DUBAI: UAE is among the world’s top 16 exporters, according to the World Trade Organization’s Report on International Trade Trends.
The report, released recently in Geneva, shows that the UAE ranks 16th among global exporters and is the No. 1 market for merchandise exports in the Middle East and North Africa (MENA) region.
In imports, UAE ranks 19th and is the most important market for merchandise imports in MENA.
The WTO report says UAE merchandise exports reached $359 billion (Dhs1.3 trillion), which is 1.9 per cent of the total world exports.
UAE imports grew by 4 per cent and it accounted for 1.4 per cent of the total world exports.
The UAE accounts for 28 per cent of the Middle East merchandise exports and 33 per cent of imports during 2014.
The UAE ranks 19th among global importers of services according to the report. The total value services imports to the UAE is $72 billion, which constitutes 1.5 per cent of the total global imports of services.
The UAE exports of services increased to $17 billion.
The merchandise exports of the Middle East region dropped by 4 per cent during 2014 compared to 2013 while imports increased by 1 per cent for the same period.
The services exports from the region increased by 6 per cent in 2014 compared to 2013 while services imports grew by 9 per cent.
The UAE’s share of the region’s services imports stands at 27 per cent while it accounts for 14 per cent of the total services exports of the region.
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