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The Dubai Airport Free Trade Zone Authority (DAFZA) announced that its contribution to Dubai’s non-oil foreign trade reached 11% in the first half of 2021. In the first half of the year, the trade volume of the Free Trade Zone increased by 34% compared with the same period last year, reaching 77 billion dirhams, with a trade surplus of 6.2 billion dirhams.
Imports in the first half of the year increased by 44.5% year-on-year to Dh35.4 billion, accounting for 8.5% of Dubai’s total imports. In terms of re-exports, DAFZA increased by 24% to AED 40.8 billion, accounting for 20.5% of Dubai’s total non-oil foreign trade. Exports increased by 501% year-on-year.
These results reflect Dubai’s success in strengthening its role as a global trading hub and becoming a key player in the global supply and trade chain. Despite the disruption of goods, trade chains and economic cycles due to the pandemic, strong growth figures have been achieved, which shows that the UAE and Dubai have shown agility and enthusiasm in stimulating recovery through innovation and strong support for investors and businesses.
Return to pre-pandemic levels
His Royal Highness Sheikh Ahmed bin Said Al Maktoum, Chairman of DAFZA, said: “The latest statistics of DAFZA show that in Dubai’s Vice President and Prime Minister Sheikh Mohammed bin Rashid Guided by His Highness Le Maktoum’s vision, Dubai is returning to its pre-pandemic growth levels. The rulers of the UAE and Dubai. We reduce the impact of COVID-19 and assist them in resuming growth by creating opportunities and strengthening resilience and supporting businesses to reduce the impact of COVID-19. Overcoming the challenge of the pandemic. DAFZA has been working hard to overcome the impact of the pandemic and has formulated plans to achieve specific goals. DAFZA’s first half performance reflects the world’s trust in the UAE’s trade ecosystem and the return of its rapid economic growth momentum .
“Dubai is expected to achieve its foreign trade goal of 2 trillion dirhams in the next five years. To achieve this, it is strengthening its external relations and adding 200 new cities to its global trading partner network. In addition, DAFZA is continuing to develop its Trade activities, take more strategic measures to improve its services, customs facilities, and investment and business incentives.”
His Excellency Dr. Mohammed Al Zarooni, Director of Dubai Airport Free Zone Authority, said: “We are able to turn the challenges brought about by the COVID-19 pandemic into opportunities and continue to work hard to improve the quality of services provided to businesses, investors, businessmen, entrepreneurs and The company headquartered in DAFZA. This is to support their ability to strengthen trade flows, whether in terms of import, export or re-export. The results of DAFZA confirm the success of our efforts. We will continue to work hard to increase these in accordance with the leadership’s instructions Figures to expand the UAE’s non-oil foreign trade in the next few years.”
Key industries
Machinery, tape recorders, televisions and electrical equipment are the main commodities traded by DAFZA. These commodities increased significantly by 43% in the first half of this year over the same period last year. Therefore, this industry accounts for 74.4% of the total exports and re-exports of AED 31 billion, and 76.8% of the total imports of AED 27.2 billion. It was followed by the gems, metals and jewelry clusters, which increased by 9% over the previous year and ranked second. The cluster accounted for 19.4% of exports and re-exports, reaching 8.1 billion dirhams, and 16.8% of imports, reaching 5.9 billion dirhams. These two clusters account for approximately 94% of DAFZA’s overall trade.
In terms of business partners, China ranked first with 30%. The trade volume in the first half of the year reached 23 billion dirhams, an increase of 70% year-on-year. Iraq ranks second with 7.1% with 5.4 billion dirhams, followed by India with 4.6% and 3.3 billion dirhams. DAFZA’s trade with Turkey has increased fivefold in the first half of 2021.
In terms of imports, China ranked first with 65%, followed by India with 8%, Turkey and Vietnam both with 5.8%. Iraq ranked first with 13.1% of exports and re-exports, while the United States accounted for 5%.
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