How are products of China to Dubai performing?How strong are the bilateral trade ties?
In recent years, trade relations between China and Dubai have continued to deepen, particularly in non-oil trade, foreign direct investment (FDI), and regional supply chain integration. In 2023, the non-oil trade volume between China and Dubai reached $67.8 billion, representing an 83.8% increase compared to 2013. The total cumulative trade over the past decade stands at approximately $490 billion.
According to 2024 data, bilateral trade between Dubai and China continues to top the list, significantly outpacing other major partners such as India and the United States. For instance, from January to September 2024, Dubai's trade with China reached $34.5 billion, marking a 27% year-on-year increase.
Trade Scale & Growth Trends
China has long been Dubai's largest supplier of electronic products.In the first half of 2024, China exported $1.2 billion worth of electronics to Dubai, accounting for 37% of Dubai's total electronics imports.
Key categories include mobile phones, computers, and audiovisual equipment, with mobile phone exports up 8% YoY.The opening of the Dubai Yiwu Market has further expanded the regional reach of Chinese consumer electronics and daily goods.
Chinese Investment & Localization in Dubai
Surge in Direct Investment
In 2024, Chinese FDI into Dubai reached $3.42 billion, a 200% increase from 2023.The number of investment projects rose from 37 to 60, with leading sectors including:
- Automotive manufacturing (18.6%)
- Hospitality & tourism (15%)
- Logistics & transportation, which saw an 800% growth.
Platform Collaboration & Industry Clusters:
1. Dubai Yiwu Market:Serves as a Middle East hub for Chinese goods. Spans 200,000 sqm, housing over 1,500 merchants. Integrates supply chains and utilizes bonded warehouses for rapid re-export across the Middle East, Africa, and Europe.
2.Nearly 1,000 Chinese companies have set up operations in the Dubai Multi Commodities Centre (DMCC), focusing on fintech, AI, and diamond trading. DMCC has established strategic partnerships (e.g., with Beijing Digital Economy Base) to promote digital trade and blockchain adoption.
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