التاريخ : 20  10  2008    

Dubai’s electronic goods trade amounts Dhs18.8 billion during 1^st half of 2008

Dubai, UAE, 20^th October, 2008 (ME NewsWire) - Electronic goods trading in Dubai fetched a value of about Dhs18.8 billion during the first half of 2008, compared to the same period in 2007, which is a growth by 15 per cent.

The study by Dubai World’s Statistics Department showed that Iran topped the list of re-export destinations while China topped among countries from where Dubai imported electronic goods during the period. Most of the export was to Morocco.

Saeed Alqaizi, Director of Group Procurement, Contracts, Statistics and General Administration, Dubai World, said:  “Thanks to its strategic location and its harnessing of top-notch electronic technologies and machinery, the UAE has encouraged the growth and development of several sectors, especially the trade and commercial sector. This helped Dubai to become one of the most prominent electronic trade hubs in the world.

“The free trade zones in Dubai contributed towards the enhancement of trade,  particularly that of electronic goods, transforming into a vital link between the countries. These zones currently host a large number of leading multi-national companies manufacturing computers, audio-video systems, mobiles and other electronic goods.”

Nassim Al Mehairi, Acting Head of Statistics Department, said the value of electronic equipment and devices trade, particularly those of mobile phones, computers, video and audio devices, jumped by Dhs2.4 billion (around USD655 million), increasing from Dhs16.3 billion (about USD4,4 billion) in the first half of 2007 to about Dhs18,8 billion (USD 5,1 billion) during the first half of 2008.

According to the figures released by Statistics Department, Dubai’s import of electronic goods rose to Dhs12.3 billion in the first six months of this year compared to Dhs9.7 billion in the first half of last year. Import from China topped the list at Dhs4.5 billion, followed by Hungary in the second place at Dhs1.68 billion, and Japan in the third place at Dhs970 million.

Dubai’s re-exports of electronic goods in the first half of 2008 was for Dhs6.3 billion compared to about Dhs6,5 billion during the corresponding period last year. Iran came in the first place at Dhs1,58 million, followed by Iraq at Dhs763 million and Libya at Dhs262 million.

Export of electronic goods valued about Dhs4 million in the first half of 2008, compared to Dhs11 million during the same period in 2007. Morocco topped the list, followed by Qatar and Yemen.

The Statistics Department study also showed that mobile phones were the most traded electronic product during the first half of 2008 for a value of about AED 7.6 billion, followed by computer parts for about Dhs4.8 billion and video/audio systems for about Dhs2.9 billion.

Dubai’s total non-oil foreign trade showed a surge by about Dhs104.4 billion (about USD28.4 Billion)  in the first half of year 2008, reaching about Dhs296,6 billion (about USD80,8 billion ) compared to about Dhs192.2 billion (about USD52.3 billion).

*Source: ME NewsWire

*You can view this release online and download images at:

http://www.me-newswire.com/content/view/321/lang,en/

Contact:

Sanaa Maadad

Manager, Media Department

Dubai World
Mobile :+971 50 5522610

Email: sana.maadad@dubaiworld.ae