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Sun 9 Sep 2012 05:32 PM

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Dubai's H1 EU trade volumes flat at $21bn

Trade with eastern European countries registers best growth amid continuing euro crisis

Dubai's H1 EU trade volumes flat at $21bn
(AFP/Getty Images)

The volume of Dubai's trade exchange with the European Union countries totalled AED77.2bn ($21bn) during the first six months of 2012, new official data showed on Sunday.

The total represented flat growth compared to the AED77bn registered during the same period last year as Europe continues to struggle with its financial crisis.

According to Dubai Customs' latest statistical report on foreign trade, Dubai's imports from the EU countries reached AED61.2bn while its exports to the 27-member state union reached AED3.7bn during the first six months of the year.

The value of re-exports to the EU states stood at AED12.3bn, the report revealed.

Dubai's trade exchange with eastern European countries continued to achieve record growth rates with Estonia, Bulgaria, Lithuania, Slovakia and Poland increasing of 369 percent, 332 percent, 225 percent, 77 percent and 35 percent respectively.

Dubai's basic imports from the eastern European countries included furniture, petroleum oils, tobacco, telecommunication machinery and instruments, sunflower seeds and wires.

Exports to these countries included polyethylene, cigarettes, raw aluminum, plastic, printing films, glassware, acoustic devices, and ceramics.

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