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Fri 4 Oct 2019 12:14 PM

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UAE F&B exports rise 26% in 2018

The UAE's re-exports also rose 28% compared to 2017, according to a senior Ministry of Economy official

UAE F&B exports rise 26% in 2018

The value of the UAE’s food and beverage exports increased 26 percent in 2018 compared with 2017, according to Juma Mohamed Al Keet, the assistant under-secretary for foreign trade affairs at the Ministry of Economy.

Additionally, Al Keet said that the value of the re-exports rose by 28 percent compared to the year before.

At a meeting this week, Al Keet noted that the UAE ranks first in the Arab region in the food and beverage trade, accounting for 18 percent of the region’s total trade in food products and 26 percent of its global food and beverage exports.

The sector accounted for 5.7 percent of the country’s non-oil foreign trade in 2018, valued at AED 92 billion, including imports valued at AED 62 billion, exports at AED 15 billion, and re-exports of AED 15.2 billion.

At the meeting organised by the Ministry of Economy in Dubai – attended by a number of food companies and Emirates Food Industries – Al Keet said that the F&B sector is vital for the global economy and accounts for 8 percent of total international exports.