UAE non-oil foreign trade up
Recent data published by the UAE's Federal Customs Authority has indicated a continued growth of foreign trade in non-oil products until October. This trade recorded a rise of 11.5% during the first ten months of 2010 compared with the same period in 2009.
The data indicated a rise in the total value of non-oil foreign trade during that period from Dh 543.2 billion (US$148 billion) in the first ten months of 2009 to Dh605.4 billion (some US$65 billion) in the same period of 2010, up Dh62 billion.
The Authority said in a statement that up to October 2010 total imports rose by 5.5% from Dh371.5 billion (US$101.5 billion) at end of October 2009 to Dh391.8 billion (US$107 billion) at the end of last October. Meanwhile, exports rose by 37.4% during the comparable period. The total volume of non-oil trade of the UAE during October 2010 grew by 14% compared with the same month of 2009.