TRENDS IN LOCAL AND INTERNATIONAL TRADE Flashcards
brief accont of trade hubs in uae
Trade, both local and international is a fundamental part of the UAE’s economy. The country’s commerce and products connect with the rest of the world by major ports and free trade zones established throughout the seven emirates. Shipping ports and airports are found at Ras Al Khaimah, Fujairah, Sharjah, Dubai, Jebel Ali, Abu Dhabi and other locations.
explain in breif the charcateristics of trade in uae
The UAE’s trade sector is both innovating and historic.
Commodities are natural resources and raw agricultural
products such as iron, oil, cotton or wheat. Manufactured
products, including industrial and electronic products, are
valuable and sold and traded in large quantities. Professional
services, international banks, and multinational corporations
diversify the economy while tourism and hotels are part of the
hospitality industry.
what benefits uae’s ecnomy?
(or)
why is the uae the third largest trading hub?
All of these sectors of the economy benefit from travel and
movement of people and goods. While the UAE does have an
abundance of natural resources such as oil, natural gas and
other products, its longstanding history as a regional trading hub
is still important and equally relevant. Our major seaports and
airports here in the UAE make up an important regional export
hub and has become the third largest export centre in the world,
following Hong Kong and Singapore. When compared to other
GCC states, the UAE has landed in first place with an abundance
of precious metals, electrical equipment, and supplies traded on
a daily basis.
what are uae’s main exports
The UAE’s main exports are crude oil, natural gas, refined petroleum products, precious gems, seafood and agricultural products, and re exports.
define re-exports
Re-exports are products imported into a country that are stored temporarily in warehouses and then shipped once again to different countries.
explain re-exports in uae
The products arrive from Asia or other points of origin and after storage are re-shipped to other countries such as Africa or to other destinations in the Middle East or other parts of the world. Some of these products
include aluminium, pearls, gold, silver, precious stones, chemicals,
and scrap metals.
which countries receive the highest percentage of uae’s exports
Japan, India, South Korea, and Thailand are the top export partners of the UAE.
explain uae’s position in trade in terms of gdp, import and export with statistics
As of 2018, the United Arab Emirates ranked 28th in the world
in terms of Gross Domestic Product (GDP). It ranked 21st in the
economy in terms of GDP per capita. It also ranked 26th in the
world for the value of total exports, and 21st in the value of its total
imports.
list uae’s top exports and countries
The top exports of United Arab Emirates are crude petroleum, gold, jewellery and diamonds exporting mostly to India, Japan, China, Saudi Arabia and Oman.
what was uae main exports in 2018
In 2018 United Arab Emirates was the world›s biggest exporter of sulphur, gravel and crushed stone and limestone.
what are uae’s top imports and countries
The top imports of United Arab Emirates are gold, broadcasting equipment, jewellery, refined petroleum, and cars, importing mostly from China, India, United States, United Kingdom, and Germany.
explain the importance of air travel
The UAE’s air travel industry plays a significant role in the development of local and international trade.
Air travel in the UAE not only helps people move around internationally, it helps to facilitate the flow of goods and promotes local and international investments. With the help of the air travel industry; goods, services, and people are able to flow internationally
top five intertional tourist arrivals
- east asia
- the americas
- middle east
- europe
- africa
direct flight arrivals
- india
- saudi
- oman
- pakistan
- uk
cargo flights
- india
- uk
- germany
- turkey
- saudi
