FOOD & BEVERAGES - Monthly Trend
Source - Dubai Custom
Sector Overview - FOOD & BEVERAGES
The global food & beverages trade (export + import) has reduced to USD 3207.99 billion in 2019 decrease of 0.6% compared to 2018 which was USD 3226.16 billion. The food & beverages trade represented 8.5% of the total global trade.
Dubai food & beverages trade (export + import) has raised to USD 18.82 billion in 2019, an increase of 2.8% compared to USD 18.30 billion in 2018. Dubai Food & Beverages trade represented 0.18% of the total global trade.
Dubai food & beverages export was AED 16.94 billion in 2019 which accounts for 10.9% of Dubai export.
The top exported products were: Cigarettes; containing tobacco (HS Code: 240220), Vegetable oils; low erucic acid rape (HS Code: 151411); Dairy produce; milk and cream, concentrated, not containing added sugar (HS Code: 40221).
The top export destinations were: Iraq, Somalia, Sultanate of Oman, Libya and China.
Dubai food & beverages imports were AED 52.1 billion in 2019 which accounted for 6.5% of the total Dubai imports.
The top import products were: Cigarettes; containing tobacco (HS Code: 240220), Meat; of bovine animals, boneless cuts, frozen (HS Code: 20230) and Cereals; rice, semi-milled (HS Code: 100630).
The top import origins were: USA, India, Brazil, Australia and France.
Dubai food & beverages re-exports were AED 17.26 billion in 2019 which accounted for 4.1% of the total Dubai re-export.
The top re-export products: Cigarettes; containing tobacco (HS Code: 240220), Meat; of bovine animals, boneless cuts, frozen (HS Code: 20230) and Whiskies (HS Code: 220830).
The top re-export destinations were: Iran, Iraq, Sultanate of Oman, Afghanistan and India. (Excluding free zones).
The food & beverages sector contains Sections No. (01-02-03-04-05-06-07-08-09-10-11-12-13-14-15-16-17-18-19-20-21-22-23-24).
All ranks not including free zones.
Source - Dubai Custom
Sector Competitive Landscape
Source - Dubai Custom - UN Comtrade
Note : Forecast from 2020 based on historical values. It’s taking into account the latest available global trade development forecasts published by United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO), which expect the value of global trade to finish the year 2020 at about 9% below the level of 2019 due to the economic impact of the COVID-19 pandemic. Furthermore, they predict merchandise trade to grow at a rate of around 7% in 2021. From 2022 on, the global average growth rate is forecasted to be at around 3-4%.
Source: Dubai Customs - KCORP