Essay --

Statistical Interpretation of United Arab Emirates Trading PatternsI shed chosen to research the alternate patterns of United Arab Emirates because, in my view, it is one of the virtually important players in the world in terms of trade. Furthermore, trade has influenced the vivification standard in this area, such that, the standard of living in Dubai, for example, has change magnitude comparably. United Arab Emirates has mostly developed due to the petroleum and natural gas pedal exports. In the following paragraphs I will present statistics and data regarding non only oil and natural gas trading patterns, but similarly commodities. The United Arab Emirates is one of the 10 largest oil and natural gas producers in the world, and is a member of the Organization of the Petroleum export Countries (OPEC) and the Gas Exporting Countries Forum (GECF). The UAE has had a great impact on oil trade because of its natural endowments. accord to OPEC, its share of world reserves is of 8.1%. The most extensive factor of production, oil, has brought them a comparative advantage and specialization, which contributed to the countrys development.According to the data presented by Central Intelligence Agency, United Arab Emirates was ranked on the 24th place in the world in terms of list Imports and 19th place in total exports in 2012. https//www.cia.gov/library/publications/the-world-factbook/rankorder/2078rank.htmlIn the WORLD FACTBOOK it is said that the UAE has an open economy with high per capita income. In modern years, successful efforts have been made regarding economic diversification and nowadays, the GDP base on oil and natural gas output has decreased to 25%. Since the discoery of oil 30 years ago, UAE has been through important transformations and h... ...in 2012, a 38% increase since 2011. However, imports to the US from the UAE have remained approximately the same, at over $2 billion. The data can be found on the website of the US Census Bureau http//www.census.gov/foreign-trade/balance/c5200.html2010As a conclusion, I think that United Arab Emirates are focusing more and more on diversifying their exports and not depending so much on the oil ones. As far as their partners are concerned, I believe that in the future India will cut across to be the top trading partner of UAE, world followed by chinaware and Japan. China is in need of more and more oil because it has lately been ranked as the Worlds top importer of crude oil. Japan, on the other hand, continues to depend on the Middle East countries for oil imports, being the worlds third largest net oil importer. (US Energy knowledge Administration).