Recent surveys show the United Arab Emirates as the 25th largest exporter in the world. The UAE also has one of the most complex economies in the world, according to the Economic Complexity Index (ECI). Based on a very successful economic diversification plan, the UAE Government has succeeded to attract an important number of foreign entrepreneurs seeking for development and expansion opportunities in the Middle East.
If you want to open a company in the UAE and need assistance, our company registration agents in Dubai can help you.
Petroleum under different forms is the most exported product in the Emirates, and according to recent reports crude and refined petroleum have brought around 100 billion US dollars per year to the economy. Exports of petroleum-based products account for more than 60% of the country’s total exports. However, Dubai and the other Emirates are successfully exporting gold, aluminum and other metals. With respect to imports, the most imported products by Dubai companies are gold, jewelry and vehicles.
The most important trade partners of the UAE are Japan, India, Singapore, Thailand and South Korea. The United States, the United Kingdom and Germany are also among Dubai’s trading partners when it comes to exports. The UAE’s most important import ally is China followed by India and Japan.
Apart from Germany and the UK, in Europe Dubai’s main trade partners are France and Italy.
The video below shows the main import and export activites in Dubai:
Foreign investors setting up trading companies in Dubai must get familiar with the import and export procedures in the UAE. When importing goods to Dubai, a company must go through the Dubai Customs and supply the following documents:
The DFSA declaration will be issued by the Dubai Customs Services. The same documents are required when exporting goods from Dubai.
If you need assistance with import and export procedures, you can contact our agents in Dubai.