Exports to UAE exceed $4 billion for the first time

• March 7, 2014 15:57

The Department of African, West Asian and South Asian Markets (Ministry of Industry and Trade) has just announced that in 2013, export turnover to the United Arab Emirates (UAE) market exceeded the 4 billion USD threshold for the first time.

Specifically, Vietnam's export turnover to the UAE market reached approximately 4.14 billion USD in 2013, an increase of 99% compared to 2012. With this figure, the UAE continues to be Vietnam's largest export market in the West Asia region.

The items with the largest export turnover to the UAE market include: Phones of all kinds and components (reaching 3.42 billion USD, accounting for 83% of total export turnover to the UAE); computers, electronic products and components (207.4 million USD, accounting for 5%); textile products (83.7 million USD, accounting for 2%); footwear (59.5 million USD, accounting for 1%); pepper (55.3 million USD, accounting for 1%); seafood (46.6 million USD, accounting for 1%).

Products with the highest growth rate in turnover compared to 2012 include: Textile products (up 174%); rice (up 141%); phones of all kinds and components (up 128%); plastic products (up 73%); other types of iron and steel (up 66%).

Gemstones, precious metals and related products (up 55%); iron and steel products (up 48%); computers, electronic products and components (up 46%); cashew nuts (down 9%); seafood (down 7%).

Mobile phones, exported to the UAE since 2010, have consistently achieved high growth rates. The export turnover of phones and components to the UAE in 2010 reached 70.9 million USD, in 2011 reached 364 million USD (up 413%), in 2012 reached 1.5 billion USD (up 312%), in 2013 reached 3.42 billion USD, up 128%).

Vietnam's mobile phones are taking up a large market share in the UAE (about 22% of the UAE's total import turnover in 2012). The average growth rate of UAE's mobile phone imports in the 2008-2012 period was about 20%. The UAE currently accounts for 3.3% of the world's total mobile phone imports.

According to Government.Vn