GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Ras Al Khaimah – UAE- 20 April 2017: According to a report published by the Studies & Commercial Cooperation Department at the Ras Al Khaimah Chamber, based on data from the Ras Al Khaimah Customs Department, foreign trade in the Emirate grew by 11.8% in 2016 compared to 2015. 

Dr. Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector at Ras Al Khaimah Chamber said that foreign trade in the Emirate grew by 11.8% in 2016 to reach a value of AED 10 billion compared to AED 9.04 billion in 2015. Exports had the lion's share and reached AED 3.78 billion, or 37.4% of total foreign trade, followed by imports which reached AED 3.53 billion or 34.9% while the re-export market reached AED 2.79 billion or 27.7% of total foreign trade. 

Al Shemaili added that the total weight of the Emirate's foreign trade reached 68,644,584,751 kilograms last year, of which 63,634,723,748 kilograms were exports, 4,594,499,244 kilograms were imports, and 415,361,759 kilograms were in the form of re-exports. 

According to Raja' Mohammad Bin Juma, Head of the Economic Studies Section at Ras Al Khaimah Chamber, imports to the Emirate grew by 16.4% to AED 3.53 billion in 2016 compared to AED 3.03 billion in 2015. Exports, increased by 6% in 2016 to AED 3.78 billion compared to AED 3.56 billion in 2015. Re-exports grew by 14.3% to AED 2.79 billion in 2016 compared to AED 2.4 billion in 2015. 

As for the geographic allocation of Ras Al Khaimah's non-oil foreign trade activity in 2016, Ms. Juma said that RAK Free Trade Zone lead the way in exports to the Emirate with AED 971 million, representing 27.5% of total imports to the Emirate. This was followed by imports worth AED 638 million from Japan at 18% of the total, AED 400 million from South Africa at 11%, AED 204 million from China at 5.8%, followed by AED 184 million from the United States at 5.2% of total imports to the Emirate. 

Other sources of imports to Ras Al Khaimah included Finland at 4.12% of the total, Oman at 4.1%, Bahrain at 4%, India at 3.1%, and Iran at 2.1%.

As for exports from Ras Al Khaimah, Oman was the leading destination with a total value of about AED 906.8 million or 24% of total exports, followed by Kuwait with a value of AED 855 million or 22.6%, Qatar at AED 559 million or 14.8%, followed by India at 12.7% with a value of about AED 480 million, and Bahrain at about AED 281 million or 7.4% of total exports. 

Other destinations for exports from Ras Al Khaimah included Yemen at 3.9% of total exports, Saudi Arabia at 2.97%, Kenya at 2.94%, followed by Jebel Ali Port at 2%, and Iraq at 1%. The rest of the Emirate's exports were distributed among a number of other countries. 

Oman also took first place in terms of re-exports through Ras Al Khaimah with a total value of AED 1.243 billion representing the lion's share at 44.5%. It was followed by Bulgaria with a total value of AED 920.8 million or 33% of total re-exports through the Emirate, Azerbaijan with a value of AED 224 million at 8%, RAK Free Trade Zone with a total of AED 102.8 million at 3.7%, followed by Qatar with a total value of about AED 87 million at 3.1% of total re-exports through Ras Al Khaimah. 

Other destinations of re-exports through the Emirate included Georgia with a share of 2.67%, Iraq with 1.1%, followed by Kuwait, Saudi Arabia and shipping warehouses.



Posted by : GoDubai Editorial Team
Viewed 17794 times
Posted on : Thursday, April 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : New Emirati Free Trade Zone for European Markets Announced at Hannover Messe
Next Story : Henkel Reports Strong Performance in Fiscal Year 2016; Middle East and Africa Region with Strong Org...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Grand Mall Opens the 52nd Outlet in Al Musallah - Sharjah
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Meet the FOREO family as they share their top tips for radiant skin during the ...
Amani Glam Collection
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Three Trends to Try with Palladio Beauty
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Lip Stick to my Heart - GOSH New Collections
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Carrera UAE Exhibition
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
bebe Launches First Ever Ramadan Capsule Collection
New Master Maserati Driving Courses for 2018
Toyota Rush makes a new beginning in the UAE
Care for your baby's sensitive skin with Corine de Farme
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Ramadan-Inspired Sandro SS18 Pieces
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Dubai Holy Quran Radio launches new special programmes for Ramadan
Beautiful Kaftans for Ramadan from GUESS
Celebrate a Traditional Ramadan at the First Swissôtel in Dubai
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
HydroPeptide Launches Solar Defense Products in UAE
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Make Ramadan Better With the Gift of Sharing
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
The Balmain de Balmain II Mini is a true win-win
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Facebook Launches Youth Portal, a Central Place for Teens
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Google launches new feature on Search to mark Ramadan
CND™ Boho Spirit: The Collection Summer 2018 Shades
Global Rollout of LGG7 Thinq Gets Underway
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Charity event brings early Ramadan spirit to children of determination and their...
OMEGA Welcomes Sailing Sensations Peter Burling and Blair Tuke as Brand Ambassadors
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Breitling's Navitimer 8 Collection Arrives in The Middle East
Corum in Rome: La Dolce Vita Returns to Watchmaking
A Nose for Great Sound
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction