This is the Focus that we are committed to.
Further to our last post, we have received overwhelming messages from different countries and companies asking if their products have potential in UAE market or not!
Our answer is…No!!! The potential is Not only in UAE market but also in all the exports markets from UAE.
Here is why!
Consumer Goods, Capital Goods, Intermediate Goods, Machinery & Electrical equipment, Stone and Glass and Raw materials. These sectors are on top as they are high value contributors to the total imports.
Albeit there are other volume contributors too…vegetables, animals, metals, minerals, footwear, textiles, clothing, Plastics & Rubber, and such.
Products from each one of these sectors are imported as well as re-exported from the UAE! With total imports valued at US$ 288 billion versus total exports valued at US $ 389 billion (yr. 2019), UAE offers a strong market for consumer, industrial and infrastructure products to be imported and re-exported.
Here is the chart to show % share of total imports (US $ 288 billion) into the UAE by region, in year 2019.
As we analyse the inverted pyramid, the slope is steep as the top 2 regions contribute to 50% of the import to the UAE and the imports from the region East Asia and Pacific leads by far.
We mentioned before that UAE is the re-exports hub. Here is an insight into the region that UAE re-exports to.
As Middle East and North Africa is the biggest region that UAE exports to, every other region has a strong reason to build larger, stronger, sustainable trade with UAE.
Stay tuned for country specific opportunities.
Data Credit – World Integrated Trade Solution, World Bank.