Leather & other articles - Monthly Trend
Source - Dubai Custom
Sector Overview - Leather & other articles
The global Leather & other articles trade (export + import) has decreased to USD 468.37 billion in 2020 decrease of 17.12% compared to 2019 which was USD 565.12 billion. The Leather & other articles trade represented 1.35% of total global trade.
Dubai Leather & other articles trade (export + import) has decreased to USD 2.39 billion in 2020, an decrease of 28.58% compared to USD 3.35 billion in 2019. Dubai Leather & other article trade represented 0.51% of the total global Leather & other articles trade.
Dubai Leather & other articles exports were AED 0.09 billion in 2020 which accounts for 0.05% of Dubai export.
The top exported products were: Leather; further prepared after tanning or crusting, including parchment-dressed (HS Code: 410792), Trimmings, accessories and parts of articles (HS Code: 660390) Leather articles (HS Code: 420500).
The top export destinations were: Saudi Arabia, Sultanate of Oman, USA, UK and India.
Dubai Leather & other articles imports were AED 8.68 billion in 2020 which accounted for 1.26% of the total Dubai imports.
The top import products were: Cases and containers; handbags (HS Code: 420221), Footwear; n.e.c. in heading no. 6403 (HS Code: 640399) and Footwear; (other than sportswear) (HS Code: 640419).
The top import origins were: China, Italy, Vietnam, France and Indonesia.
Dubai Leather & other articles re-exports were AED 4.11 billion in 2020 which accounted for 1.25% of the total Dubai re-export.
The top re-export products: Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like (HS Code: 640411), Footwear; (other than sportswear), with outer soles of rubber (HS Code: 640419) and Footwear; n.e.c. in heading no. 6403 (HS Code: 640399).
The top re-export destinations were: Saudi Arabia, Kuwait, Sultanate of Oman, Bahrain and USA.
The Leather & other articles sector contains Sections No. (41-42-43-64-65-66-67).
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