India, China dominate exports to UAE
The export market to the United Arab Emirates (UAE) is now being dominated by India and China who reportedly occupied almost a quarter of UAE’s total imports in 2009.
India has a strong political and economic relation with the UAE, and has contributed around 13.7 percent of the country’s imports, exporting around a record of Dh 61.5 billion worth of goods, in 2009. On the other hand, China exported Dh 47.8 billion worth of good to the Emirates, comprising about 10.7 per cent of the country’s total imports.
UAE’s total imports from India and China alone round up to Dh 109.3 billion, as of 2009, which is nearly 24.5 percent of the country’s total imports.
Interestingly, though, USA, which had for quite some time maintained the second position in exports to the UAE, has now come down to the third rank. Following up is Germany at the fourth position.
Meanwhile Japan, which had for a long time been the top exporter to the UAE, fell down to the fifth rank. Other important exporters to the UAE are Britain, Italy, South Korea and France. From amongst neighboring countries, only Saudi Arabia features in the top 10 exporters to UAE list.
New Zealand News
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