Monday, November 29, 1999

UAE`s non-oil trade increases to AED 63 bn; India top trade partner

News posted by

Abu Dhabi, May 16 (IANS/WAM) India has become the largest trade partner of United Arab Emirates which recorded non-oil foreign trade worth AED 63 billion (about $17 billion) last year.Between February 2009 and March 2010, the total volume of UAE's non-oil trade reached AED 63 billion, up 18 percent from AED 53 billion a year ago. This includes AED 40.8 billion of imports, AED 6.8 billion of exports and AED 15.4 billion of re-exports, according to statistics released by the Federal Customs Authority.India, China, USA, Japan, Germany, UK, Italy, Switzerland, France and Malaysia, respectively, topped the list of exporting counties to the UAE with a total export value of AED 24.6 billion - 60 percent- of the total import of the country.On the list of importers, the first 10 were India, Switzerland, Saudi Arabia, Oman, Kuwait, Iraq, Qatar, Pakistan, Iran and Yemen with a total value of AED 5.2 billion, which is 76 percent of the total for the same period.In the field of re-export, India came on top followed by Iran, Iraq, Bahrain, Hong Kong, Saudi Arabia, Qatar, Belgium, Switzerland and Germany with AED 10.8 billion, 70 percent of the total re-export value.In terms of volume, UAE's total foreign trade during the same period was 5.8 million tonnes, including 3.7 million tonnes of imports, 1.4 million tonnes of exports and 0.7 million tonnes of re-exports.Khalid Ali Al Bustani, Acting General Manager of the Federal Customs Authority said the release of statistics was aimed at achieving the two strategic objectives of facilitating movement of trade to and from the country, and activating cooperation with outside world.The total value of imports was up by 11 percent, from AED 36.6 billion in March 2009 to AED 40.8 billion in March 2010. The value of imports recorded an increase of 46 percent, from AED 4.6 billion to AED 6.8 billion, and re-export was up 29 percent, from AED 11.9 billion to AED 15.4 billion during the period.The total value of non-oil trade with AGCC states amounted to AED 4.7 billion. The shares of Saudi Arabia, Qatar, Oman, Bahrain and Kuwait were AED 1.8 billion, 813 million, 769 million, 800 million and 542 million, respectively.The share of the Emirate of Dubai alone amounted to AED 38.3 billion, while the shares of the Emirate of Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah and Umm Al Quwain stood at AED 9.7 billion, 3.8 billion, 288 million, 482 million, 816 million and 30 million, respectively.The Emirates of Abu Dhabi, Dubai and Sharjah represented about 82 percent of the UAE's total non-oil trade, the statistics said.

News posted by

Click here to read more news from
Please follow our blogs



No comments:

Post a Comment