ELECTRICAL EQUIPMENT - Monthly Trend
Source - Dubai Custom
Sector Overview - ELECTRICAL EQUIPMENT
The global electrical machinery trade (export + import) has reduced to USD 10105.85 billion in 2019 decrease of 2.2% compared to 2018 which was USD 10331.79 billion. The electrical machinery trade represented 26.74% of the total global trade.
Dubai electrical machinery trade (export + import) has raised to USD 61.38 billion in 2019, an increase of 5.15% compared to USD 58.37billion in 2018. Dubai electrical machinery trade represented 0.59% of the total global trade.
Dubai electrical machinery exports were AED 8.54 billion in 2019 which accounts for 5.5% of Dubai export.
The top exported products were: Boring or sinking machinery; parts of the machinery of item no (HS Code: 843143), Insulated electric conductors; ignition wiring sets and other wiring sets of a kind used in vehicles (HS Code: 854430) and Telephones for cellular networks or for other wireless networks (HS Code: 851712).
The top export destinations were: Saudi Arabia, Sultanate of Oman, USA, Germany and Iraq.
Dubai electrical machinery imports were AED 216.55 billion in 2019 which accounted for 27.2% of the total Dubai imports.
The top import products were: Telephones for cellular networks (HS Code: 851712), Automatic data processing machines; portable, weighing not more than 10kg (HS Code: 847130) and Turbo-jets; of a thrust exceeding 25kN (HS Code: 841112).
The top import origins were: China, USA, Vietnam, India and UK.
Dubai electrical machinery re-exports were AED 166.98 billion in 2019 which accounted for 39.7% of the total Dubai re-export.
The top re-export products: Telephones for cellular networks or for other wireless networks (HS Code: 851712), Automatic data processing machines; portable, weighing not more than 10kg (HS Code: 847130) and Engines; for aircraft, spark-ignition reciprocating (HS Code: 840710).
The top re-export destinations were: Saudi Arabia, Iraq, Iran, Sultanate of Oman and Kuwait.
The electrical machinery sector contains Sections No. (84-85).
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