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Sun 8 Jan 2012 06:12 PM

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UAE's non-oil foreign trade grows by 22% in 2011

Official figures show total trade exceeds $163.3bn for January to August last year

UAE's non-oil foreign trade grows by 22% in 2011
The UAEs non-oil foreign trade grew by 22 percent in the first eight months of 2011

The UAE's non-oil foreign trade grew by 22 percent in the first eight months of 2011 compared to the same period the previous year, the country's Federal Customs Authority said on Sunday.

Preliminary FCA statistics show that non-oil foreign trade exceeded AED600bn ($163.3bn) for January to August, compared to AED492.5bn.

Imports increased by 22 percent to AED386bn while  exports grew by 40 percent to edge over AED75bn, the figures showed.

Re-exports rose by 15 percent to reach AED139bn, the statistics added.

For the month of August, total trade was valued at AED76.2bn, an increase of 14 percent on the same month in 2010.

According to the FCA, India, China, the US, Japan, Germany, South Korea, the UK, Italy, Switzerland, and France topped the list for exporters to the UAE in August.

India, Switzerland, Saudi Arabia, Iran, Kuwait, South Africa, Iraq, Thailand, Turkey, and Hong Kong spearheaded the list of importers from the UAE.

Gold, according to the FCA, topped the list of goods for both imports and exports while diamonds came first for re-exports.

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