Dubai contributes 66pc of UAE's Dh7.56 billion exports to Britain

DUBAI — Dubai contributed 66 per cent, 10 per cent of which involves petroleum oils, to UK's total imports of Dh7.56 billion from the UAE in 2006, statistics released yesterday by the Dubai Chamber of Commerce and Industry (DCCI) show.

By Jose Franco

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Published: Wed 4 Jul 2007, 12:09 PM

Last updated: Sat 4 Apr 2015, 10:14 PM

"Although Dubai contributed only 10 per cent to UK's imports of pertroleum oils from the UAE, the emirate remained to be the largest import market of UK in the UAE," the DCCI said.

Abu Dhabi accounted for only 18 per cent of UAE's total exports to the UK while the five other emirates of Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah held the remaining 16 per cent.

Dubai supplied live animals worth Dh768.19 million (£104 million) and 87.2 per cent of semi-precious and precious stones and metals worth Dh790.49 million (£107 million) to UAE exports to the UK in 2006. It also supplied Dh2.16 billion (£293 million) worth of machinery, electrical and electronic equipment and parts comprising 81.2 per cent of the UAE exports of said products to the UK.

The statistics show that Dubai received 75 per cent, worth Dh768.19 million, of UK's exports of prepared foodstuffs to the UAE. It was also the destination for 77 per cent of chemicals and allied products coming from the UK to the UAE; 85 per cent of textiles and textile articles; 96 per cent of semi-precious and precious stones, metals and jewellery; 57 per cent of base metals and base metal articles; 83 per cent of machinery and electrical and electronic equipment; 81 per cent of vehicles, aircraft and transport equipment; and 69 per cent of optical, medical, measuring and precision and musical instruments.

"The above pattern is not limited to UK alone," the DCCI said. "In fact, Dubai accounts for a major share of UAE's non-oil trade with the world."

UK's total imports from the GCC (Gulf Cooperation Council) states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE reached Dh24.38 billion (£3.3 billion) in 2006, accounting for only 1.8 per cent of UK's total trade with the world. The GCC, on the other hand, imported at least Dh47.28 billion (£6.4 billion) worth of goods from the UK in 2006.

The statistics say about 50 per cent of UK's imports from the GCC involved petroleum oil and related products, which 54 per cent of exports were machinery, mechanical and electrical appliances and electronics. But while the GCC is a major world supplier of petroleum oil and related products, its export to the UK comprised only 6 per cent of the latter's world imports of the products.

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