UAE, France commerce grew 17% to Dh29.5 billion in 2022
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Abu Dhabi: The commerce trade between the UAE and France grew by 16.8 per cent in 2022, reaching Dh29.44 billion, in comparison with Dh25.2 billion in 2021, in line with information from the Federal Competitiveness and Statistics Centre.
In 2022, the bilateral commerce between the 2 international locations consisted of imports valued at Dh25.2 billion, whereas exports and re-exports have been valued at roughly Dh4.2 billion.
A report on the commerce between the UAE and France confirmed that their worldwide commerce rose by 49 per cent over the previous three years, rising from Dh19.7 billion in 2020 to Dh29.4 billion on the finish of final yr.
In line with the report’s information, jewelry and valuable metallic merchandise topped the listing of the 5 main commodities imported from France in 2022, with a price of Dh2.96 billion, adopted by jet engines valued at Dh2.58 billion, perfumes at Dh2.1 billion, medicines at Dh1.4 billion, and luggage at Dh1.3 billion.
When it comes to re-exports, plane components topped the listing with a price of Dh1.1 billion, adopted by jewelry and valuable metallic merchandise value Dh421 million, jet engines value greater than Dh200 million, vehicles value Dh146 million, and perfumes value Dh128 million. In the meantime, packaging bottles have been the UAE’s main export commodity valued at Dh88 million.
Low-emission financial development
The UAE and France are additionally cooperating in sustainable agriculture, meals manufacturing, and meals and water safety to attain mutual advantages from options that mitigate environmental impacts, adapt to local weather change, and protect biodiversity.
Their cooperation additionally goals to scale back carbon emissions in heavy industries, promote adaptation and resilience, develop nature-based options and inexperienced financing, and empower civil society in local weather motion and scientific and analysis collaborations.
The partnership between the UAE and France within the clear and renewable power sector has led to the event, financing and operation of over 6.2 gigawatts of fresh and renewable power initiatives around the globe by means of main corporations within the sector from each international locations.
Picture Credit score: WAM
French traders commerce thousands and thousands in Emirati shares
French traders have strengthened their investments within the UAE monetary markets over the previous years. The worth of French trades, each shopping for and promoting, in native markets in 2022 totalled Dh726.2 million unfold throughout 130.5 million shares traded by means of 5,703 offers in 2022.
ADX
French buying and selling, each shopping for and promoting, within the Abu Dhabi Securities Change (ADX) reached a price of Dh386.4 million, executed by means of 3,848 transactions involving greater than 58.3 million shares over the previous yr.
Previously yr, French traders bought round 20.76 million shares valued at greater than Dh165.8 million by means of 1,672 transactions, in comparison with some 37.5 million shares value Dh220.5 million executed by means of 2,176 transactions.
The French are among the many prime 20 nationalities who invested within the ADX, rating 18th in 2022.
DFM
Within the Dubai Monetary Market (DFM), French trades, each shopping for and promoting, in 2022 reached a price of round Dh340 million by means of 72 million shares traded over 1,855 transactions.
French purchases within the Dubai market have been over 41.5 million shares value some Dh68.2 million in 2019, and round 12.7 million shares value Dh29.7 million in 2020.
