16 March 2017
Dubai’s direct trade stood at 830 billion dirhams ($225 billion) in 2016, according to new figures published on Thursday.
In percentage terms, direct trade stood at 65 percent of total trade, with free zones providing 32 percent, and customs warehousing for 3 percent.
Air cargo accounted for 46 percent of trade by value, with sea freight accounting for 35 percent and inland trade 18 percent. (Read more here)
In terms of the biggest sectors:
- Mobile phones and communication devices topped the list with 167 billion dirhams (13.1 percent)
- Gold was second, with 156 billion dirhams (12 percent)
- Diamonds brought in 97 billion dirhams (7.6 percent)
- Jewellery traded 63 billion dirhams (4.9 percent).
- Cars came in fifth with 60 billion dirhams (4.7 percent).
On Wednesday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of Dubai Executive Council, announced that Dubai's non-oil foreign trade in 2016 reached 1.276 trillion dirhams ($347.4 billion) despite the global slowdown.
Sheikh Hamdan pointed out that the value of Dubai’s external trade rose 70 percent from 754 billion dirhams in 2009 to 1.276 trillion dirhams in 2016. (Read more here)
China maintained its position as Dubai's leading trading partner with 13 percent of total trade, with India second (7.4 percent) and the United States third (6.7 percent).
© Express 2017
Dubai’s direct trade stood at 830 billion dirhams ($225 billion) in 2016, according to new figures published on Thursday.
In percentage terms, direct trade stood at 65 percent of total trade, with free zones providing 32 percent, and customs warehousing for 3 percent.
Air cargo accounted for 46 percent of trade by value, with sea freight accounting for 35 percent and inland trade 18 percent. (Read more here)
In terms of the biggest sectors:
- Mobile phones and communication devices topped the list with 167 billion dirhams (13.1 percent)
- Gold was second, with 156 billion dirhams (12 percent)
- Diamonds brought in 97 billion dirhams (7.6 percent)
- Jewellery traded 63 billion dirhams (4.9 percent).
- Cars came in fifth with 60 billion dirhams (4.7 percent).
On Wednesday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of Dubai Executive Council, announced that Dubai's non-oil foreign trade in 2016 reached 1.276 trillion dirhams ($347.4 billion) despite the global slowdown.
Sheikh Hamdan pointed out that the value of Dubai’s external trade rose 70 percent from 754 billion dirhams in 2009 to 1.276 trillion dirhams in 2016. (Read more here)
China maintained its position as Dubai's leading trading partner with 13 percent of total trade, with India second (7.4 percent) and the United States third (6.7 percent).
© Express 2017
