By Staff writer
Dubai's trade with the world reached $277 billion in first nine months of 2019
Dubai’s non-oil foreign trade increased 22 percent year-on-year during the first nine months of 2019, from 68 million tonnes to 83m, according to Dubai Customs.
The customs authority also revealed that the volume of re-exports jumped 48 percent to 13m tonnes, while exports rose by 47 percent (14m tonnes) and imports grew by 13 percent (56m)
Director-general of Dubai Customs, Ahmed Mahboob Musabih, said: “Dubai trade with the world crossed the trillion mark growing by six percent to reach AED1.019 trillion ($277 billion) in the first nine months of 2019 from AED966bn ($263bn) in the same period in 2018.”
Exports rose by 23 percent to AED118bn ($32bn), re-exports grew by four percent to AED312bn ($85bn), and imports were up three percent at AED589bn ($160bn).
Dubai’s foreign trade out of free zones accounted for AED439bn ($119.5bn), an 11 percent increase year-on-year. Direct trade achieved two percent growth at AED574bn ($156bn). Customs warehouse trade hit AED6bn ($1.6bn), land borders trade grew by 11 percent contributing AED169bn ($46bn), maritime and ports trade increased by five percent to AED381bn ($103.7bn), and air cargo trade rose by four percent, accounting for AED469bn ($127.7bn).
Inspection officers from Dubai Customs made 3,807 confiscations throughout 2019. Smuggling attempts included a major haul that weighed 251.2kg of crystal meth and 6.4kg of heroin, with an estimated market value of AED25m ($6.8m).
Musabih revealed that, over the nine-month period, the customs authority also registered 53 intellectual property cases with a market value of around AED11m ($3m).