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.
US, India unveil interim trade framework, move closer to broad pact
Aldar, Dubai Holding announce next phase of strategic partnership
Dubai regulator fines investment firm AED 1.8 million over compliance issues
UAE, US sign framework to secure critical mineral supply chains
ERC inks agreement to develop teachers housing in Fiji
