Dubai’s non-oil foreign trade surges 46 per cent to $58 billion
Dubai’s non-oil foreign trade volume, including free zones and customs warehouses, jumped 46 per cent in the first quarter of 2008, reaching $58.3 billion, against $39.9 billion registered during the same period in 2007.
During the period under review, Dubai’s exports recorded a phenomenal growth, soaring by 79 per cent, while re-exports went up by 73.5 per cent and imports grew by 49.7 per cent.
The latest statistics, compiled and released by Dubai World’s statistics department, show that Dubai's direct non-oil foreign trade, excluding free zones and customs warehouses, amounted to $39.2 billion during the first quarter of 2008, against $24.9 billion for the same period in 2007, showing an increase of $14.2 billion.
Sultan Ahmed Bin Sulayem, chairman of Dubai World, said: “The growth is fuelled by the government’s relentless efforts to upgrade the existing modern infrastructure of ports, airports and land transportation network.
India topped the list of Dubai’s direct import destination in the first quarter of 2008 with a share of 13.14 per cent of imports. India, China and Switzerland together accounted for 31.8 per cent of Dubai’s total imports, while imports from other countries accounted for 68.2 per cent.
As for Dubai’s exports, India again topped the list with 45.7 per cent, of the total exports, followed by Switzerland, with 13.5 percent of direct exports, and Jebel Ali Free Zone, with 3.68 per cent, while exports to other countries amounted to 37 per cent.
During the period under review, Dubai’s exports recorded a phenomenal growth, soaring by 79 per cent, while re-exports went up by 73.5 per cent and imports grew by 49.7 per cent.
The latest statistics, compiled and released by Dubai World’s statistics department, show that Dubai's direct non-oil foreign trade, excluding free zones and customs warehouses, amounted to $39.2 billion during the first quarter of 2008, against $24.9 billion for the same period in 2007, showing an increase of $14.2 billion.
Sultan Ahmed Bin Sulayem, chairman of Dubai World, said: “The growth is fuelled by the government’s relentless efforts to upgrade the existing modern infrastructure of ports, airports and land transportation network.
India topped the list of Dubai’s direct import destination in the first quarter of 2008 with a share of 13.14 per cent of imports. India, China and Switzerland together accounted for 31.8 per cent of Dubai’s total imports, while imports from other countries accounted for 68.2 per cent.
As for Dubai’s exports, India again topped the list with 45.7 per cent, of the total exports, followed by Switzerland, with 13.5 percent of direct exports, and Jebel Ali Free Zone, with 3.68 per cent, while exports to other countries amounted to 37 per cent.
/CPI Financial/
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