India among top 10 exporters to UAE in November

India features in the list of top 10 exporters to the UAE in November, 2010, with a total value of $6.9 billion (25.4 billion dirhams), or 63 per cent of UAE imports, the country's Federal Customs Authority (FCA) has said.

Others in the list include China, Germany, the US, Japan, the UK, Italy, France, South Korea and Saudi Arabia. On the level of non-oil exports, Switzerland, India, Saudi Arabia, Iran, Pakistan, Qatar, Iraq, Kuwait, Oman and the US spearheaded importers from the UAE with $1.2 billion (4.6 billion dirhams), accounting for 75 per cent of the UAE's exports.

Gold also took the first spot in the exports list. Meanwhile, India, Iran, Iraq, Afghanistan, France, Saudi Arabia, Bahrain, the US, Hong Kong, and Oman topped the list in terms of re-exports, with $3.02 billion (11.1 billion dirhams), representing 70 per cent of the UAE's re-exports.

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The FCA said in a statement that the preliminary statistical data for November, 2010, reflected a 9 per cent rise in imports to $11.13 billion (40.9 billion dirhams) as compared to $10.15 billion (37.3 billion dirhams) in November, 2009.

The exports decreased slightly by 3 per cent on a decline in the value of exports from $1.76 billion (6.5 billion dirhams) in November, 2009, to $1.6 billion (6.2 billion dirhams) in November, 2010.

Similarly, re-exports recorded a Y-o-Y growth rate of 10 per cent.

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The total volume of UAE non-oil trade in terms of weight in November, 2010, reached about 6.2 million tonnes, including 3.7 million tonnes of imports, 1.8 million tonnes of exports and 750,000 tonnes of re-exports.

Thus, the average weight of imported, exported and re-exported shipments and consignments dealt with by the different customs ports for the same month amounted to about 26,000 tonnes per day on the basis of official working hours (8 hours for 5 days a week), at an average of 3 thousand tonnes per hour.

The preliminary statistical data of November, 2010, showed that gold took the first position among imports, with a value of $1.47 billion (5.4 billion dirhams), followed by diamonds, cars, ornaments and jewellery, in addition to spare parts and accessories.