Trade & Export

A member of the World Trade Organization since 1996, the UAE supports open trade and has stable trade relations with countries throughout the world. Thanks to its open economy, attractive business environment and continued economic growth, the UAE has emerged as a key international trade hub between East and West.

The UAE’s main export commodities are crude oil, natural gas, re-exports, dried fish and dates. Its main import commodities are machinery and transport equipment, chemicals and food.

The UAE’s top 5 import partners are:

  1. India - 17.50%
    Primary products: cotton, accessories, gems and jewelry, man-made yarn, fabrics, manufacturers of metals, cotton yarn, marine products, machinery and instruments, plastic and linoleum products, tea.

  2. China - 14.00%
    Primary products: textile products, clothes, light industrial products, handicrafts, machinery and products made from gold, silver, copper, iron, tin.

  3. United States - 7.70%
    Primary products: transport equipment, machinery, computer & electronic products, primary metal manufacturing, chemicals.

  4. Germany - 5.60%
    Primary products: machineries, electronics, chemical products, measurement and control technology, iron, steel.

  5. Japan - 4.82%
    Primary products: transport equipment, electrical machinery, general machinery, foodstuff, raw materials, mineral fuels.

The UAE’s top 5 export partners are:

  1. Japan - 17.10%
    Primary products: crude oil, aluminum.

  2. India - 13.60%
    Primary products: pearls, precious and semi-precious stones, gold, pulp and waste paper, sulphur and unroasted iron pyrites, metalifer ore and metal scrap, organic and inorganic chemicals.

  3. Iran - 6.90%
    Primary products: pearls, precious and semi-precious stones, gold, pulp and waste paper, sulphur and unroasted iron pyrites, metalifer ore and metal scrap, organic and inorganic chemicals.

  4. South Korea - 6.10%
    Primary products: crude oil, petroleum products such as naphtha and liquefied petroleum gas, aluminum, copper.

  5. Thailand - 5.10%
    Primary products: crude oil, scrap metal, gold and silver bar, chemicals.

US Trade with the UAE

In 2012, the UAE was the largest export market in the Middle East for the United States – a distinction held for the Fourth year in a row. From 2011 to 2012, the total trade volume between the UAE and US rose to over $24.5 billion, an increase from $16.8 in 2011. This figure represents the highest ever trade volume between the two countries, and was fueled by a surge in exports from the US to the UAE. Total exports from the US to the UAE reached $22. billion in 2011, a 38 percent increase over 2011. Imports to the US from the UAE remained steady, at over $2 billion.

This years’ trade data, including a state-by-state breakdown of US exports to the UAE can be found on a dedicated page of the UAE Embassy website. Additional bilateral trade information can be found at the UAE Embassy’s Trade and Commercial Office website: www.uaetrade-usa.org.

Sources:

  1. CIA World Factbook
  2. US Department of Commerce, US Census Bureau