Dubai's foodstuff trade has increased by 23.18 per cent in 2007 to reach Dh29.243 billion ($7.96 billion) compared to 2006.
The figures released by the Statistics Department of Dubai World show that foodstuff imports are still forming the larger part of this trade (69.55 per cent of the total trade volume) while exports were at 15.80 per cent and re-exports at 14.64 per cent.
Naseem Al Muhairi, Acting Manager of the Statistics Department-Dubai World, said: "The trade of foodstuff and consumer items in Dubai has grown steadily over the past five years. We have noticed through our periodical statistical monitoring of the trade movement that demand has increased as a natural result of population growth coupled with the economic boom and the development in construction and tourism activities, as well as the increase in investments in tourism sector."
The volume of foodstuff trade has increased by Dh5.5 billion to reach Dh29.243 billion in 2007 compared to 23.740 in 2006. Imports had the biggest share (Dh20.339 billion at 69.5 per cent) of the total trade volume, while exports were around Dh4.621 billion (Dh4. 2 billion in 2006) and re-exports Dh4.282 billion (Dh3.661 billion in 2006).
India remained Dubai's top foodstuff trading partner with a total trade of Dh3.734 billion in 2007 (Dh2.203 billion in 2006). Iran was in the second place with 2.157 billion in 2007 (Dh2.039 billion in 2006). Brazil, USA, Pakistan, UK, Iraq, the Netherlands and Australia were the other major trading partners.
The figures released by the Statistics Department of Dubai World show that foodstuff imports are still forming the larger part of this trade (69.55 per cent of the total trade volume) while exports were at 15.80 per cent and re-exports at 14.64 per cent.
Naseem Al Muhairi, Acting Manager of the Statistics Department-Dubai World, said: "The trade of foodstuff and consumer items in Dubai has grown steadily over the past five years. We have noticed through our periodical statistical monitoring of the trade movement that demand has increased as a natural result of population growth coupled with the economic boom and the development in construction and tourism activities, as well as the increase in investments in tourism sector."
The volume of foodstuff trade has increased by Dh5.5 billion to reach Dh29.243 billion in 2007 compared to 23.740 in 2006. Imports had the biggest share (Dh20.339 billion at 69.5 per cent) of the total trade volume, while exports were around Dh4.621 billion (Dh4. 2 billion in 2006) and re-exports Dh4.282 billion (Dh3.661 billion in 2006).
India remained Dubai's top foodstuff trading partner with a total trade of Dh3.734 billion in 2007 (Dh2.203 billion in 2006). Iran was in the second place with 2.157 billion in 2007 (Dh2.039 billion in 2006). Brazil, USA, Pakistan, UK, Iraq, the Netherlands and Australia were the other major trading partners.
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