TEXTILES - Monthly Trend
Source - Dubai Custom
Sector Overview - TEXTILES
The global textiles trade (export + import) has decreased to USD 1501.69 billion in 2020, a decrease of 4.04% compared to USD 1564.86 billion in 2019. The textiles trade represented 4.31% of total global trade.
Dubai textiles trade (export + import) has decreased to USD 5.85 billion in 2020, decrease of 4.38% compared to USD 7.04 billion in 2019. Dubai textiles trade represented 0.39% of the total global textiles trade.
Dubai textiles exports were AED 1.62 billion in 2020 which accounts for 0.97% of Dubai export.
The top exported products were: Yarn, synthetic; filament, monofilament (less than 67 decitex) (HS Code: 540249), Fabrics, woven; from strip or the like, of synthetic textile materials (HS Code: 540720) and Wadding; other articles thereof, of man-made fibres (HS Code: 560122).
The top export destinations were: USA, Belgium, Saudi Arabia, UK and Australia.
Dubai textiles imports were AED 19.83 billion in 2020 which accounted for 2.89% of the total Dubai imports.
The top import products were: T-shirts, singlets and other vests; of cotton, knitted or crocheted (HS Code: 610910), Fabrics, woven; containing 85% or more by weight of textured polyester filaments, dyed (HS Code: 540752) and Trousers, bib and brace overalls, breeches and shorts; men's or boys', of cotton (not knitted or crocheted) (HS Code: 620342).
The top import origins were: China, India, Bangladesh, Turkey and Italy.
Dubai textiles re-exports were AED 9.00 billion in 2020 which accounted for 2.74% of the total Dubai re-export.
The top re-export products: Fabrics, woven; containing 85% or more by weight of textured polyester filaments, dyed (HS Code: 540752), T-shirts, singlets and other vests; of cotton, knitted or crocheted (HS Code: 610910) and Trousers, bib and brace overalls, breeches and shorts; men's or boys', of cotton (not knitted or crocheted) (HS Code: 620342).
The top re-export destinations were: Saudi Arabia, Sultanate of Oman, Iran, Kuwait and Iraq.
The textiles sector contains Sections No. (50-51-52-53-54-55-56-57-58-59-60-61-62-63)
All ranks not including free zones.
Source - Dubai Custom
Sector Competitive Landscape
Source - Dubai Custom - UN Comtrade
Note : Forecast from 2020 based on historical values. It’s taking into account the latest available global trade development forecasts published by United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO), which expect the value of global trade to finish the year 2020 at about 9% below the level of 2020 due to the economic impact of the COVID-19 pandemic. Furthermore, they predict merchandise trade to grow at a rate of around 7% in 2021. From 2022 on, the global average growth rate is forecasted to be at around 3-4%.
Source: Dubai Customs - KCORP