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January 28, 2023
Business

UAE leads the Arab world in exporting manufactured goods

It has been reported by the Arab Monetary Fund (AMF) that the UAE ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5 billion. According to the AMF’s Joint Arab Economic Report, the UAE’s manufacturing industry exports account for 43.9% of all Arab manufacturing exports, due to strong growth in re-exports.

UAE leads the Arab world in exporting manufactured goodsThere was a 33.2 percent increase in manufacturing exports in Arab countries in 2021, compared to $244 billion in 2020, as a result of the unwinding of COVID-19 restrictions. It was also reported that Saudi Arabia was second only to the UAE with approximately $69 billion and a 21.2% stake, followed by Morocco with $19.9 billion and a 6.1% stake, and Egypt with a 6.1% stake, Bahrain with 2.2%, Jordan with 2.1%, Kuwait with 2%, and Algeria with 1%.

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