Dubai's electronics trade leaps 30%

Dubai's electronics foreign trade during the first half of this year increased by 30 per cent, hitting Dh136 billion, as compared to Dh104 billion for the same period in 2012.

According to Dubai Customs, this was the result of a remarkable 32 per cent increase in imports to Dh75 billion year on year, up from Dh57 billion, as well as a 28 per cent  growth in exports and re-exports to Dh61 billion, compared with 48 billion last year.
   
In its latest statistics, Dubai Customs said that Dubai had reinforced its leading position in the global electronics trade by becoming a focal point for major international IT exhibitions, most notably Gitex.

The rapid pace of growth in the electronics trade has made Dubai one of the world’s fastest cities to move into the digital era, consistent with the U.A.E.’s overall drive towards the adoption of the Smart Government Initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai.

Dubai connects major IT and electronics markets throughout diverse regions of the globe through its ports and free zones. With respect to imports, Asian markets top the list, led by China with 47 per cent  of total imports amounting to Dh35 billion, followed by Vietnam, with a share of 16 percent , or Dh12 billion. Then came Malaysia at 5 per cent, equating to Dh 4 billion. Overall, the share of these three countries collectively accounts for 76 per cent  of the total imports of Dubai, at a value of Dh 57 billion.

As far as exports and re-exports are concerned, Saudi Arabia is ranked first with a share of Dh13 billion, followed by Iraq with a total value of Dh7 billion and finally Hong Kong at Dh4 billion. Accordingly, the total share of these markets stands at 39 per cent  of the total export and re-export value, which is equal to Dh23 billion.

Mobile phones operated by cellular and other wireless networks hold a leading position amongst the emirate’s imports of electronics, with a share of 50 per cent, or Dh37 billion, followed by personal computers, with 14 per cent, equivalent to Dh10 billion. Then comes satellite receiving equipment with a Dh3 billion share of 5 percent. Overall, the total share of these products account for 68 per cent  of the total imports, with a value of Dh51 billion.

With regards to export and re-export activities, mobile phones are in pole position with a share of 58 per cent, equal to Dh35 billion, followed by personal computers with a share of 12 per cent or Dh7 billion, and bringing up the rear is satellite receiving equipment with a three per cent  share, a value of Dh2 billion. Taken as a whole, these products represent 73 per cent of the total exports and re-exports, with a value of Dh 44 billion.



 

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