Dubai's trade with Korea reaches $882mln in Q1 2021

Dubai Customs is working with Korean diplomatic missions for improving trade relations

  
Container ship in Jebel Ali Port, Dubai,United Arab Emirates. Image used for illustrative purpose.

Container ship in Jebel Ali Port, Dubai,United Arab Emirates. Image used for illustrative purpose.

Getty Images

Dubai's external trade with Korea reached AED3.238 billion ($882 million) in Q1 this year. Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed Mahboob Musabih, Director General of Dubai Customs said.

“Boosting cooperation with the Korean diplomatic missions is very important to us. These efforts will help in developing trade between Dubai and Korea. We received Moon Byung-iun, Consul General of the Republic of Korea and discussed with him means to augment volume and value of mutual trade," Musabih said. 

In 2020, Dubai's external trade with Korea amounted to AED13.56 billion. Imports yielded AED11.505 billion, exports and re-exports reached AED1.56 billion and AED456.917 million, respectively.

(Writing by Seban Scaria; editing by Anoop Menon) 

(seban.scaria@refinitiv.com)

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© ZAWYA 2021


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