Trade in automobile spare parts through Dubai recorded a 40 per cent growth in 2005 over the previous year, according to official statistics. Between 2000 and 2005, the auto spare parts trade in Dubai increased by 155 per cent, Dubai Ports, Customs and Free Zone Corporation (PCFC) figures show.
The total value of vehicle spare parts trade in 2005 was more than Dh18 billion compared with Dh13 billion in 2004. Imports increased from Dh8 billion to Dh11 billion last year, while exports jumped from Dh524 million in 2004 to Dh934 million in 2005. Total value of re-exports was put at Dh5.8 billion, up from Dh4 billion in 2004, PCFC said in a statement.
Imports accounted for 63 per cent of the total trade, with re-exports making up 31 per cent and exports five per cent. “These remarkable figures reinforce Dubai’s reputation as a major re-export hub, with about half the total spare parts imports being re-exported to countries in the region and elsewhere in the world,” said Adel Al Ashram, senior manager at the PCFC department of statistics.
Automobile parts and accessories comprised the bulk of the total trade with a 30 per cent share, followed by pneumatic tires and liquid pumps at 19 per cent and seven per cent respectively.
Petroleum oils and oils obtained from bituminous minerals contributed six per cent and engine parts added another five per cent, with miscellaneous items forming the remaining 33 per cent.
Japan ranked first on the list of top automobile spare parts exporters to Dubai, with exports totalling Dh2 billion. China was second with exports of Dh1.9 billion, followed by Germany, the US and Italy at Dh1.5 billion, Dh724 million and Dh643 million respectively. (Gulf News)
