UAE non-oil trade surges 23%

The UAE's non-oil foreign trade grew 23 per cent or Dh173.3 billion in 2011 to Dh927.6bn from Dh754.4bn in 2010, official figures showed.
 
Figures released by National Bureau of Statistics (NBS) said imports surged to Dh602.8bn in 2011 from Dh485.4bn in 2010, an increase of 24.2 per cent, while exports saw a growth of 37.2 per cent from Dh83.1bn in 2010 to Dh114bn in 2011. Re-exports soared 13.4 per cent to Dh210.8bn in 2011 from Dh185.9bn in 2010.
 
In terms of imports, Asian countries emerged as top suppliers with India having the lion share of 17.1 per cent. China and US took the second and third place at 10.3 per cent 8.5 per cent respectively.
 
India came in the first place as a key market to UAE non-oil exports accounting for 33.7 per cent , followed by Switzerland (16.2 per cent) and Saudi Arabia (5.4 per cent).
 
India also remained the top market for UAE's re-exports taking 28.1 per cent of total re-export goods and commodities. Iran and Iraq came second and third at 17 per cent and 8.2 per cent respectively.

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