Posted by Neil King
Dubai had a massive 74.55 per cent share of the UAE's non-oil external trade during the first eight months of 2010, it has been reported.
According to Arabic daily Al Bayan, data released by the Federal Customs Authority also showed that Dubai accounted for 76.3 per cent of total imports into the UAE during the period.
The figures reportedly showed that the total value of non-oil external trade from the UAE during the first eight months of 2010 amounted to AED 477.6 billion - a 9.4 per cent increase on the AED 436.4 billion recorded during the same period last year.
Meanwhile, Emirates Business 24/7 noted that Saudi Arabia remained the UAE's top trading partner among the GCC countries, accounting for AED 1.795 billion while Bahrain was second with AED 904 million.
Earlier this week, the Dubai Chamber of Commerce & Industry also reported that the total exports and re-exports of its members hit AED 19.3 billion in October 2010 - a 21 per cent increase on the same month last year.