|02 April, 2020

Value of UAE non-oil trade in first half of 2019 amounts to $214bln

The value of re-exports increased in the first half of 2019

DP_World's like-for-like gross volumes in the fourth quarter of 2019 accelerated to +2.1% with growth driven by Asia Pacific and Africa. Dubai Media Office Twitter Account. Image for illustrative purposes.

DP_World's like-for-like gross volumes in the fourth quarter of 2019 accelerated to +2.1% with growth driven by Asia Pacific and Africa. Dubai Media Office Twitter Account. Image for illustrative purposes.

ABU DHABI- The total value of the UAE’s non-oil trade in the first half of 2019 increased to AED786 billion, a 3.3 percent growth compared to AED760.5 billion in the first half of 2018, according to the Federal Competitiveness and Statistics Authority, FCSA.

The FCSA’s figures also showed that all non-oil-related trade indexes in the UAE improved in the first half of 2019, led by export and re-export trade indexes.

The International Merchandise Trade Statistics is a specialised and comprehensive collection of data that provides official statistics on merchandise movements between countries and regions, and the continued interest in international merchandise trade is due to its critical role in achieving economic development. The value of re-exports increased in the first half of 2019 to AED226.2 billion, a 3 percent increase compared to AED219.8 billion in the same period of 2018.

The value of exports amounted to AED341.9 billion in the first half of 2019, a 6 percent increase compared to AED322.4 billion in the same period of 2018. The value of imports amounted to AED444 billion in the first half of 2019, a 1.4 percent increase compared to AED438 billion in the same period of 2018.

© Copyright Emirates News Agency (WAM) 2020.

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