India is top export destination for Dubai for second consecutive year

24/02/2010 - Dubai Investment News
India is top export destination for Dubai for second consecutive year
Posted by Neil King

India has been named as the top export market for Dubai for the second consecutive year.

Research shows that India currently has a share of 40.6 per cent of all of the emirate's exports, Press Trust of India reported.

Switzerland is Dubai's second largest export market with a 16.6 per cent share while Saudi Arabia is third, followed by Pakistan and Iran.

According to the news provider, the most significant product that Dubai exports to such countries is gold, which also finds its largest market in India.
In addition, the Press Trust of India found that Dubai's non-oil direct exports to India grew at an average rate of 23 per cent in 2009 compared with 2008.

Last week (February 14th-18th), the value of shares bought on the Dubai Financial Market by foreign investors amounted to almost half of the total value of stocks traded during the period.
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