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)
This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021