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Sun 9 Mar 2014 04:05 PM

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Dubai's non-oil foreign trade exceeds $359bn in 2013

Crown Prince Sheikh Hamdan praises performance; says Dubai is taking 'huge leaps'

Dubai's non-oil foreign trade exceeds $359bn in 2013
(Photo for illustrative purposes only)

Dubai's non-oil foreign trade exceeded AED1.32 trillion ($359 billion) during 2013, a rise of AED94 billion on the previous year, it was announced on Sunday.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and chairman of the Dubai Executive Council, praised the performance which he said "echoes the ongoing growth of all sectors in Dubai and the UAE as a whole".

During 2013, India topped Dubai's major trade partners with a total trade volume of AED137 billion, with China second (AED135 billion) and the US (AED86 billion).

For imports, China topped the list of trading partners followed by the US and India while for re-exports, Saudi Arabia was ranked first, followed by India and Iraq.

Sheikh Hamdan added that Dubai was "taking huge leaps" in enhancing the overall performance of Dubai government sectors and boost the economic sector in particular.

He called on leaders and executives in Dubai government sectors to "leave no stone unturned" in search for fresh opportunities to further strengthen performance and "set Dubai as an international benchmark for development and prosperity".

A statement said the emirate's imports saw an increase of AED74 billion to reach AED811 billion in 2013, while exports and re-exports increased by AED20 billion to AED518 billion.

The statement added that Dubai saw a 10 percent increase in tourist numbers to 11 million, with the number of passengers travelling through Dubai International Airport rising by 15.2 percent to 66.4 million passengers.

New trade licences also recorded an increase of 12 percent last year, equal to 18,700 licences, while the total value of real estate transactions in Dubai grew by 53 percent to more than AED236 billion.

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