UAE is the top exporter of manufactured goods in the Arab world. Because the re-export market is growing so quickly, 43.9% of all Arab manufacturing exports come from the UAE.
Since the UAE imports and exports more than $175 billion and $145 billion each year, now is the perfect time to start an import-export business in Dubai. The Arab Monetary Fund (AMF) says that the UAE will have the highest value of manufactured exports in the Arab world in 2021, with a total value of $142.5 billion.
According to the AMF’s Joint Arab Economic Report, the UAE’s manufacturing exports make up 43.9% of all manufactured exports from the Arab world. This is because re-exports have grown a lot.
Top 4 Import-Export Businesses in Dubai (2023)
There are many reasons to start a business in Dubai in 2023. The best import-export business opportunities involve the export of artwork, cars and auto parts, electrical products and components, precious metals and jewelry, and many other things.
Putting money into the business of importing and exporting helps to keep the economy stable. If your import-export business is just starting out, get a Dubai import-export business license and keep an eye out for opportunities that may come up because of things like infrastructure and tax laws that are easy to understand.
Art & Craft
Do not be afraid to look into art exports in Dubai if you think that making art or just appreciating it could be a great business. Because it likes to live at a higher level, the Emirate is classy and open to the strange.
Because of this, adopting international art trade could bring in a lot of money. Even though there is a tax on fine art, there is a good chance that sales will go up because so many people want expensive and beautiful things.
Automobile
With infrastructure and technology that are ready for the future, the automotive industry in Dubai is a key driver of growth, and collaboration and new ideas in this field never fail to amaze. All kinds of cars are brought into and out of the country because of this industry.
Targeting market segments that are mostly made up of elites could lead to a lot of sales, since well-known car brands like Rolls-Royce and Lamborghini are often sold in these areas. Dubai’s businesses that import and export are used to filling certain needs.
If trading in cars doesn’t sound like a good way to make money, exporting and importing tools and auto parts could help the car lovers in the Emirate.
Electronics
Fuses, key nuts, power wires, capacitors, computer accessories, and all kinds of keypads can be traded in large quantities because technology is always in demand. Even though Dubai is a thriving tech hub, selling electronic equipment like cookware, ovens, smart watches, smartphones, and other tech-driven gadgets could create a lot of opportunities for regional growth.
Precious Metals
Dubai’s precious metal lining, which is made of gold, silver, and copper, is the main reason why its export business is growing. Metal, gem, and precious stone jewelry is popular all over the world. Because of this, it can be helpful to look at developing markets.
Companies should work to build loyalty among their distributors, wholesalers, and clients to get them to do business with them again and take advantage of the import-export business opportunities in Dubai.
Start an Import/Export Business in Dubai Now!
Since the United Arab Emirates is home to two of the busiest airports and seaports in the world, it is clear that this is one of the best ways to make money. Use one of the above ways to start an import-export business in Dubai.
You can trade with people all over the world through us, and setting up your dream business is easy with the help of top company formation specialists like MIALLP. Get a free consultation today to talk more about Setting up a New Business in Dubai.