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Sun 23 Dec 2007 12:46 AM

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India second export market for Dubai

Market accounts for 11% of emirate's exports, according to chamber of commerce report.

India is the second top export market for Dubai, accounting for 11% of the emirate’s total exports, according to a report by the Dubai Chamber of Commerce and Industry (DCCI).

Iran tops the list, with a share of AED 94.3 billion, or 15.2% of total exports, which reached AED621 billion, the report said.

India follows with a share worth AED68.3 billion, with Saudi Arabia in third place, registering a 5.7% share at AED35.4 billion.

India’s average annual growth was 71%, compared to Iran’s 21.3% and Saudi Arabia’s 12%.

“Although export performance in traditional niche markets remained positive, increasingly positive performance scores in other markets are shown to be due to content diversification” DCCI said.

India is the sixth largest exporter to Dubai, after Japan, the US, Germany, China and the UK.

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