The value of Dubai’s non-oil foreign trade reached AED 339 billion in the first quarter of this year.
That’s a 7 per cent increase compared to the same period in 2018.
According to data released by Dubai Customs, exports surged 30 per cent (AED 42 billion), while re-exports grew 7 per cent (AED 106 billion) and imports went up by 4 per cent (AED 190 billion).
Air and sea trade accounted for 85 per cent of total trade, with both witnessing double-digit increases.
China remained the top trading partner during the period, followed by India and the US.
“This robust performance and marked growth of Dubai’s non-oil foreign trade is an indication that we are on the right path of revenue diversification in alignment with the values and standards outlined in the 50-Year Charter,” said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the emirate’s Executive Council.