ID :
120041
Mon, 05/03/2010 - 14:08
Auther :
Shortlink :
https://oananews.org//node/120041
The shortlink copeid
Dubai reports a total non-oil trade of Dhs13.5bn with Malaysia: Dubai Chamber's study
Dubai, May 3, 2010 (WAM)- Malaysia is the biggest trading partner of Dubai among the Southeast Asian countries as Dubai reported a total non-oil trade with the country of Dhs13.5bn in 2009, making the latter its 14th largest trading partner for non-oil products, According to Dubai Chamber of Commerce and Industry study. However, with total exports reaching only Dh522m, trade balance was highly in favour of Malaysia.
Dubai's total non-oil trade with Malaysia had expanded from just about Dhs4bn in 2002 to only a little less than Dhs17bn in 2008. In fact, annual growth between 2007 and 2008 was 36%, with imports growing by 35%, and exports by 44%. However, despite the growth of non-oil exports, it remained very little compared to imports.
Imports from Malaysia accounted for less than 3% of Dubai's total imports.
Malaysia is top supplier of vegetable oil Malaysia is the world's largest exporter of palm oil. Among its major markets are China, the EU, Pakistan, USA and India. Import statistics for Dubai for the years 2002 to 2009, showed that imports of vegetable fats and oils during the years had hovered around Dhs200m from 2002 to 2005, before increasing by 48% to Dh286 in 2006 (Fig. 2). Import value reached a peak of Dh795m in 2008. The slowdown in global trade in 2009 brought the total value down by 59% to Dh323m.
Although imports of the products account for just about 0.2% Dubai's total imports, about half of the value was supplied by Malaysia. In 2009, however, Malaysia's share in Dubai's import market for the products dipped to 39%.
Malaysian trade statistics show that the country's imports of mineral oil and products from the UAE accounted for more than half of the total value of imports from the country in 2008, although the share dropped to about 33% in 2009. Nonetheless, as economic recovery proceeds, the share is expected to go up again. Trade between the two countries is expected to remain robust.
Another product group for which Malaysia is a leading world exporter is the group of wood and wood products.
Dubai's imports of the products had been growing consistently, peaking in 2007 at Dh467m. However, the value started to dip earlier in 2008 and continued to decline to Dh187 in 2009, although Dubai's total imports of the product continued to increase in 2008 before the slump in 2009.
Imports of the products from Malaysia accounted for about 15% of Dubai's imports of the products prior to 2005. Thereafter, the share continuously dipped, reaching a low of 7% in 2009.
Imports of precious stones/metals and electrical/electronic equipment dominate Malaysia has risen to become one of the major participants in Dubai's trade on precious stones/metals, supplying about 4% of Dubai's total imports of the products. As shown in Fig. 3, value of Dubai's imports of the products from Malaysia rose from only Dh278m to Dh5.6bn in 2008. In 2009, the value declined slightly to Dh4.8bn.
On the other hand, imports of electrical and electronic equipment from Malaysia had been relatively stable at an annual value of about Dh2 to Dh2.5bn between 2002 and 2006. In 2007, the value rose to Dh3.3bn in 2007 and to Dh4.5bn in 2008, before falling slightly to Dh4.1bn in 2009. Imports of the products from Malaysia accounted for about 6% of Dubai's total imports of the products, and about a third of total imports from the country.
Imports of machinery had followed similar pattern though at lower levels. Import value rose from less than Dhs1bn in the early years, increasing to Dh2.4bn in 2008 and declining to Dh1.8bn in 2009.
Although imports of furniture, electrical fittings, beddings, etc. from Malaysia had been relatively low, with highest value in 2007 at Dh337m, the products accounted for about 5% to 8% of Dubai's annual imports of the products, except in 2009 when the value fell to Dh166m, for a share of only 3%.
Dubai's total non-oil trade with Malaysia had expanded from just about Dhs4bn in 2002 to only a little less than Dhs17bn in 2008. In fact, annual growth between 2007 and 2008 was 36%, with imports growing by 35%, and exports by 44%. However, despite the growth of non-oil exports, it remained very little compared to imports.
Imports from Malaysia accounted for less than 3% of Dubai's total imports.
Malaysia is top supplier of vegetable oil Malaysia is the world's largest exporter of palm oil. Among its major markets are China, the EU, Pakistan, USA and India. Import statistics for Dubai for the years 2002 to 2009, showed that imports of vegetable fats and oils during the years had hovered around Dhs200m from 2002 to 2005, before increasing by 48% to Dh286 in 2006 (Fig. 2). Import value reached a peak of Dh795m in 2008. The slowdown in global trade in 2009 brought the total value down by 59% to Dh323m.
Although imports of the products account for just about 0.2% Dubai's total imports, about half of the value was supplied by Malaysia. In 2009, however, Malaysia's share in Dubai's import market for the products dipped to 39%.
Malaysian trade statistics show that the country's imports of mineral oil and products from the UAE accounted for more than half of the total value of imports from the country in 2008, although the share dropped to about 33% in 2009. Nonetheless, as economic recovery proceeds, the share is expected to go up again. Trade between the two countries is expected to remain robust.
Another product group for which Malaysia is a leading world exporter is the group of wood and wood products.
Dubai's imports of the products had been growing consistently, peaking in 2007 at Dh467m. However, the value started to dip earlier in 2008 and continued to decline to Dh187 in 2009, although Dubai's total imports of the product continued to increase in 2008 before the slump in 2009.
Imports of the products from Malaysia accounted for about 15% of Dubai's imports of the products prior to 2005. Thereafter, the share continuously dipped, reaching a low of 7% in 2009.
Imports of precious stones/metals and electrical/electronic equipment dominate Malaysia has risen to become one of the major participants in Dubai's trade on precious stones/metals, supplying about 4% of Dubai's total imports of the products. As shown in Fig. 3, value of Dubai's imports of the products from Malaysia rose from only Dh278m to Dh5.6bn in 2008. In 2009, the value declined slightly to Dh4.8bn.
On the other hand, imports of electrical and electronic equipment from Malaysia had been relatively stable at an annual value of about Dh2 to Dh2.5bn between 2002 and 2006. In 2007, the value rose to Dh3.3bn in 2007 and to Dh4.5bn in 2008, before falling slightly to Dh4.1bn in 2009. Imports of the products from Malaysia accounted for about 6% of Dubai's total imports of the products, and about a third of total imports from the country.
Imports of machinery had followed similar pattern though at lower levels. Import value rose from less than Dhs1bn in the early years, increasing to Dh2.4bn in 2008 and declining to Dh1.8bn in 2009.
Although imports of furniture, electrical fittings, beddings, etc. from Malaysia had been relatively low, with highest value in 2007 at Dh337m, the products accounted for about 5% to 8% of Dubai's annual imports of the products, except in 2009 when the value fell to Dh166m, for a share of only 3%.
