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UAE-Germany non-oil trade surpasses $130 billion in 10 years

  • The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.
  • The trade exchanges grew by 12 percent by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020.

The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal Competitiveness and Statistics Centre (FCSC).

The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.

The data showed that trade exchanges between the two countries were distributed between AED427.4 billion of imports, or 12.7 million tons, AED17.1 billion of exports, or 961,700 tons, and AED33.4 billion of re-exports, weighing 353,000 tons.

The trade exchanges grew by 12 percent 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 (AED3 billion), medicines (AED1.9 billion), automotive parts (AED1 billion) and finally antiserums and immune products worth AED0.8 billion.

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

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