UAE non-oil trade hit record $35.1 billion
Non-oil trade in the United Arab Emirates (UAE) grew by 2.7 percent during the year 2000, according to a recently published report by the Emirates Industrial Bank, hitting a record of 129.1 billion Emirati dirhams ($35.1 billion). In 1999, the Emirates’ non-oil trade was valued at Dh 125.7 billion.
The report asserted that the value of the UAE re-exports market had also increased from Dh 22.9 billion in 1999, to Dh 24.2 billion in 2000, reflecting a 5.7 percent rise. The value of the Emirates’ non-oil re-exports equaled Dh 7.5 billion in 2000, that is a rise of 12 percent from the Dh 6.7 billion figure the previous year.
Imports to the UAE rose from Dh 96.1 billion in 1999, to Dh 97.4 billion in 2000. This 1.4 percent increase is attributed to rising domestic consumption levels, as well as to several major building and construction projects undertaken in the region. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)