Dubai accounts for 74.55% of UAE non-oil trade

Dubai came on top in the UAE in terms of the size of non-oil external trade, with the share rising to 74.55 per cent during the first eight months of 2010.

The external trade of Dubai reached Dh48.92bn during the period, an increase of 20.49 per cent over the trade of Dh40.6bn for the corresponding period in 2009, Arabic daily Al Bayan reported quoting statistics released by the Federal Customs Authority.

The total value of non-oil external trade of the UAE during the first eight months of 2010 amounted to Dhs477.6 billion against Dhs436.4bn during the same period last year, showing a growth of 9.4 per cent.

Dubai also accounted for Dh31.19bn worth of imports, which was 76.3 per cent of total imports of the UAE. The figures for the corresponding period were Dh26.54bn, accounting for 71.27 per cent of the total imports.

Dubai’s non-oil exports rose to Dh5.53bn during the period from Dhs3.97bn, and re-exports to Dh12.2bn from Dh10.09bn.

“These figures confirm the success of the economic diversification policies pursued by the UAE in recent years in reducing the trade deficit with the outside world,” said a statement.
 
For the UAE as a whole, imports rose by three per cent to Dh311.5bn against Dh301.2bn.  Exports witnessed a growth of 38 per cent during the period to Dh53.6bn against Dh38.8bn. Re-exports grew by 17 per cent to Dh112.5bn from Dh96.4bn during the first eight months of 2009.

India was the top in terms of items of imports followed by China, the US, Germany, Japan and the UK, Italy, South Korea, Malaysia and France, in that order, together accounting for 62 per cent of total imports.

Norway, India, Switzerland and Saudi Arabia, Iran, Iraq, Qatar, Kuwait, Pakistan, Hong Kong came respectively, at the top of the ranking of countries in the field of non-oil exports of  Dh7.4bn, accounting for 82 per cent of the total value of exports.

In terms of re-exports, the ranking was India, Iran, Iraq, Bahrain, Afghanistan and Saudi Arabia, Qatar, Pakistan, Belgium and Kuwait, together accounting for Dh11.7bn, which was 75 per cent of the total.

Saudi Arabia remained the top trading partner among the GCC countries accounting for Dh1.795bn during the first eight months of 2010. Bahrain came in second with Dh904m, Oman with Dh638m, Qatar Dh631m, and Kuwait Dh592m.

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