Jun 28 2011 |
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Dubai trade grows 34%
India remains top partner with Dh63bn trade in first quarter
Nearly 11.92 million tonnes of goods were exported and re-exported during the quarter compared to 10.25 million tonnes for the same period in the previous year - an increase of 16 per cent.
Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone Corporation and Dubai Customs Director General, stated that it reflected a growing improvement in the economic movement in Dubai and promising investment opportunities in the trade activities.
Ahmed Butti said: "The growth indicators highlight an economic sustainable growth in Dubai and a clear emphasis on the productive value added sectors in boosting the GDP per capita, luxury and diversify income resources. The growth accompanied all walks related to the direct trade exchange which besides exporting included re-exporting and importing."
Ahmed Butti said imports reached Dhs112bn as against Dhs87bn, a growth of 28 per cent.
Imports crossed eight billion tonnes during the first three months of this year as against 6.8 billion tonnes for the same period of the current year.
Free zones trade increased to record more than Dhs95bn compared to Dhs78bn - an increase of 23 per cent.
India continued to top Dubai's largest trade partner with bilateral trade amounting to over Dhs63bn during the first three months of the year, a 34 per cent of the total direct trade with the world. As for Dubai's imports from India, they also amounted to Dhs30bn whereas values of re-exports from Dubai to India were estimated at Dhs22.68bn and value of goods and products exported to India stood at over Dhs10bn.
China and USA came second and third place in the list of countries exporting to Dubai with value of Dhs10.68bn and Dhs7.52bn respectively.
© Emirates 24|7 2011
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