The UAE has retained its high ranking among the world’s top 16 exporter, according to the World Trade Organisation’s Report on International Trade Trends.
The report, released recently in Geneva, shows that UAE ranks 16th among global exporters and is the number one market for merchandise exports in the 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, which is 1.9% of the total world exports. UAE imports grew by 4% and it accounted for 1.4% of the total world exports. Regionally, UAE accounts for 28% of the Middle East merchandise exports and 33% of imports during 2014.
According to the report, UAE ranks 19th among global importers of services. The total value services imports to UAE is $ 72 billion, which constitutes 1.5% of the total global imports of services. However, this rank goes up to 13 when EU is considered as a single bloc. The UAE exports of services increased to $ 17 billion, ranking 25 globally, if EU is considered a bloc.
(Courtesy WAM)
