In 2022, the bilateral trade between the two nations comprised imports of around 6.83 billion USD, while exports and re-exports at approximately 1.13 billion USD.
A recent study examining the trade relationship between the United Arab Emirates and France revealed a remarkable 49% growth over the past three years. The trade volume escalated from 5.32 billion USD in 2020 to 7.95 billion USD by the end of the previous year. Let’s check the nuances of the trade aspect with Brokerschart experts.
The UAE-France Bilateral Trades
Commercial transactions between the United Arab Emirates and France witnessed a 16.8% increase in 2022, amounting to roughly 8 billion USD. This figure demonstrates significant growth compared to the less than 7 billion USD recorded in 2021.
The top five commodities imported from France in 2022 were dominated by jewelry and precious metal products at 0.8 billion USD, followed by jet engines at 0.7 billion USD, perfumes at 0.57 billion USD, medicines at 0.38 billion USD, and bags at 0.35 billion USD.
Regarding re-exports, aircraft parts held the leading position with a value of 0.3 billion USD, trailed by jewelry and precious metal products worth 114 million USD, jet engines worth over 54 million USD, cars worth 39 million USD, and perfumes worth 34.6 million USD. Meanwhile, packaging bottles emerged as the primary export commodity from the UAE, valued at 23.8 million USD.
Low-Emission Economic Growth
The United Arab Emirates and France collaborate on sustainable agriculture, food production, and food and water security. These initiatives seek mutual advantages by implementing solutions that mitigate environmental impacts, address climate change, and safeguard biodiversity.
Furthermore, their cooperation endeavors to diminish carbon emissions within heavy industries. It also promotes adaptability and resilience and fosters nature-based approaches. It boosts sustainable financing while empowering civil society. This is to partake in climate action and foster scientific and research collaborations.
The partnership between the UAE and France in the realm of clean and renewable energy resulted in 6.3 gigawatts of clean, renewable energy. It involved establishing, financing, and operating various energy projects worldwide. This collaboration was accomplished through leading companies within the sector from both nations. And it has paved the way for significant advancements in the clean energy sector.
French Investors Trade Millions in Emirati Stocks
French investors have significantly bolstered their presence in the financial markets of the United Arab Emirates in recent years.
The total value of French transactions in local markets amounted to 196.5 million USD in 2022. These encompassed both buying and selling. These transactions involved 130.5 million shares traded through 5,703 deals over the year.
ADX
French trading activities in the Abu Dhabi Securities Exchange (ADX) reached a value of 104.5 million USD. And 58.3 million shares exchanged through 3,848 transactions in the past year.
French investors purchased approximately 20.76 million shares valued at more than 44.9 million USD in 1,672 transactions. This is compared to around 37.5 million shares worth 59.8 million USD traded through 2,176 transactions. French investors ranked 18th among the top 20 nationalities investing in the ADX in 2022.
DFM
In the Dubai Financial Market (DFM), French transactions, including buying and selling, amounted to around 92.2 million USD in 2022. This involved the trading of 72 million shares through 1,855 transactions.
French purchases in the Dubai market accounted for more than 41.5 million shares. These shares were worth approximately 18.5 million USD in 2019. And then again, they invested in around 12.7 million shares worth 8.1 million USD in 2020.
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