Non-oil foreign trade of the UAE grew 22 percent year-on-year in the first half of 2011, new data showed on Sunday.
The country’s non-oil foreign trade increased by AED80.7bn to AED445bn, the latest figures released by the Federal Customs Authority (FCA) revealed.
The FCAs data on imports showed a 20 percent growth from AED236.5bn in H1 2010 to AED285bn in 2011 for same period.
Exports saw a 44 percent for the first half of 2011, increasing from AED36bn to AED54.7bn while re-exports grew by 17 percent, rising to AED105.3bn.
According to the FCA, India, China, the US, Germany, Japan, United Kingdom, Italy, South Korea, Saudi Arabia, and Switzerland topped the exporters list in H1 with a total value of AED175.5bn, or 62 percent of the UAE’s total imports.
For exports, India, Switzerland, Saudi Arabia, Canada, Kuwait, Iran, Singapore, Iraq and Turkey ranked highest worth AED28bn, accounting for 69 percent of the total UAE exports.
Saudi Arabia maintained its top ranking among GCC trading partners in the first half of the year with a total value of AED13.5bn, followed by Kuwait.
Gold ranked first among the UAE’s imports, followed by diamonds, cars and jewellery.
Follow us on
