Dubai direct exports with the external world rises 14% by end of April 2010
Dubai’s direct exports grew an average rate of 14% in terms of value during the first four months of this year 2010 reaching AED 180.7 billion as compared to AED 159.1 billion in the same period last year 2009.
Statistics issued by the Statistics Department at Dubai Customs revealed a rising growth rate of all key trade activities including exports, imports and re-exports from January to April 2010.
Dubai trade exchange maintained a significant growth rate of 16.7% for the past five years which is considered a positive indicator for the upcoming periods.
Statistics issued by the Statistics Department at Dubai Customs show that the compound imports value increased by 9% during the first four months in 2010 reaching AED 115.6 billion as apposed to AED 105.6 billion of the same period in 2009. H.E. Ahmed Butti pointed out that India had the biggest share of the imports of AED 17.1 billion, that is 14.8% of Dubai compound imports. China came second place with a value of AED 10.1 billion and was followed by the USA with a share of AED 7.8 billion.
As for Dubai direct exports, they also recorded a high value during the first four months of 2010 as compared to the same period of 2009. Exports accounted for AED 20.4 billion with 36% increase as compared to AED 15 billion exports value of the same period in 2009.
India, Switzerland and Saudi Arabia topped the list of exported-to countries. India alone had over 40% of the total exports in Dubai with a value of AED 8.2 billion whereas exports to Switzerland reached AED 913.7 million and AED 650 million to Saudi Arabia.
Figures exhibited as well a growth rate in the re-exporting process with 16% and a share of AED 44.6 billion during the first four months of this year as compared to AED 38.4 billion in the first four months of 2009. India again as well as Iran and Iraq topped the Dubai re-export countries list with percentages of 25.4%, 12.7% and 4.3% respectively.
- Dubai Customs unveils increase in Dubai foreign trade to AED 228 billion in 5 months
- Total value of trade crosses AED 21 billion
- Dubai exports registered AED 57 billion in the 3rd quarter of 2008
- Dubai-Korea non-oil trade reaches AED 6.8 Billion in 2006(press release)
- Dubai’s electronic goods trade amounts Dhs18.8 billion during 1st half of 2008