Jun 03, 2014
2013 imports rise 4% to Dh23bn and exports and re-exports up 13% to Dh17 billion
Dubai’s auto parts trade grew 8 per cent to Dh40 billion in 2013 compared to Dh37 billion in the previous year, Dubai Customs said.
Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence at Dubai Customs, said the growth reflects the rise of imports by 4 per cent to Dh23 billion and an upswing in exports and re-exports by 13 per cent to Dh17 billion.
Statistics released by Dubai Customs, in parallel with Automechanika Dubai 2014 being held on June 3-5, showed that Dubai serves a pivotal role in automotive spare parts trade, acting as liaison between Asian and European manufacturing countries and the consuming markets in the region.
Four major Dubai trading partners claimed 61 per cent of the total imports with Dh14 billion worth of products. Japan was the top destination from which Dubai’s car parts originated, claiming Dh5.7 billion of the market.
South Korea followed with Dh3.2 billion worth of imports. China was the third most important import source valued at Dh2.8 billion. Germany was fourth with Dh2.3 billion.
Surrounding countries top the list of major export and re-export partners, with Saudi Arabia securing the largest share of the market at Dh2.14 billion. Iraq was the second partner with Dh1.1 billion. Afghanistan followed with Dh836 million. Oman came in fourth with Dh560 million. Together, these nations represented 27 per cent of the export and re-export market with a total share of Dh4.6 billion.
Dubai Customs has further enhanced automotive spare parts trade through an array of first-rate Customs facilitations and services provided to traders in this sector enabling them to cater for the market needs without delay thanks to streamlined and speedy clearance procedures, said Kazim.