The UAE has been ranked as the world’s 20th biggest exporter in merchandise trade, exceeding countries such as Australia, Brazil, Switzerland and Sweden, according to the World Trade Organisation secretariat for 2011.
The UAE exported US$285 billion in merchandise trade, close to India which came at 19th place with exports of US$297 billion, according to the WTO. Moreover, the UAE constituted 1.6 per cent of the world’s exports, which stood at US$18.215 trillion in 2011.
These figures were released to coincide with the 27th International Autumn Trade Fair, the region’s top consumer goods show, which was held last week at the Dubai International Convention and Exhibition Centre.
Satish Khanna, General Manager of Al Fajer Information and Services, organiser of the show, said: “The same report says that the UAE is the world’s 25th importer in merchandise trade, having imported merchandise worth US$205 billion in 2011, which represents 1.1 per cent of the world’s imports of US$18.38 trillion.
“United States of America tops the list of importers with US$2.265 trillion of imports in 2011. The UAE was ahead of countries like Austria, Malaysia and Sweden in import value, which speaks volumes on the leading position of the country in the global trade in both imports and exports.”
Khanna stated: “Considering the remarkable role played by the UAE in the global trade, we anticipate great success for the 27th International Autumn Trade Fair, which is regarded the leading regional buyer-seller meeting ground for the consumer goods segment in the Arab region.”