 countries, namely: Saudi Arabia, Malaysia, Turkey, Pakistan, Sudan, Iraq, Indonesia, Iran, Libya, and the Sultanate of Oman. Saudi Arabia spearheaded these countries with USD 3.3. Billion dollars, taking up a 14.1 per cent share of overall UAE imports from Muslim countries, followed by Malaysia in second place - witnessing a 6 per cent growth from 2009 - with USD 2.9 Billion, while Turkey came in 3rd place with USD 2.5 Billion, constituting 10.7 per cent of the UAE's imports from these countries.
Moreover, a growth, due to various reasons, in the value of UAE imports from other Muslim Countries was also registered in 2010. Imports from Sudan increased from 2009 to 2010 by 113 per cent , so did those from Iraq (61 per cent ), Libya (40 per cent ), Iran (35 per cent ), and Pakistan (14 per cent ), while imports from the Sultanate of Oman and the Republic of Indonesia witnessed a 10 per cent and 7 per cent decline respectively.
WAM/AM
A study prepared by the ministry revealed that positive increase in the volume of trade came as a result of the overall increase of re-exports from the UAE to the Group of Muslim Countries by 11.5 per cent during 2010 reaching USD 26 Billion in comparison with USD 23.3 Billion in 2009, and the increase in the country's overall imports by 16.8 per cent , reaching USD 23.2 Billion in comparison with USD 19.8 Billion during the same period, while the UAE's non-oil exports to these countries decreased by 1.1 per cent reaching USD 6.675 Billion from USD 6.749 Billion.
http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1289993213174&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews
The study, prepared by Yousef Diab, an economic analyst at the Ministry's Analysis and Commercial Information Department , pointed out that the UAE's non-oil trade with Muslim countries concentrated in 2010 (by 71 per cent ) on ten Muslim countries, which were: Iran, Iraq, Saudi Arabia, Malaysia, Pakistan, Turkey, Bahrain, Qatar, Oman and Afghanistan.
Iran stood top on the list of Muslim non-oil trading countries with the United Arab Emirates with an overall value of USD 10.4 Billion in 2010, constituting 18.7 per cent of the UAE's total non-oil trade with these countries. Iraq came in second, with non-oil trade reaching USD 5.8 Billion, constituting 10.4 per cent of the UAE's non-oil trade with these countries. While in third place was Saudi Arabia with a total of USD 5.7 Billion, constituting a 10.3 per cent share of the UAE's non-oil trade with Islamic countries.
The study noted the exit of Libya from the top-ten partners list in 2010 and the entry of Afghanistan at 10th place, up from the 13th position in 2009, registering a growth of approximately 99 per cent in 2010. The study also noted that some Islamic countries achieved growth in their trade with the UAE in 2010 in comparison with 2009. Some of these countries were: Afghanistan and Bahrain (30 per cent increase), Iran (22.6 per cent increase), Iraq (16.4 per cent increase), Pakistan (8.6 per cent increase) and Malaysia (7.4 per cent increase).
In Non - Oil Exports, 75 per cent of the UAE's non-oil exports in 2010 were conducted with the following ten Islamic countries; Saudi Arabia, Iran, Pakistan, The Sultanate of Oman, Qatar, Kuwait, Iraq, Egypt, Bahrain and Yemen. Saudi Arabia came in first place with USD 1 Billion, constituting 15.3 per cent of the UAE's overall non-oil exports to the Muslim countries, registering a 24.4 per cent increase from 2009. In second place was Iran, with USD 737 Million constituting 11 per cent of the UAE's overall non-oil exports to the Muslim countries with a growth rate of 20.6 per cent in comparison with 2009. Pakistan came in third place with an 8.6 per cent share of the UAE's non-oil exports to these countries, registering a 13 per cent increase for the same comparison period. Moreover, the study also reveals a growth in the value of UAE non-oil exports to the following Muslim countries: Egypt (50.7 per cent increase), Kuwait (43.7 per cent increase), Bahrain (35.2 per cent increase), Yemen (33.8 per cent increase) and Iraq (32.2 per cent increase).
The re-export of commodities from the UAE to the Muslim Countries has witnessed an 11.5 per cent increase, going up from USD 23.3 Billion in value in 2009 to USD 26 Billion in 2010, constituting 51.4 per cent of the UAE's overall re-exports to the world. All in all, 84.4 per cent of the UAE's re-exports to Muslim countries were centered around 10 countries, namely: Iran, Iraq, Afghanistan, Bahrain, Saudi Arabia, Qatar, Kuwait, Sultanate of Oman, Pakistan and Libya. With 33 per cent (USD 8.6 Billion), Iran came in first place while Iraq, with a 15.9 per cent of total UAE re-exports to Muslim Countries (6.1 per cent higher than in 2009), came in second place and Afghanistan came in third with USD 2.1 Billion and a 8.1 per cent share, registering a steep increase of around 99 per cent in comparison with the year 2009.
Total UAE imports from Muslim countries reached USD 23.2 Billion in 2010 constituting 17.6 per cent of its overall global imports. UAE Imports from Muslim countries witnessed a 16.8 per cent between 2009 and 2010. 75.6 per cent of these imports came from 10 countries, namely: Saudi Arabia, Malaysia, Turkey, Pakistan, Sudan, Iraq, Indonesia, Iran, Libya, and the Sultanate of Oman. Saudi Arabia spearheaded these countries with USD 3.3. Billion dollars, taking up a 14.1 per cent share of overall UAE imports from Muslim countries, followed by Malaysia in second place - witnessing a 6 per cent growth from 2009 - with USD 2.9 Billion, while Turkey came in 3rd place with USD 2.5 Billion, constituting 10.7 per cent of the UAE's imports from these countries.
Moreover, a growth, due to various reasons, in the value of UAE imports from other Muslim Countries was also registered in 2010. Imports from Sudan increased from 2009 to 2010 by 113 per cent , so did those from Iraq (61 per cent ), Libya (40 per cent ), Iran (35 per cent ), and Pakistan (14 per cent ), while imports from the Sultanate of Oman and the Republic of Indonesia witnessed a 10 per cent and 7 per cent decline respectively.
WAM/AM
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