Flag United Arab Emirates

Econ Complexity (2018): 0.26, Rank 55 of 137

Product Exports (2018): $242B, Rank 26 of 222

Exports Per Capita (2018): $25.1k, Rank 1 of 219

Product Imports (2018): $232B, Rank 21 of 221

Imports Per Capita (2018): $24.1k, Rank 1 of 219

Service Exports (2015): $27.2B, Rank 38 of 170

Service Imports (2015): $24.4B, Rank 39 of 170

GDP (2018): $414B, CURRENT US$
Rank 28 of 196

GDP growth (2008 - 2018): 31.3%, CURRENT US$
Rank 110 of 196

GDP PC (2018): $43,005, CURRENT US$
Rank 21 of 196

GDP PC GROWTH (2008 - 2018): -3.36%, CURRENT US$
Rank 158 of 196

Overview: This page contains the latest international trade data for United Arab Emirates, including service trade data, and tariffs. In 2018 United Arab Emirates was the number 28 economy in the world in terms of GDP (current US$), the number 26 in total exports, the number 21 in total imports, and the number 55 most complex economy according to the Economic Complexity Index (ECI). In 2018, United Arab Emirates exported $242B and imported $232B, resulting in a positive trade balance of $9.67B. In 2018, United Arab Emirates's exports per capita were $25.1k and its imports per capita were $24.1k.

Trade: The top exports of United Arab Emirates are Crude Petroleum ($58.1B), Refined Petroleum ($32.3B), Gold ($15.4B), Jewellery ($12.2B), and Diamonds ($10.2B). The top imports of United Arab Emirates are Gold ($27.3B), Broadcasting Equipment ($15.5B), Jewellery ($13.4B), Refined Petroleum ($12.8B), and Cars ($11.3B).

Destinations: United Arab Emirates exports mostly to India ($23.8B), Japan ($21.7B), China ($17.4B), Saudi Arabia ($17.2B), and Oman ($11.7B), and imports mostly from China ($32.1B), India ($27.1B), United States ($17.3B), United Kingdom ($9.69B), and Germany ($9.68B).

Location: United Arab Emirates borders Oman and Saudi Arabia by land and Iran and Qatar by sea.

Yearly Exports

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Top Export (2018): Crude Petroleum, $58.1B

Top Destination (2018): India, $23.8B

In 2018 United Arab Emirates exported a total of $242B, making it the number 26 exporter in the world. During the last five reported years the exports of United Arab Emirates have changed by $26.4B from $215B in 2013 to $242B in 2018.

The most recent exports are led by Crude Petroleum ($58.1B), Refined Petroleum ($32.3B), Gold ($15.4B), Jewellery ($12.2B), and Diamonds ($10.2B). The most common destination for the exports of United Arab Emirates are India ($23.8B), Japan ($21.7B), China ($17.4B), Saudi Arabia ($17.2B), and Oman ($11.7B).

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Yearly Imports

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Top Import (2018): Gold, $27.3B

Top Origin (2018): China, $32.1B

In 2018 United Arab Emirates imported $232B, making it the number 21 trade destination in the world. During the last five reported years the imports of United Arab Emirates changed by $8.55B from $223B in 2013 to $232B in 2018.

The most recent imports of United Arab Emirates are led by Gold ($27.3B), Broadcasting Equipment ($15.5B), Jewellery ($13.4B), Refined Petroleum ($12.8B), and Cars ($11.3B). The most common import partners for United Arab Emirates are China ($32.1B), India ($27.1B), United States ($17.3B), United Kingdom ($9.69B), and Germany ($9.68B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

United Arab Emirates Exports Services (2015): $27.2B

United Arab Emirates Imports Services (2015): $24.4B

In 2015, United Arab Emirates exported $27.2B worth of services. The top services exported by United Arab Emirates in 2015 were Travel ($16B), Transportation ($10.3B), and Government services, n.i.e. ($871M).

The top services imported by United Arab Emirates in 2015 were Travel ($15.1B), Transportation ($8.06B), and Government services, n.i.e. ($1.2B).

Trade Forecasts

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This section shows forecasts for total product exports and imports for United Arab Emirates. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for United Arab Emirates are Homogenized or reconstituted tobacco (100%) and Products of tobacco, substitute nes, extract, essence (100%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for United Arab Emirates are:
136: Most Favoured Nation duty rate treatement
217: Preferential tariff for European Free Trade Association (EFTA) countries
231: Preferential tariff for Gulf Cooperation Council (GCC)
299: Preferential tariff for Singapore
313: Preferential tariff for the League of Arab States

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years United Arab Emirates's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨76th to the 55th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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United Arab Emirates has a high level of specialization in Limestone (30.6), Sulphur (13.6), Rolled Tobacco (10.5), Gravel and Crushed Stone (10.1), and Synthetic Reconstructed Jewellery Stones (10). Specialization is measured using RCA, an index that takes the ratio between United Arab Emirates observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of United Arab Emirates according to the product complexity index (PCI) are Steam turbines and other vapour turbines (1.36), Sound recordings other than photographic equipment (1.17), Pianos, harpsichords, keyboard string instruments nes (0.82), Nickel tubes, pipes and tube or pipe fittings (0.8), and Household, laundry-type washing machine, washer-drier (0.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for United Arab Emirates according to the relatedness index, are Ammonia (0.18), Wheat Flours (0.18), Raw Cotton (0.18), Other Oily Seeds (0.18), and Non-fillet Fresh Fish (0.17). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that United Arab Emirates is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.