International Trade Statistics is produced by the World Trade Organization on an annual basis to provide a comprehensive overview of world trade. It includes details of merchandise trade by product and trade in commercial services by category as well as a chapter on essential concepts and the methods used to compile the statistics.
International Trade Statistics 2010 offers a comprehensive overview of the latest developments in world trade, covering the details of merchandise trade by product and trade in commercial services by category.
Each chapter is introduced by a highlights section that identifies the most salient trends in the data and illustrates them with numerous charts and maps. There is also a methodological chapter that explains essential concepts and definitions used in compiling the statistics, and an appendix with detailed data on trade by region.
International Trade Statistics 2010 serves as an invaluable reference for researchers, policy makers and anyone interested in international trade.
Click on International Trade Statistics 2010 (pdf) to read more.
Regional Head of Trade and Supply Chain,
Middle East and North Africa, HSBC Group
24 October 2010
Click on HSBC Trade Confidence Index (pdf) to read more.
In 2008/09 Doing Business reforms picked up around the world, with at least 60% of economies reforming in every region. Reformers were particularly active in 2 regions, Eastern Europe and Central Asiaand the Middle East and North Africa. Doing business is becoming easier in the Arab world. In the past year 16 economies implemented 40 reforms, 38 making it easier to do business and 2 making it more difficult. The United Arab Emirates, Egypt and Jordan were among the most active reformers. The United Arab Emirates moved up in the global rankings from 47 to 33 and became one of the world’s 10 most active reformers for the first time, with reforms in 3 areas. The country eased business start-up by abolishing the minimum capital requirement and simplifying registration. It continued to improve its online system for processing building permits, speeding up permit delivery. Trading across borders also became faster, thanks to greater capacity at the container terminal in Dubai, elimination of a required document and lower cost for trade finance products.
The link below shows the procedural requirements for domestic businesses in the United Arab Emirates to export and import a standardized cargo of goods by ocean transport. Every official procedure for exporting and importing the goods is recorded along with the time and cost necessary for completion.
The country data which is included in the document in the link below, was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2009.
Click on Trading Across Borders in the UAE to read more.
The World Trade Indicators 2009/10 is a wide-ranging database and innovative ranking tool designed to benchmark trade policy and performance. First launched by World Bank Institute in June 2008, and updated in January 2009, the database contains a broad set of trade indicators for 211 countries and territories to help policy makers, advisors and analysts identify border and behind-the-border constraints to trade integration. The database is organized around five thematic categories or pillars, namely (i) Trade Policy, (ii) External Environment, (iii) Institutional Environment, (iv) Trade Facilitation, and (v) Trade Outcome.
Amongst 211 countries, UAE’s ranking in the five thematic categories is mentioned below:
(i) Trade Policy : Rank 12
(ii) External Environment: Rank 71
(iii) Institutional Environment: Rank 33
(iv) Trade Facilitation: Rank 24
(v) Trade Outcome: Rank not available
Click on World Trade Indicators to read more.
World Bank’s - Trade At A Glance (TAAG) Tables provide a snapshot of key aspects of trade policy and performance of a country. Click on the UAE’s Trade At A Glance (TAAG) Report to read more.
The Global Enabling Trade report covers 125 economies worldwide, the report presents a resource for dialogue and provides a yardstick of the extent to which economies have in place the necessary attributes for enabling trade and where improvements are most needed. The report takes into account four key factors affecting trade; namely Trade Policy, Border Administration, Transportation and Communications, and the General Business Environment. these 4 factors further comprise of 9 pillars consisting of 56 indicators. UAE is ranked 16 globally and No. 1 in Gulf Cooperation Council (GCC) countries.
Click on the Global Enabling Trade Report 2010 to read more.
The Logistics Performance Index (LPI) is an benchmarking tool created by World Bank to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. The LPI 2010 allows for comparisons across 155 countries.
LPI measures performance along the logistics supply chain within a country and offers two different perspectives: International and Domestic. International LPI provides qualitative evaluations of a country in six areas by its trading partners - logistics professionals working outside the country. Domestic LPI provides both qualitative and quantitative assessments of a country by logistics professionals working inside it. It includes detailed information on the logistics environment, core logistics processes, institutions, and performance time and cost data. UAE is ranked 24 in the Global LPI and is ranked No 1 in Gulf Cooperation Council (GCC) countries.
Click on 2010 Logistics Performance Index to read more.
Doing Business Report 2011
Doing Business 2011 is the eighth in a series of annual reports published by IFC and the World Bank, investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 183 economies.
In the Middle East and North Africa 11 of 18 economies implemented business regulation reforms, 22 in all. Six modernized customs procedures and port infrastructure to facilitate trade and align with international standards. As per the report, The United Arab Emirates streamlined document preparation and reduced the time to trade with the launch of Dubai Customs’ comprehensive new customs system, Mirsal 2. The United Arab Emirates also enhanced access to credit by setting up a legal framework for the operation of the private credit bureau and requiring that financial institutions share credit information.
United Arab Emirates is ranked 40 in the Ease of Doing business and ranked 3 out of 183 economies in Trading Across Borders.
Click on Doing Business 2011 (pdf) to read more.