Dubai hardware, tools trade hits AED4.8bn

DUBAI / WAM

Dubai’s external trade in hardware and tools reached AED4.8 billion in 2017, with imports standing at AED3.4 billion, re-exports at AED1.36 billion, and exports at AED30 million, according to the latest figures released by Dubai Customs ahead of Hardware and Tools Middle East 2018, the region’s only trade fair dedicated solely to tools, hardware, materials and machinery.
The event will be organised at the Dubai World Trade Centre from April 2-4. The figures revealed that China and the USA topped the list of Dubai’s partners in hardware and the tools trade in 2017, with trade worth AED760 million each.
Italy came in second with AED467 million, Germany with AED307 million, and India with AED205 million.
Ahmed Abdul Salam Kazim, Director of Strategy and Corporate Excellence, said, “Dubai’s external trade in hardware and tools helps the emirate in developing a number of important economic
sectors which support the national economy.”
“We are in close contact with hardware and tools companies to learn about their needs and goals. This is important, especially with our preparations in the UAE to host the renowned Expo 2020. Following the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Dubai Customs is committed to providing the best services and assistance to legitimate trade in Dubai, in realisation of ambitious visions and plans, such as the UAE Centennial 2071.”