Key Sectors

Total Import   (2019)

(B/AED)

Total Export   (2019)

(B/AED)

Total Re-Export   (2019)

(B/AED)

Top Partner   (2019)

(Total Trade)

Top Product (2019)

Total Trade

Surplus / deficit   (2019)

(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 3886.02 billion in 2019 decrease of 1.9% compared to 2018 which was USD 3961.89 billion. The Vehicles & Transport Equipment trade represented 10.28% of the total global trade.

Dubai vehicles & transport equipment trade (export + import) has decreased to USD 18.74 billion in 2019, a decrease of 11.33% compared to USD 21.14 billion in 2018. Dubai vehicles & transport equipment trade represented 0.18% of the total global trade.

Dubai vehicles & transport equipment exports were AED 2.27 billion in 2019 which accounts for 1.5% 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:  Kuwait, USA, Spain, Sultanate of Oman and Germany.

Dubai vehicles & transport equipment imports were AED 66.45 billion in 2019 which accounted for 8.3% 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, Germany, USA, UK and South Korea.

Dubai vehicles & transport equipment re-exports were AED 45.35 billion in 2019 which accounted for 10.8% 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: China, Sultanate of Oman, Iraq, USA and Saudi Arabia. (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

Code
Dubai Trade ()
(2015-2019)
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 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