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Dubai has recorded AED551 billion ($150 billion) worth of non-oil external trade in the first half of 2020, according to data revealed by Dubai Customs.
Imports accounted for 320 billion dirhams, exports for 77 billion dirhams, and re-exports for 154 billion dirhams. A total volume of 44 million tonnes of goods were traded through Dubai in H1 including 30 million tonnes of imports, 8 million tonnes of exports and 6 million tonnes of re-exports, Dubai Customs said.
According to Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation, the emirate’s external trade sector is capable of overcoming the strong headwinds facing global trade thanks to the depth, resilience, diversity and flexibility of the Dubai economy.
“External trade is one of the key pillars of our economy. We are today reaping the fruits of the vision of our country’s founding leaders and our strong strategic planning, backed by decades of hard work in creating a robust trading and logistics infrastructure. Dubai’s external trade sector has shown a high level of preparedness in dealing with the crisis. It has provided exceptional trading facilities and services to help businesses around the world overcome the challenges of the current period,” he said.
Ahmed Mahboob Musabih, Director General of Dubai Customs, said: “Despite the crisis, customs transactions processed by Dubai Customs surged 41 percent in H1 2020 to reach 7.2 million transactions. Dubai Customs continued to develop and launch new initiatives. These included Siyaj (Fence), the first integrated 24/7 control system in the world created to manage Dubai’s different ports, especially Creek Port and Hamriya Port.”
“Dubai Customs also launched the Cross Border e-Commerce Platform to encourage e-commerce companies to set up their businesses in Dubai,” he said.
(Writing by Seban Scaria; editing by Anoop Menon)
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© ZAWYA 2020
