UAE-Germany non-oil trade hit AED478 bn in 10 years

ABU DHABI, TGO: The UAE-Germany non-oil trade exchange exceeded AED478 billion during the period from 2012 through 2021, weighing more than 14 million tonnes, data from the Federal Competitiveness and Statistics Centre (FCSC) revealed.

The imports accounted for 89.5% of the total trade exchanges, with exports comprising 3.5%, and re-exports 7%. The data showed that trade exchanges between the two countries were distributed between AED427.4 billion of imports, or 12.7 million tonnes, AED17.1 billion of exports, or 961,700 tonnes, and AED33.4 bn of re-exports, weighing 353,000 tonnes.

The trade exchanges grew by 12% by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020. Cars ranked first on the list of the most important goods imported from Germany during 2021 at a value of about AED4.3 billion; followed by air vehicles at AED3 billion; medicines at AED1.9 billion; automotive parts at AED1 billion; and finally antiserums and immune products worth AED0.8 billion.

The top 5 commodities exported to Germany during 2021 included insulated wires and cables at about AED363 million; cigarettes worth AED166 million; electricity savers at AED134 million; jewelry at AED76 million; and raw aluminum at AED75 million.

The top 5 goods re-exported to Germany included telephones at AED494 million; turbo-jets and turbo propellers at AED485 million; cars at AED391 million; aircraft parts at AED371 million; and jewelry at AED196 million.