The UAE & Australia Trade
ð UAE background.
v The UAE on the map
v The UAE economy is mainly dependent on oil and natural gas. Which accounts for around 36% of gross domestic product (GDP).
v Since the early 1980s, the two main economic aims of the UAE authorities have been to reduce the dependence on hydrocarbons and to boost private sector activity.
v The GDP estimated at US$ 17650 per capital in the UAE which is one of the highest GDP in the world.
The last five years have seen
v The merchandise mix has also expanded dramatically from commodities such as meat, livestock and grain to elaborately transformed manufactures such as automobiles, technology and services.
- Major Australian exports into the UAE in 2000 were [passenger motor vehicles, non-monetary gold, live animals and fresh vegetables].
- Major Australian imports from the UAE in 2000 were [crude and refined petroleum, liquefied propane and butane, structures of iron, steel and aluminum and chocolate].