(MENAFN- Khaleej Times) A recent statistics declared by Dubai Customs that was timed to coincide with the Dubai International Motor Show, showed that the biggest growth was in the imports, which rose 21 per cent to Dh23 billion compared to Dh19 billion, while the value of cars re-export grew by 13 per cent to Dh9 billion compared to Dh8 billion in the first half of 2012.
This growth reflects the extent to which Dubai markets attract car trade due to the rising purchasing power of individuals and institutions, as well as the increasing numbers of citizens and residents who joined the labour market in various economic sectors. The growth in re-export reflects success of car agents in the emirate in reaching the foreign markets, and covering their increasing needs, supporting the national economy's ability to benefit from growth of re-export markets.
Dubai Customs is keen to provide the best facilities for car trading, by accelerating customs clearance procedures to meet market's needs without delay. The department constantly coordinates with car agencies to improve the levels of customs services provided to them, through providing a real added value that supports their investments and reinforces economic position of Dubai on the regional and international levels.
According to the statistics of the first half of 2013, Japan comes at the forefront of Dubai's trading partners in cars foreign trade with a share up to 25 per cent of the total, equivalent to Dh8 billion, followed by the USA with a share up to 13 per cent, equivalent to Dh4 billion, then South Korea with a share up to six per cent, equivalent to Dh2 billion. So the share of the three countries in total of Dubai's foreign trade of motor vehicles reaches 44 per cent, equivalent to Dh14 billion. On the imports level, the share of these countries is up to 62 per cent; 34 per cent to Japan, 19 per cent to USA, and nine per cent to South Korea.
China comes at the forefront of car re-export market from Dubai, with a share up to 10 per cent of the total, equivalent to Dh915 million, followed by Libya with a share up to eight per cent, equivalent to Dh757 million, then Iraq with a share up to eight per cent, equivalent to Dh708 million. So the share of the three countries is up to 26 per cent of re-export totals.
Dubai Customs supports the trade of cars and other sectors through its transformation into the first 100 per cent smart government department. It provides all services via smartphones round-the-clock, including direct follow-up to the requests submitted by phones, through a follow-up system developed internally by Dubai Customs, which
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