Economy of UAE (2017)
|
GPD (billion USD, real, ppp)
|
572,7
|
Inflation rate (%)
|
1,73
|
|
GDP growth rate (%)
|
2,0
|
Unemployment rate (%) (as of 2013)
|
2,4
|
|
Population (million)
|
9,4
|
Export
|
320,7
|
|
GDP per capita (USD, ppp)
|
60.296
|
Import
|
239,9
|
|
|
|
|
|
Source: Economist Intelligence Unit, UAE Federal Statistics and
Competitiveness Authority
Main export partners:
Japan, India, PRC, Switzerland, South Korea, Singapore, Saudi Arabia
Main import partners:
PRC, India, USA, Germany, United Kingdom, Türkiye
Main export items:
Crude oil, hydrocarbon products, jewellery, metal items, plastics,
electrical and electronic equipment, machinery and motor vehicles.
Main import items:
Gold (unprocessed/semi-processed), precious stones/jewellery, machinery,
electrical and electronic equipment, air vehicles, motor vehicles and their
spare parts, petroleum products, plastics, garment, iron and steel.
Bilateral Trade and Economic Relations
(in billion USD):
|
|
|
|
|
2015
|
2016
|
2017
|
2018
|
|
Export
|
4,680
|
5,406
|
9,184
|
3,14
|
|
Import
|
2,010
|
3,701
|
5,669
|
3,78
|
|
Volume
|
6,690
|
9,107
|
14,853
|
6,92
|
|
Balance
|
2,670
|
1,705
|
3,515
|
-0,64
|
|
|
|
|
|
Source: TurkStat
Türkiye’s main export items to the UAE:
Precious stones/metals, components and parts of air vehicles, petroleum
products, machinery and electrical devices, iron and steel
Türkiye’s main import items from the UAE:
Gold, aluminium, jewellery, petroleum oils, chemicals, iron
Bilateral cooperation Mechanisms
Joint Economic Commission (JEC) Meetings:
The 9th Session of the JEC was held on 6-7 February 2017
in Ankara, Türkiye.
Türkiye-UAE Business Council:
Türkiye-UAE Business Council was established
in 2000.
The last meeting attended by Türkiye-UAE Business Council Executive
Committee members was organized by the Dubai Chamber of Commerce and
Industry in Dubai on 7-9 May 2017.