(B/AED)
(B/AED)
(B/AED)
(Total Trade)
Total Trade
(B/AED)
VEHICLES & TRANSPORT EQUIPMENT - Monthly Trend
Source - Dubai Custom
Sector Overview - VEHICLES & TRANSPORT EQUIPMENT
The global vehicles & transport equipment trade (export + import) has reduced to USD 3163.56 billion in 2020 decrease of 18.39% compared to 2019 which was USD 3876.42 billion. The Vehicles & Transport Equipment trade represented 9.08% of the total global trade.
Dubai vehicles & transport equipment trade (export + import) has decreased to USD 47.41 billion in 2020, a decrease of 31.01% compared to USD 68.72 billion in 2019. Dubai vehicles & transport equipment trade represented 0.41% of the total global vehicles & transport equipment trade.
Dubai vehicles & transport equipment exports were AED 1.54 billion in 2020 which accounts for 0.92% of Dubai export.
The top exported products were Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870323), Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870324) and Aircraft and spacecraft; parts of aeroplanes (HS Code: 880330).
The top export destinations were: Sultanate of Oman, Spain, Saudi Arabia, USA and Germany . (Excluding free zones).
Dubai vehicles & transport equipment imports were AED 45.87 billion in 2020 which accounted for 6.68% of the total Dubai imports.
The top import products were: Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870324), Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870323) and Aeroplanes and other aircraft; of an unladen weight exceeding 15,000kg (HS Code: 880240).
The top import origins were: Japan, USA, Germany, Thailand, UK and South Korea.
Dubai vehicles & transport equipment re-exports were AED 36.49 billion in 2020 which accounted for 11.11% of the total Dubai re-export.
The top re-export products: Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870324), Aircraft and spacecraft; parts of aeroplanes or helicopters n.e.c. in heading no. 8803 (HS Code: 880330) and Vehicles; with only spark-ignition internal combustion reciprocating piston engine (HS Code: 870323).
The top re-export destinations were: Iraq, China, Sultanate of Oman, Saudi Arabia and USA. (Excluding free zones).
Note:
The vehicles & transport equipment sector contains Sections No. (86-87-88-89)
All ranks not including free zones.
Source - Dubai Custom
Sector Competitive Landscape
Dubai
Trade
()
(2015-2020)
Dubai
Key Markets
Source - Dubai Custom - UN Comtrade
Trade Forecast
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 2020 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