Global Arab Network | UAE: Dubai trade reaches $ 62.07 billion with 16% growth in first 5 months

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UAE: Dubai trade reaches $ 62.07 billion with 16% growth in first 5 months

Global Arab Network - - Mohammed Almasri

Sunday, 18 July 2010 18:05

UAE (Dubai) - The statistics produced by Dubai Customs last May showed a growth of 16% in non-oil trade between Dubai and outside world amounting $ 62.07 billion (AED 228.2 billion) during the first 5 months of the current year as compared to AED 197 billion in the same period last year.

The data issued by the Statistics department at Dubai Customs indicated a rise in the value of Dubai exports by almost 12% reaching AED 145.6 billion over the first 5 months this year against AED 130.6 billion in the same period last year.

The direct export operations recorded the highest figure over the past 5 years reaching AED 26.7 billion representing 43% increase in the export volume as compared to AED 18.7 billion in the same period last year.

The great increase in Dubai exports over the first 5 months this year demonstrate the emirate's ability to overcome the impacts of world economic downturn, which surcharged a number of economies worldwide as well as being adaptive to foreign market requirements and entering frequently to such markets with high confidence and competitiveness.

In particular, the total weight of goods being directly exported increased by 25% as compared to the same period last year.

According to the same statistics, the re-export activity recorded a growth exceeded 17% in terms of value reaching AED 47.6 billion over the first 5 months last year.

The increase in the weight of the re-exported goods as compared to last year was estimated at 12% reflecting the rising rhythm of re-exportation activity in value and quantity alike.

Global Arab Network

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