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Thursday, April 25, 2024

U.A.E.’s overall trade with Japan robust

U.A.E.’s overall trade with Japan robust
U.A.E.’s overall trade with Japan robust

Propelled by increased exports of motor vehicles, Japan maintained its robust performance in the trade with the U.A.E. in 2013. In the overall trade, U.A.E. was Japan’s 8th largest trading partner in the world in 2013, behind China, USA, South Korea, Australia, Taiwan, Thailand and Saudi Arabia.
By meeting nearly 23 per cent of the total crude oil requirements of Japan, U.A.E. remained to be Japan’s 2nd largest supplier of crude oils after Saudi Arabia, which covered 31.83 per cent of Japan’s total crude oil imports.
Mineral fuels formed 98.5 per cent of Japan’s imports from the U.A.E. in 2013. The remaining small portion was comprised of semi-finished aluminium, scrap metals, precious stones and metals, electrical machinery, readymade garments, plastics, backing related goods, perfumes and cosmetics. The value of imports from the U.A.E. fell by 3.3 per cent to US$42.53 billion in 2013, from US$43.31 billion in 2012.U.A.E. was Japan’s 5th largest supplier of products in general, covering 5.11 per cent of her total imports.

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