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The UAE is the world’s 20th biggest exporter in merchandise trade, one place behind growing power global powerhouse India in 19th position, according to a report released by the World Trade Organisation (WTO) Secretariat
With exports of US$297bn, the UAE accounted for 1.6 per cent of the world’s exports, which stood at US$18.215bn of merchandise trade in 2011.
The UAE is, according to the WTO, ahead of Australia, Brazil, Switzerland and Sweden in terms of its export strength.
The figures were released during an announcement on the consumer goods show the International Autumn Trade Fair (IATF), which will take place at the Dubai International Convention and Exhibition Centre in December 2012.
Satish Khanna, general manager of IATF-organiser Al Fajer Information and Services, commented, "The same report says that the UAE is the world’s 25th importer in merchandise trade, having imported merchandise worth US$205bn in 2011, 1.1 per cent of the world’s imports of US$18.380bn.
"The USA tops the list of importers with US$2.265bn of imports in 2011, but the UAE was ahead of countries such as Austria, Malaysia and Sweden in import value, which speaks volumes on the leading position of the country in the global trade in both imports and exports."
IATF 2012 will feature 400 exhibitors from 20 countries and will occupy 8,000 square meters of space.
"Ever since its debut, IATF has grown as a significant exhibition brand in our portfolio serving the niche sector of consumer goods," said Khanna. "Over the last couple of years, the show has become more attractive to global consumer goods companies with the rise in spending power of the region, particularly the GCC."
Among the products on display at the 2012 edition of the show, will be cosmetics, foodstuffs, electronics, household appliances, toys, stationery, electrical items, textiles and machine tools.