Key Sectors

Total Import   (2020)

(B/AED)

Total Export   (2020)

(B/AED)

Total Re-Export   (2020)

(B/AED)

Top Partner   (2020)

(Total Trade)

Top Product (2020)

Total Trade

Surplus / deficit   (2020)

(B/AED)

BASE METAL - Monthly Trend

Source - Dubai Custom

Sector Overview - BASE METAL

The global base metal trade (export + import) has reduced to USD 2769.86 billion in 2020 decrease of 7.0% compared to 2019 which was USD 2976.83 billion. The base metal trade represented 8.0% of total global trade.

Dubai's base metal and articles trade (export + import) has reduced to USD 14.49 billion in 2020, a decrease of 16.63 % compared to USD 17.38 billion in 2019. Dubai's base metal and articles trade represented 0.52% of the total global base metal and articles trade.

Dubai base metal and articles exports were AED 24.06 billion in 2020 which accounts for 14.38% of Dubai export.  

The top exported products were: Aluminium; unwrought, alloys (HS Code: 760120), Ferrous waste and scrap (HS Code: 720449) and Copper; wire, of refined copper (HS Code: 740811).

The top export destinations were:  India, Pakistan, Japan, USA and Sultanate of Oman.

Dubai base metal and articles imports were AED 29.07 billion in 2020 which accounted for 4.24% of the total Dubai imports.

The top import products were: Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more (HS Code: 720851), Iron or non-alloy steel; bars and rods, hot-rolled, hot-drawn or hot-extruded (HS Code: 721420) and Iron or steel; structures and parts thereof (HS Code: 730890).

The top import origins were: China, India, USA, Congo, Sultanate of Oman and South Korea.

 Dubai base metal and articles re-exports were AED 6.58 billion in 2020 which accounted for 2.0% of the total Dubai re-export.

The top re-export products: Nickel; unwrought, not alloyed (HS Code: 750210), Iron or steel; articles (HS Code: 732690) and Iron or steel; threaded screws and bolts (HS Code: 731815).

The top re-export destinations were: Sultanate of Oman, Iraq, Saudi Arabia, India and Kuwait.

 

Note:

The base metal sector contains Sections No. (72-73-74-75-76-77-78-79-80-81-82-83-26).

All ranks not including free zones.

 

Source - Dubai Custom

Sector Competitive Landscape

Code
Dubai Trade ()
(2015-2020)
Dubai
Key Markets

Source - Dubai Custom - UN Comtrade

Trade Forecast

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