UAE imports to Ph keeping trade ties afloat
Staff Report Published: February 16, 2017
Imports from the UAE to the Philippines have been keeping merchandize trade ties
between the two countries afloat in the past years, according to data from the Philippine
Consulate General’s Trade and Investment Center.
Merchandise trade between the Philippines and UAE peaked in 2012 at $2.16 billion, of
which $1.94 million was in UAE imports, the bulk being petroleum products; while $220
million was in Philippine exports.
In 2011, UAE imports totaled $1.73 billion a sizeable bulk of the $1.95 billion trade for that
Merchandise trade declined in 2013 at $1.37 billion, further down to $1.21 billion in 2014
and $834 million in 2015, the data showed.
But while this was so, direct foreign investments from the UAE to the Philippines havge
steadily increased from $.46 million in 2008 to $1.66 million during the January to October
period in 2016.
There are three business projects in the Philippines with UAE equity as of November last
year; moreover, there are five UAE companies operating in the country, among them
Emirates Airlines, Etihad Airways, Dnata Wings Aviation, which provide airport ground
handling services; and DP World, which provides port operational services.