DCCI registers a 27% export growth for the first 3 quarters of 2005

ABU DHABI, 11 Dec, 05 (WAM) - Value of exports/re-exports ofDubai traders covered by Certificates of Origin (COs) for thefirst 3 quarters of 2005 reached AED 71.3 billion, higher by27.2% over the AED 56 billion registered during the same periodin 2004 and 92% of the total value of AED 77 billion for thewhole of 2004.

With the total number of shipments growing by only 11% to309,000, higher average value of shipments is noted for the currentperiod, according to a report today by the DCCI"s Economci Bulletin.

Monthly values of shipments were within a very narrow range,from AED 7.2 billion in February to AED 8.3 in August, for amonthly average value of AED 7.9 billion, or AED 1.7 billionhigher than the average monthly value during the same periodin 2004.

Iran continued to be the largest export/re-export market ofDubai. During the 9-month period, total value of exports/re-exportsto Iran reached AED 21.9 billion, or 31% of the total value.

Despite the 16% growth, however, the figure actually representeda decline from the share of 34% in 2004. The second largestmarket, Saudi Arabia, grew by 30% to reach total value of AED13.6 billion and retaining a share of 19% to the total.

Among the top markets, Qatar expanded the most, with exports/re-exportsto the country growing by 64% to reach AED 4.4 billion. On theother hand, Kuwait registered the lowest growth of only about8%. Other major markets included Oman (AED 2.8 billion), India(2.2 billion), Egypt (2.0 billion), Yemen (1.8 billion), Libya(1.4 billion), and Jordan (AED 1.3 billion).

Total value of exports/re-exports to these ten countries alreadyaccounted for 78% of total exports/re-exports during the period.

With the number of shipments growing at much lower rates thanthe value, value of shipments to these countries had been increasing.

Exporters/Re-exporters who are into trading of general goods(non-food) numbered to more than 2,000, or about a quarterof the total numberof active exporters/re-exporters during the period (Table 3).

Their total value of exports/re-exports reached AED 19 billion,or 27% of the total, and they also made the most number of shipmentsat nearly 58,000 shipments. The next largest group consistedof those into trading of machinery, equipment and supplies whoexported/re-exported goods valued at AED 8.7 billion, done in36,000 shipments.

Other exporters/re-exporters with at least 2% share to totalincluded those trading on intermediate products, wastes and scrap with export/re-export value of AED 5.2 billion, household articles,appliances and furniture (AED 5.2 billion), motor vehicles (3.5billion), construction materials (2.8 billion), motor vehiclesparts and accessories (AED 2.7 billion), food, beverages andtobacco (AED 2.6 billion), cargo handling (AED 2.2 billion),metals and metal ores (AED 1.9 billion), gifts, jewelry and novelties(AED 1.9 billion), and textiles, clothing and footwear (AED 1.9billion).

Statistics from the Certificate of Origin database from 1997to 2004 showed that exports/re-exports in the 4th quarter ofthe year accounted for an average share of more than 26% of thetotal value for the whole year. Thus, it is reasonable to expectthat the total value of exports/re-exports in 2005 covered byCOs issued by the DCCI would reach about AED 97 billion.