India among top 10 exporters to UAE in Nov

India features in the list of top 10 exporters to the UAE in November, 2010, with a total value of $6.9 billion (25.4 billion dirhams), or 63% of UAE imports, the country's Federal Customs Authority (FCA) has said.

Others in the list include China, Germany, the US, Japan, the UK, Italy, France, South Korea and Saudi Arabia.

On the level of non-oil exports, Switzerland, India, Saudi Arabia, Iran, Pakistan, Qatar, Iraq, Kuwait, Oman and the US spearheaded importers from the UAE with $1.2 billion (4.6 billion dirhams), accounting for 75% of the UAE's exports.

Gold also took the first spot in the exports list.

Meanwhile, India, Iran, Iraq, Afghanistan, France, Saudi Arabia, Bahrain, the US, Hong Kong, and Oman topped the list in terms of re-exports, with $3.02 billion (11.1 billion dirhams), representing 70% of the UAE's re-exports.

The FCA said in a statement that the preliminary statistical data for November, 2010, reflected a 9% rise in imports to $11.13 billion (40.9 billion dirhams) as compared to $10.15 billion (37.3 billion dirhams) in November, 2009.

The exports decreased slightly by 3% on a decline in the value of exports from $1.76 billion (6.5 billion dirhams) in November, 2009, to $1.6 billion (6.2 billion dirhams) in November, 2010.

Similarly, re-exports recorded a y-o-y growth rate of 10%.

The total volume of UAE non-oil trade in terms of weight in November, 2010, reached about 6.2 million tonne, including 3.7 million tonne of imports, 1.8 million tonne of exports and 750,000 tonne of re-exports.

Thus, the average weight of imported, exported and re-exported shipments and consignments dealt with by the different customs ports for the same month amounted to about 26,000 tonnes per day on the basis of official working hours (8 hours for 5 days a week), at an average of 3 thousand tonnes per hour.

The preliminary statistical data of November, 2010, showed that gold took the first position among imports, with a value of $1.47 billion (5.4 billion dirhams), followed by diamonds, cars, ornaments and jewellery, in addition to spare parts and accessories.