Dubai Customs has launched its new e-statistics system, which has been developed in-house to keep abreast with the technological advancements in the UAE towards embracing the Fourth Industrial Revolution (4IR).
Ahmed Mahboob Musabih, Director General of Dubai Customs, introduced the e-statistics system, in a launch ceremony held at DC headquarters in the presence of Arif Al Muhairi, Executive Director of Dubai Statistics Center, alongside senior executives and directors from Dubai Customs.
In his opening speech to the launch ceremony, Ahmed Mahboob Musabih confirmed that the new smart system is an indication of Dubai Customs’ commitment to provide value to the trade sector.
“We are applying and adopting the latest AI technologies to enhance and upgrade our services and facilities to our clients. With the new e-statistics system we can guarantee a higher quality of data provision to traders, investors, and decision makers at the government and private sectors,” Musabih said.
Musabih highlighted that Dubai Customs went above and beyond to ensure a best e-statistics system is in place because statistics are a very important indication of the performance of Dubai and UAE economy.
“Dubai Customs is aware of the importance of information for global trade and economy. Information is power and who owns information, owns the world. Good management strategies and sound decision making require timely, cost-effective and easy-to-use information,” he added.
In addition, Musabih noted that the e-statistics system is the first electronic interactive system of its kind in the country for the preparation of foreign trade statistics.
“It involves fast and automated data processing, verification and validation and generation of statistical reports. It provides accurate, transparent and integrated foreign trade data for all sorts of goods based on Harmonised System (HS code) classification.
“As a secure, single source of statistical data, the system provides interactive dashboards that empower decision makers to closely monitor the changing trends of foreign trade and therefore make informed decisions,” Musabih said.
Dubai Customs’ cutting-edge electronic systems used in collecting and analysing trade and customs statistics provides a clear picture of how our national economy is performing. The e-statistics system generates reliable and highly accurate information covering all components of Dubai’s foreign trade which accounts for around 80 percent of the UAE’s non-oil foreign trade.
Dubai’s non-oil foreign trade in 2018 reached AED 1.3 trillion, bringing the total value of foreign trade from 2000 to 2018 close to AED 15.541 trillion.
Propelled by a 30 percent surge in export value, Dubai’s foreign trade recorded seven per cent year-on-year jump to AED 339 billion in the first quarter.
