ID :
35544
Sun, 12/14/2008 - 12:39
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http://m.oananews.org//node/35544
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Dubai's non-oil trade grows by 44.5% to Dh705 billion in January-September 2008
Dubai, Dec 14, 2008 (WAM) - Dubai's non-oil foreign trade, including trade via free zones and customs warehouses, surged by 44.5 per cent during the first nine months of 2008 ending in September, compared to the corresponding period in 2007, the latest report by Dubai World's Statistics Department revealed.
According to the report, Dubai's direct foreign trade recorded a growth by 51.2 per cent, with a corresponding rise of 33.4 per cent in the trade activity through other channels such as free zones and customs warehouses.
Saeed Al Qaizi, Director of Procurement, Contracts and Statistics, Dubai World, said: "Dubai's non-oil foreign trade during the first nine months of 2008 recorded a massive jump of 217.5 billion dirhams (around US$ 59 billion), to reach Dh705 billion (around US$ 192 billion), compared to Dh488.5 (US$ 133 billion) last year during the same period." "Direct trade during the January-September rose from Dh304.4 billion in 2007 to Dh460.3 billion in 2008. Imports jumped 52 per cent, rising from Dh215 billion to Dh326.6 billion. Re-exports registered a remarkable rise from Dh70 billion to Dh101.3 billion, while exports increased from Dh19.4 billion to Dh32.2 billion," he added.
Al Qaizi pointed out that non-oil trade through the free zones and customs warehouses rose from Dh184.1 billion during the first nine months of 2007 to Dh245.6 billion in the corresponding period in 2008, which amounts to a growth rate of 33.4 per cent. Imports recorded a growth rate of 35.6 per cent, rising from Dh113 billion to Dh153.3 billion. Export increased by 30 per cent, rising from Dh71 billion to reach Dh92.2 billion.
Nassim Al Mehairi, Acting Manager of Statistics Department, said: "China topped the list of Dubai's main trading partners during the period in import, occupying the first place with Dh40.5 billion. India came second with Dh37.2 billion followed by the US with Dh24.9 billion." "India and Iran were the biggest re-export trading partners, accounting for Dh 29.3 billion and Dh15.2 billion respectively. Iraq was in the third place with Dh6.4 billion. In exports also India came first, accounting for Dh13 billion. Switzerland was second with Dh2.2 billion and Egypt came third with Dh1.4 billion," she added.
Al Mehairi noted that China topped the list of Dubai's trading partners in non-oil foreign trade through free zones and customs warehouses, with Dh28 billion, followed by India with Dh15 billion and the US with Dh12.5 billion.
"In exports through the free zones and customs warehouses, Iran topped the list with Dh13.7 billion, followed by India with Dh10.5 billion and the Kingdom of Saudi Arabia with Dh9.8 billion," she said.
According to the report, Dubai's direct foreign trade recorded a growth by 51.2 per cent, with a corresponding rise of 33.4 per cent in the trade activity through other channels such as free zones and customs warehouses.
Saeed Al Qaizi, Director of Procurement, Contracts and Statistics, Dubai World, said: "Dubai's non-oil foreign trade during the first nine months of 2008 recorded a massive jump of 217.5 billion dirhams (around US$ 59 billion), to reach Dh705 billion (around US$ 192 billion), compared to Dh488.5 (US$ 133 billion) last year during the same period." "Direct trade during the January-September rose from Dh304.4 billion in 2007 to Dh460.3 billion in 2008. Imports jumped 52 per cent, rising from Dh215 billion to Dh326.6 billion. Re-exports registered a remarkable rise from Dh70 billion to Dh101.3 billion, while exports increased from Dh19.4 billion to Dh32.2 billion," he added.
Al Qaizi pointed out that non-oil trade through the free zones and customs warehouses rose from Dh184.1 billion during the first nine months of 2007 to Dh245.6 billion in the corresponding period in 2008, which amounts to a growth rate of 33.4 per cent. Imports recorded a growth rate of 35.6 per cent, rising from Dh113 billion to Dh153.3 billion. Export increased by 30 per cent, rising from Dh71 billion to reach Dh92.2 billion.
Nassim Al Mehairi, Acting Manager of Statistics Department, said: "China topped the list of Dubai's main trading partners during the period in import, occupying the first place with Dh40.5 billion. India came second with Dh37.2 billion followed by the US with Dh24.9 billion." "India and Iran were the biggest re-export trading partners, accounting for Dh 29.3 billion and Dh15.2 billion respectively. Iraq was in the third place with Dh6.4 billion. In exports also India came first, accounting for Dh13 billion. Switzerland was second with Dh2.2 billion and Egypt came third with Dh1.4 billion," she added.
Al Mehairi noted that China topped the list of Dubai's trading partners in non-oil foreign trade through free zones and customs warehouses, with Dh28 billion, followed by India with Dh15 billion and the US with Dh12.5 billion.
"In exports through the free zones and customs warehouses, Iran topped the list with Dh13.7 billion, followed by India with Dh10.5 billion and the Kingdom of Saudi Arabia with Dh9.8 billion," she said.
