The total 2017 traded volume of 29.4 mn MT is the highest since 2013
DP World, UAE Region including Jebel Ali Free Zone (JAFZA) region’s top trade and logistics hub generated 29.4mn Metric Tonnes (MT) of trade, valued at $83.1 billion in 2017.
The figures contribute 23% to the total value of trade in Dubai, 70% of the value of all Dubai’s free zone trade combined and has increased 4% year on year. The total traded volume of 29.4 million MT is the highest since 2013.
“This is a proud moment for JAFZA as our free zone continues to lead Dubai’s trade sector maintaining its positions as a regional and global business and logistics hub of choice,” stated Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
Top three sectors
Over 77% of JAFZA’s total trade volume in 2017 was generated by three sectors: oil and gas; foodstuff, livestock and agricultural products; and metal, steel and construction material.
Meanwhile, 76%of the trade value was derived from five sectors: electronics and electricals, vehicle and transport, retail and general trading, oil and gas, and machinery and equipment
JAFZA’s top markets by region were the Middle East at 40%, Asia at 31% and Europe at 13%.
China remains JAFZA’s largest trade partner as Chinese firms continue to use the free zone as their regional base for exports and re-exports of goods. Saudi Arabia was the second largest trade partner, followed by USA, Vietnam and India.
