Middle East sees surge in trade

Despite negative growth in international trade, the Middle East witnessed a solid increase in trade during the last two years, especially in the re-export business, defying the international trend, according to a report by Emirates Industrial Bank.

Last updated: July 23, 2019 | 21:33

By A Staff Reporter

1 MIN READ

MAJOR RE-EXPORTING COUNTRIES
Value & Growth

Re-exports
$ billion

Growth
(2000 - 2001)

Hong Kong

170.8

-5%

Singapore

55.6

-6%

U.A.E

7.6

26%

Source: WTO & U.A.E Trade Statistics

WORLD MERCHANDISE TRADE (EXPORTS), 1990-2001

Value
($ billion)

Share %

Growth

(1990)

2001

1990-2001

2001

Food

437

(9.3)

7.3

Raw materials

110

(2.9)

1.8

-9

Ores

(1.6)

1.1

-1

Fuels

616

(10.7)

10.3

-8

Non-ferrous metals

111

(2.1)

1.9

-9

Iron & steel

130

(3.1)

2.2

-8

Chemicals

595

(8.7)

9.9

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