Dubai external trade doubles ten times to AED 1.271 trillion since 2000

iStock

Dubai non-oil external trade has doubled tenfold between 2000 and 2019, rising from AED 143 billion in 2000 to AED 1.271 trillion in 2019.

In the first half of 2020, Dubai trade made around AED 551 billion, according to figures released by Dubai Customs on the occasion of the UAE 49th National Day celebrations.

The figures reflected the significant role the oldest government department has played in developing and enhancing Dubai and the national economy through the years.

In its long journey, Dubai Customs has gone through different stages of development. In the 1970s, it established Customs Centres to control Dubai’s sea, air and land ports. These included coastal customs centres at Dubai Creek, Port Rashid and Jebel Ali Customs Centre.

With the development of airports, customs centres were established at Dubai International Airport, Al Maktoum Airport, Air Cargo Customs centres, among others.

As of April 1 2001, Dubai Customs went into a new development phase with the launch of the Ports Customs and Free Zone Corporation.

After His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, assumed office on January 4 2006, Dubai Customs witnessed significant development in performance and services, which led the UAE to first place on the Customs Efficiency Index.

Ahmed Mahboob Musabih, Director-General of Dubai Customs, said, "Dubai Customs keeps developing and evolving to keep abreast with the latest technologies, provide its clients with the most advanced services, and maintain its global leading status. We are celebrating the 49th National Day with the development of new initiatives and projects that will help catapult us to even higher status and enable us to serve our clients in the best possible way."

Dubai Customs has facilitated customs procedures through a number of leading projects. Towards efficient communication with its clients, it organises regular meetings through the Dubai Customs Consultative Council, and it has launched Ertebaat initiative for coordination with the diplomatic missions and the foreign businesses groups.

Customs transactions completed by Dubai Customs grew 44 per cent in 5 years (2015-2019) to 13 million transactions at the end of 2019 compared to 8.9 million transactions in 2015. The growth reflects the resilience of the national economy and the pivotal role Dubai plays in the global trade. Customs transactions in the first half of 2020 grew 41 per cent to 7.252 million transactions compared to 5.138 million transactions in the corresponding period last year.

More from Business

  • DoH awards research projects over AED19 million to transform AD healthcare

    The Department of Health – Abu Dhabi (DoH), in partnership with the Authority of Social Contribution - Ma’an, has awarded over AED19 million in grants to support advancements in groundbreaking fields such as cell and gene therapies, precision medicine, and advanced cancer treatments.

  • UAE, Italy sign MoU to combat financial, economic crimes

    The UAE General Secretariat of the National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee (GS-NAMLCFTC) and the Italian Guardia di Finanza on Friday signed a Memorandum of Understanding for a strategic partnership in the fight against the emerging financial crime threats.

  • Putin says there is no time to sign new Ukraine gas transit deal this year

    President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria.

  • New tax programme for government employees

    Dubai Finance (DOF) and PwC Academy, the talent and skills development arm of PwC Middle East, have announced a strategic partnership to introduce a new Tax Professional Certificate aimed at tax professionals working within Dubai’s government entities.

  • Brazil says workers at BYD construction site victims of human trafficking

    Chinese workers found at a construction site for a factory owned by China's electric vehicle producer BYD in Brazil's Bahia state are victims of human trafficking, Brazilian labor authorities said on Thursday.