The UAE-Africa trade market is one of the world’s most dynamic and fast-growing regions. The UAE and Africa have a long and successful trading history, and the relationship between the two regions is only growing stronger. In recent years, the UAE has increased its presence and investments in Africa, making it one of the world’s leading investors in the continent. This has resulted in the UAE becoming an increasingly important trading partner for African countries, with imports and exports from the UAE to African countries rising.
In this blog post, we will look in-depth at the current state of the UAE-Africa trade market, examining the factors that have led to its growth and the potential for continued expansion for both sides. Whether you are a business owner, investor, or just interested in the global economy, this blog post will provide you with a comprehensive overview of the UAE-Africa trade market and insight into the opportunities that come with it. So, read on and discover what this dynamic trade relationship offers!
Table of Contents
UAE-Kenya Trade Market
The UAE-Kenya trade market is rapidly growing and profitable for both countries. The UAE is a significant destination for Kenyan exports, while Kenya is a major supplier of UAE imports. The two countries have a long-standing relationship, with the UAE being one of the largest foreign investors in Kenya.
The UAE-Kenya trade market has significantly increased in recent years, with total trade between the two countries increasing by almost ten-fold in the past decade. This growth is due to the growing demand for Kenyan exports in the UAE and the UAE’s investments in Kenya’s infrastructure.
Overall, the UAE-Kenya trade market is rapidly growing and profitable for both countries. It is a mutually beneficial relationship and is set to continue to grow in the future.
United Arab Emirates shipments to Kenya have grown at an annualized rate of 6.88% over the past 23 years, from $289M in 1997 to $1.34B in 2020. Refined petroleum, broadcasting equipment, and propylene polymers are the major exports from the United Arab Emirates to Kenya.
Kenyan shipments to the United Arab Emirates grew at an annualized rate of 14.4% over the past 23 years, from $15.4 million in 1997 to $338 million in 2020. Refined petroleum, tea, sheep and goat meat were Kenya’s top exports to the United Arab Emirates.
The United Arab Emirates placed 24 in total exports and 51 in the Economic Complexity Index in 2020. Kenya was rated 103 in total exports and 80 in economic complexity that same year.
UAE-Egypt Trade Market
The UAE-Egypt Trade Market is an essential gateway for companies in both countries to access goods and services. The UAE and Egypt are two of the most important economies in the Middle East, and the trade between the two countries has been growing steadily over the last decade. With the UAE-Egypt Trade Market, businesses from both countries can access a wide range of products, services, and market opportunities.
The UAE-Egypt Trade Market has significantly contributed to both countries’ economic prosperity.
The UAE-Egypt Trade Market is essential for the two countries to collaborate and cooperate. The two countries have been able to establish strong ties and have been able to work together on various initiatives. The UAE-Egypt Trade Market has been an important contributor to both countries’ economic and political stability.
United Arab Emirates shipments to Egypt have grown at an annualized rate of 24.8% over the past 25 years, from $14.5M in 1995 to $3.69B in 2020. The three significant exports from the United Arab Emirates to Egypt are computers, refined petroleum, and broadcasting equipment.
Egypt’s shipments to the United Arab Emirates have grown at an annualized rate of 19.1% over the past 25 years, from $41M in 1995 to $3.21B in 2020. Gold, video displays, and insulated wire were Egypt’s top exports to the United Arab Emirates.
United Arab Emirates placed 24 in total exports and 51 in the Economic Complexity Index in 2020. Egypt placed 57 in total exports and 68 in the Economic Complexity Index in the same year.
UAE-South Africa Trade Market
The United Arab Emirates and South Africa have a strong and growing trade relationship that dates back to the late 1980s. The two countries have a free trade agreement, and the UAE is one of South Africa’s largest trading partners in the region, with the two countries exchanging billions of dollars in goods each year.
The UAE-South Africa trade relationship will expand further in the coming years as the two countries continue to work together to explore new opportunities for cooperation and investment in various sectors. With the help of the free trade agreement, the two countries plan to create deeper economic ties and strengthen their political and cultural relationships.
United Arab Emirates shipments to South Africa have grown at an annualized rate of 13.1% over the past 25 years, from $61.4M in 1995 to $1.32B in 2020. Refined petroleum, petroleum, and copper wire are the primary exports from the United Arab Emirates to South Africa.
Exports from South Africa to the United Arab Emirates have grown at an average rate of 16.2% over the past 25 years, from $86M in 1995 to $3.69B in 2020. Gold, diamonds, and ferroalloys were South Africa’s top exports to the United Arab Emirates.
United Arab Emirates placed 24 in total exports and 51 in the Economic Complexity Index in 2020. South Africa was rated 36 in total exports and 54 in the Economic Complexity Index in that same year.
UAE-Morocco Trade Market
The United Arab Emirates and Morocco have enjoyed a strong trading relationship for over two decades. The UAE is Morocco’s second largest trading partner in the Arab world.
The two countries have signed a number of agreements to further strengthen their trade and investment relations. These include the Free Trade Agreement between the UAE and Morocco, which was signed in 2019, and the Memorandum of Understanding (MoU) on the Promotion of Investment and Trade, which was signed in 2020. Both agreements are aimed at creating a more favorable business environment and encouraging more Foreign Direct Investment (FDI) from the UAE into Morocco.
As a result of these efforts, the UAE-Morocco trade market is expected to continue to grow in the coming years.
United Arab Emirates shipments to Morocco have grown at an annualized rate of 15.4% over the past 25 years, from $15 million in 1995 to $543 million in 2020. Sulfur, cars, and raw aluminum are the major exports from the United Arab Emirates to Morocco.
Morocco’s shipments to the United Arab Emirates have grown at an annualized rate of 16.3% over the past 25 years, from $3.08 million in 1995 to $134 million in 2020. Silver, broadcasting equipment, and cars were the major exports from Morocco to the United Arab Emirates.
United Arab Emirates placed 24 in total exports and 51 in the Economic Complexity Index in 2020. Morocco was rated 60 in terms of total exports and 81 in terms of economic complexity in that same year.
UAE-Algeria Trade Market
The UAE-Algeria trade market is a rapidly growing industry that has seen a dramatic increase in trade between the two countries over the past few years.
The UAE-Algeria trade market has continued to grow in recent years, with both countries working to increase bilateral trade and investment. In 2018, the UAE and Algeria signed several agreements to promote increased cooperation in the energy sector and foster more significant economic and trade ties between the two countries. The UAE has also invested heavily in Algeria’s energy infrastructure and is looking to increase investments in the country’s agricultural sector.
Overall, the UAE-Algeria trade market is a rapidly growing industry that offers many opportunities for both countries to benefit from increased trade and investment. As the two countries continue cooperating and investing in each other, their trade relationship will grow.
United Arab Emirates exports to Algeria have grown over the past 25 years at an annualized rate of 20%, from $6.24M in 1995 to $590M in 2020. Vehicles, parts and accessories, laboratory reagents, packaged medicament, and delivery trucks comprise most of the United Arab Emirates exports to Algeria.
Algerian shipments to the United Arab Emirates have grown at an annualized rate of 23.5% over the past 25 years, from $515k in 1995 to $99.9M in 2020. Crude oil, hydrogen, and raw sugar were Algeria’s top exports to the United Arab Emirates.
United Arab Emirates placed 24 in total exports and 51 in the Economic Complexity Index in 2020. Algeria was rated 71 in terms of total exports and 112 in terms of economic complexity in that same year.
Conclusion
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What benefits does the UAE-Africa trade market offer?
The UAE-Africa Trade Market provides a wide range of benefits to companies, including access to new markets, increased efficiency, and reduced costs. Companies can also use the platform to search for and discover new partners, customers, and suppliers.
What is the size of the UAE-Africa trade market?
The UAE-Africa trade market is estimated to be worth over $35 billion. It is one of the fastest-growing trade markets in the world, with the UAE being one of the top five African trading partners.
What are the most popular products traded between the UAE and Africa?
The most popular products traded between the UAE and Africa are petroleum products, machinery and transport equipment, chemicals, and building materials.
How can I find reliable shipping companies in Dubai to ship freight to Africa?
There are many reliable shipping companies in Dubai to Africa. The UAE government has created a number of incentives for companies that export goods to African countries, making it an attractive destination for traders. DFreight is one of the top shipping companies in Dubai for Africa that provides you with full transparency and visibility over your shipments through its digital freight platform.
What safety measures are taken by shipping companies in Dubai to Africa?
Shipping companies in Dubai to Africa take several safety measures to ensure the safe delivery of goods. These include secure cargo packaging, cargo tracking and monitoring and strict adherence to local regulations and laws. Additionally, many shipping companies also provide insurance coverage for goods during transit.
