ABU DHABI, seventeenth July, 2023 (WAM) — The non-oil commerce between the UAE and Japan grew by 36 p.c over the previous two years from 2020 to 2022, rising from AED39.9 billion to AED54.1 billion in 2022, in keeping with knowledge from the Federal Competitiveness and Statistics Centre (FCSC).
This vital rise in non-oil commerce displays the sturdy partnership and financial cooperation between the 2 international locations, driving their sustainable growth in the direction of additional financial prosperity and development sustainability.
Over the previous ten years, from 2013 to 2022, the non-oil commerce between the 2 international locations elevated from AED53.9 billion to AED54.1 billion, reaching a complete of AED524.4 over a decade.
In phrases of international commerce distribution between the 2 international locations final 12 months, re-exports totalled AED3.4 billion, non-oil exports amounted to AED6.5 billion, and imports reached AED44.1 billion.
Cars topped the checklist of prime 5 commodities re-exported to Japan in 2022, with a worth of AED1.3 billion, adopted by automotive units and provides valued at AED417 million, then pneumatic tyres valued at AED274 million. Jewellery and ornaments amounted to AED150 million, adopted by valuable metallic scraps at AED105 million.
In phrases of exports, uncooked aluminium ranked first among the many prime 5 commodities exported to Japan, with a worth of AED3.9 billion, adopted by mineral oils valued at AED991 million, centrifugal filter units at AED613 million, copper valued at AED404 million, and polypropylene polymers at AED143 million.
Regarding the highest 5 commodities imported from Japan in 2022, automobiles topped the checklist with a worth of AED20.08 billion, adopted by automotive components and equipment valued at AED4.3 billion, iron at AED1.3 billion, communication units and gear at AED1.1 billion, and printing gear at AED1.07 billion.