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Sun 15 Oct 2017 10:27 AM

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Chinese electronics imports to UAE exceed $14bn in H1 2017

China was UAE's top electronics trade partner, followed by Vietnam, the US, South Korea, and Japan

Chinese electronics imports to UAE exceed $14bn in H1 2017
Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC).

China was the UAE’s top electronics trade partner in the first half of 2017, with AED 53.3 billion ($14.5 billion) in imports, according to Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC).

The total value of Dubai’s electronics trade in the first half 2017 was AED134.5 billion ($36.59 billion), including AED86.8 billion ($23.6 billion) of imports and AED47.7 billion ($12.9 billion) of exports and re-exports.

After China came Vietnam, with AED14.4 billion worth ($3.9 billion) of trade, the United States with AED2.36 billion ($642 million), South Korea with AED2.14 billion ($582 million) and Japan with AED1.64 billion ($446 million).

Saudi Arabia topped the list for exports and re-exports, hitting AED9.5 billion ($2.58 billion), Iraq with AED3 billion ($816.3 million), Kuwait with AED2.7 billion ($734 million), Egypt with AED2.2 billion ($598 million) and the United States with AED1.4 billion ($380 million).

Bin Sulayem noted that he expects further momentum and growth in the IT sector over the coming years as Dubai continues to develop the technical infrastructure necessary or Dubai Expo 2020.