Hong Kong-UAE trade increased grows 22 percent in 2002
Bilateral trade between Hong Kong and United Arab Emirates (UAE) increased to eight billion Emirati dirhams in 2002 from Dh6.6 billion in 2001, a robust growth of 22 percent. Exports and imports from UAE to Hong Kong grew to 37 percent and 16 percent respectively during the same period.
In the individual product categories, imports from Hong Kong to the UAE in the electronics sector totaled Dh2.1 billion, in clothing and textiles sector to Dh529 million, in watch and jewelry to Dh696 million, and in audio-visual equipment to Dh678 million in the year 2001.
The first of its kind in the Middle East, the Hong Kong Products Exhibition will start on Sunday, February 23, and run up to February 26, 2003, at Expo Center Sharjah.
Jointly organized by Hong Kong Sun Expo Ltd. and Expo Center Sharjah, the Hong Kong Products Exhibition is Hong Kong's first solo-country multi-products exhibition in the Middle East, featuring branded products in a wide range of categories.
Hong Kong's exports to other markets have also been on the rise. Placed as the world's 10th largest (6th if EU countries are regarded as one entity) trading economy, Hong Kong's exports grew from $40.7 billion in 2000 to $41.4 billion in 2001, an increase of 6.2 percent in the face of a global slowdown. — (menareport.com)
© 2003 Mena Report (www.menareport.com)