Dubai records AED39.9 billion worth of auto parts and accessories trade in 2017
Imports of tyres, batteries, engine components and systems into Dubai were valued at AED22.35 billion last year
Dubai’s auto parts and accessories trade was valued at AED39.9 billion in 2017, a 3% increase over the previous year (AED38.7 billion), according to figures released by Dubai Customs.
Imports of tyres, batteries, engine components and systems into Dubai were valued at AED22.35 billion last year, while the value of exports and re-exports in Dubai was AED17.54 billion.
The volume of trade in Dubai’s thriving automotive aftermarket has also increased year-on-year, with 2.25 million tonnes of tyres, batteries, engine components and systems shipped through the Emirate in 2017, 8.4% up on 2016.
According to Dubai Customs, Japan (AED5.63 billion), South Korea (AED3 billion), USA (AED2.94 billion), Germany (AED2.69 billion), and China (AED2.39 billion) were Dubai’s top country partners last year in terms of total auto parts trade. Meanwhile, Saudi Arabia (AED2 billion), Afghanistan (1.34 billion), Iraq (AED1.1 billion) Oman (AED730 million), and Kuwait (AED580 million) were the Emirate’s biggest export and re-export markets in 2017, accounting for a combined 33% of Dubai’s exports and re-exports of auto parts, accessories, tyres, and engine components for the year.
The five major trading partners comprised 69% of Dubai’s total automotive part imports in 2017. Japan was the top destination from which Dubai’s car parts originated, claiming AED5.61 billion of the market and a 25% share of total imports. South Korea followed with AED2.94 billion (13%) worth of exports to Dubai. The US (AED2.37 billion), Germany (AED2.29 billion), and China (AED2.17 billion) comprise the other three top exporters to Dubai.