Flag United Arab Emirates

2019
Economic
Complexity
: 0.31, Rank 56 of 157

2019
Product
Exports | Imports
: $248B | $235B, 24 of 225 |  22 of 225

2019
Per Capita Product
Exports | Imports
: $25.4k | $24.1k, 8 of 219 |  47 of 219

2015
Service
Exports | Imports
: $27.2B | $24.4B, 38 of 170 | 39 of 170

Overview: In 2019 United Arab Emirates was the number 28 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 22 in total imports, the number 22 economy in terms of GDP per capita (current US$) and the number 56 most complex economy according to the Economic Complexity Index (ECI)

Exports: The top exports of United Arab Emirates are Crude Petroleum ($57.2B), Refined Petroleum ($32.1B), Gold ($21.4B), Jewellery ($13.7B), and Broadcasting Equipment ($12B), exporting mostly to India ($26.8B), Japan ($24B), Saudi Arabia ($17.9B), Switzerland ($15.1B), and China ($14.7B).

In 2019, United Arab Emirates was the world's biggest exporter of Rolled Tobacco ($3.81B), Postage Stamps ($759M), Sulphur ($679M), Gravel and Crushed Stone ($390M), and Limestone ($369M)

Imports: The top imports of United Arab Emirates are Gold ($31.8B), Broadcasting Equipment ($15.7B), Jewellery ($15.2B), Refined Petroleum ($15B), and Diamonds ($9.56B), importing mostly from China ($35.5B), India ($28.6B), United States ($17.1B), Germany ($9.72B), and United Kingdom ($9.52B).

In 2019, United Arab Emirates was the world's biggest importer of Aluminium Oxide ($2.12B)

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

Yearly Exports

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Value
Depth

Top Export (2019): Crude Petroleum, $57.2B

Top Destination (2019): India, $26.8B

In 2019, United Arab Emirates exported a total of $248B, making it the number 24 exporter in the world. During the last five reported years the exports of United Arab Emirates have changed by $10B from $238B in 2014 to $248B in 2019.

The most recent exports are led by Crude Petroleum ($57.2B), Refined Petroleum ($32.1B), Gold ($21.4B), Jewellery ($13.7B), and Broadcasting Equipment ($12B). The most common destination for the exports of United Arab Emirates are India ($26.8B), Japan ($24B), Saudi Arabia ($17.9B), Switzerland ($15.1B), and China ($14.7B).

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Yearly Imports

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Value
Depth

Top Import (2019): Gold, $31.8B

Top Origin (2019): China, $35.5B

In 2019 United Arab Emirates imported $235B, making it the number 22 trade destination in the world. During the last five reported years the imports of United Arab Emirates changed by -$5.4B from $241B in 2014 to $235B in 2019.

The most recent imports of United Arab Emirates are led by Gold ($31.8B), Broadcasting Equipment ($15.7B), Jewellery ($15.2B), Refined Petroleum ($15B), and Diamonds ($9.56B). The most common import partners for United Arab Emirates are China ($35.5B), India ($28.6B), United States ($17.1B), Germany ($9.72B), and United Kingdom ($9.52B).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

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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Scale

During the last 20 years United Arab Emirates's⁩ ⁨economy has become relatively mÑs complex, moving from the ⁩⁨102nd to the 56th⁩ 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 (29.4), Postage Stamps (19.6), Sulphur (15.3), Rolled Tobacco (10.4), and Jewellery (9.87). 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 Photographic paper, board, etc sensitised, unexposed (0.96), Spark-ignition internal combustion engines (0.92), Nickel tubes, pipes and tube or pipe fittings (0.84), Parts for use with lifting, moving machinery (0.84), and Sound recordings other than photographic equipment (0.72). 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 Other Oily Seeds (0.17), Wheat Flours (0.17), Perfume Plants (0.17), Cocoa Beans (0.16), and Melons (0.16). 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.