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| 21 May, 2018

UAE-UK bilateral trade hits $3.27bln in Q1

Trade deficit between both countries fell by 21% in Q1-18

Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

REUTERS/Mohammed Salem

Abu DhabiTrade exchange between the UAE and the United Kingdom fell by 22.6% to AED 12.22 billion during the first quarter of 2018, versus AED 15.78 billion in Q1-17.

Imports from the UK declined by 22% year-on-year to AED 8.36 billion in Q1-18 from AED 10.74 billion, according to data by the UK’s Office for National Statistics.

Meanwhile, exports to the UK retreated by 23% to AED 3.88 billion, compared to AED 5.05 billion in Q1-17.

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Trade deficit between both countries fell by 21% in Q1-18 to AED 4.48 billion, versus AED 4.48 billion in the year-ago period.

Source: Mubasher

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