Imports/Exports in the U.A.E.
United Arab Emirates are amongst the world’s most dynamic markets in terms of foreign trade. It is amongst the world's 25 primary exporters and 30 primary importers of commodities. Its imports have grown at a rate higher than 20% on average per year from 2003. Despite the sharp slowdown in trade in 2009, the UAE is considered a central business hub of the Gulf countries, Iran, South Asia and East Africa.
United Arab Emirates has displayed a large commercial surplus in both 2009 and 2010, due to the raising oil prices.
The main UAE trade partners are Japan, South Korea, Thailand, Singapore, China and Pakistan. The main products exported by the country are hydrocarbons, natural gas, dried fish and dates. Its main suppliers are India, China, the United States, Germany and Japan. The United Arab Emirates mainly imports machinery, transport equipment, chemical products and food stuffs.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||100,057||132,500||177,000||150,000||170,000|
|Exports of Goods (million USD)||145,587||178,630||239,213||185,000||235,000|
|Imports of Services (million USD)||24,322||33,372||42,773||36,799||-|
|Exports of Services (million USD)||6,259||7,434||8,958||9,503||-|
|Imports of Goods and Services (in % of GDP)||67.7||63.8||-||-||-|
|Exports of Goods and Services (in % of GDP)||91.4||87.1||-||-||-|
|Foreign Trade (in % of GDP)||159.1||151.0||-||-||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||70.3%|
(% of Imports)
|Other partnersClose extended list||61.1%|
Exchange Rate System
- Exchange Rate Regime
- The Emirates dirham has a fixed parity with the US Dollar. There is no exchange control.
- Level of Currency Instability
- This year the Emirates dirham has shown some variations and instability due to the sharp fall in the dollar rate.
|UAE Dirham (AED) - Average Annual Exchange Rate For 1 USD||3.67||3.67||3.67||3.67||3.67|
Source: World Bank
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