(B/AED)
(B/AED)
(B/AED)
(Total Trade)
Total Trade
(B/AED)
MINERAL PRODUCTS - Monthly Trend
Source - Dubai Custom
Sector Overview - MINERAL PRODUCTS
The global mineral products trade (export + import) has reduced to USD 4424.87 billion in 2019 decrease of 13.8% compared to 2018 which was USD 5132.57 billion. The mineral products trade represented 11.71% of the total global trade.
Dubai mineral products trade (export + import) has raised to USD 22.19 billion in 2019, an increase of 39.06% compared to USD 15.96 billion in 2018. Dubai mineral products trade represented 0.22% of the total global trade.
Dubai mineral products exports were AED 15.64 billion in 2019 which accounts for 10.1% of Dubai export.
The top exported products were: Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271012), Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271019) and Oils; petroleum oils and oils obtained from bituminous minerals, crude (HS Code: 270900).
The top export destinations were: China, Kenya, South Korea, India and Japan.
Dubai mineral products imports were AED 65.74 billion in 2019 which accounted for 8.3% of the total Dubai imports.
The top import products were: Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271012), Oils; petroleum oils and oils obtained from bituminous minerals, crude (HS Code: 270900) and Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271019).
The top import origins were: India, Bahrain, Kuwait, Saudi Arabia, and Iran.
Dubai mineral products re-exports were AED 19.04 billion in 2019 which accounted for 4.5% of the total Dubai re-export.
The top re-export products: Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271012), Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils (HS Code: 271019) and Petroleum bitumen; obtained from bituminous minerals (HS Code: 271320).
The top re-export destinations were: Iraq, Pakistan, Tanzania, Kenya and Djibouti.
Note:
The mineral products sector contains Sections No. (27).
All ranks not including free zones.
Source - Dubai Custom
Sector Competitive Landscape
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