Dubai's direct exports rise 14%

22/06/2010 - Dubai Investment News
Dubai's direct exports rise 14%

Posted by Bob Brunskill

The value of Dubai's direct exports grew at an average rate of 14 per cent during the first four months of this year, Dubai Customs has reported.

New figures from the authority show that the emirate's exports totalled AED 180.7 billion between January and April 2010, up from AED 159.1 billion in the same period last year.

It was also revealed that Dubai's trade exchange maintained a significant growth rate of 16.7 per cent over the past five years. Dubai Customs claimed this was a positive indicator for future years.

India had the biggest share of Dubai's imports with 14.8 per cent, followed by China and the US.

In addition, India, Switzerland and Saudi Arabia topped the list of exported-to countries, with India accounting for over 40 per cent of the total exports from Dubai.

Meanwhile, it was reported recently that Singapore recorded a 39 per cent year-on-year increase in its imports from the UAE during the first quarter of 2010.ADNFCR-2019-ID-19852258-ADNFCR