UAE’s creative goods industry on a growth curve


March 23, 2017 | By RetailME Bureau

The global export of creative goods – defined by the United Nations Conference on Trade and Development as the creation, production and distribution of goods and services that use creativity and intellectual capital as key inputs such as jewellery, advertising materials, chandeliers, bags and others – grew to approximately $538 billion in 2015, acquiring 3.3% of the world’s total export of merchandise for the same year.

The UAE ranks ninth in the global list of total recorded exports and re-exports of creative goods, valued at $16.1 billion accounting for 3% of the world’s total exports of creative goods. Meanwhile, the total value of foreign trade of creative industries was $30.7 billion in 2015, reflecting a 7% increase in the UAE’s non-oil trade activities.

The figures were revealed in a recent study issued by the Department of Industry and Trade Information Analysis at the Ministry of Economy. The report was prepared by economic researcher Ahmed Annaba and supervised by Dr Mattar Ahmad Al Ali, as part of the Ministry of Economy’s efforts to identify, analyse and disseminate essential data and information, with regards to the national economy including non-oil foreign trade.

Among the Arab countries, the UAE accounts for more than 75% of the total value of Arab exports of creative goods. According to the World Trade Centre, the value of Arab countries’ exports for 2015 is estimated to be close to $21 billion.

While calculating the contribution of creative exports and the total exports of the top 10 countries, the UAE is ranked first with a contribution of over 10% of its total non-oil exports and re-exports during 2015 surpassing Italy (8.2%), India (8%) and China (7.5%).

On the other hand, in 2015 the UAE’s imports of creative industries commodities remained geographically concentrated in India with 17.4%, followed by Malaysia at 12.3%, China 11.5%, France 10% and Italy at 8.9%. The top 10 countries account for 79% of the UAE’s total imports of creative goods.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley




Download Images RetailME Magazine