Abu Dhabi - MENA Herald: The UAE’s total trade in batteries in 2015 reached USD 1.42 billion, 68.6 per cent of which was direct trade while the UAE free zone market accounted for 31.4 per cent, according to the Ministry of Economy’s report on the country’s foreign trade of primary and secondary batteries.
The study was prepared by Yousef Diab, an economist at the Ministry, under the supervision of Dr. Matar Al Ali, Director of Industrial and Information Management Analysis. It presented the latest statistics and the economic impact of the UAE’s foreign battery trade.
According to the report, the volume of foreign battery trade grew by 12.9 per cent in 2015, with re-exports, exports, and imports increasing by 39.3 per cent, 7.2 per cent, and 2.3 per cent, respectively.
The total import value during the same period amounted to an estimated USD 838 million, with the free zone market accounting for 35.4 per cent to hit the USD 297-million mark. The direct import value accounted for 64.6 per cent to reach USD 541 million.
Similarly, the export value witnessed growth in 2015 at approximately USD 95 million, with the value of the free zone market reaching USD 4 million, or 2.4 per cent of the UAE’s total battery export. The national direct export was valued at USD 91 million, constituting 95.8 per cent of the total volume.
The UAE’s re-exports, meanwhile, stood at around USD 489 million in 2015, with the free zone market’s re-export accounting for 29.7 per cent of the total volume to reach USD 145.4 million. The direct re-exports of batteries amounted to USD 343.4 million, accounting for 70.3 per cent of the total market.
Overall, the value of the UAE imports of dry primary batteries in 2015 reached USD 106 million, down by 27.6 per cent from 2014’s USD 146.5 million. The total value of UAE imports of secondary batteries (car batteries) during the same year amounted to USD 435.1 million, up by 11.1 per cent from 2014’s USD 391.6 million.
The country’s national exports of dry batteries declined by 14.2 per cent to reach nearly USD 900,000 in 2015 from about USD 1 million in 2014, while the country’s national exports of car batteries grew by 4.5 per cent to reach USD 90.1 million in 2015 from USD 86.2 million in 2014.
The total value of re-exports of dry primary batteries in 2015 was at USD 30.5 million, up from USD 27.9 million in 2014 at a growth rate of 9.3 per cent, while the total value of re-exports of car batteries during the same year reached an estimated USD 313 million. The latter experienced a growth rate of 63.7 per cent compared to USD 191.2 million recorded in 2014.
The global exports of primary batteries reached a total value of USD 7.95 billion, while the total value of global exports of secondary batteries (car batteries) in 2015 recorded USD 38.43 billion, according to the International Trade Center (ITC).
The total value of global imports of primary batteries in 2015 reached an estimated USD 7.83 billion, while the total value of global imports of secondary batteries stood at around USD 36.32 billion.
The report recommended the following:
• Adopting policies for the development of the battery industry and supporting productive projects.
• Providing support to the small and medium-sized enterprises (SMEs) operating in the battery industry.
• Encouraging and supporting entrepreneurs in the industry.
• Improving the importation process involving production supplies for industry growth and higher production.
• Activating the role of the private sector in both the importation and exportation processes.
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