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FINANCIAL NEWS
Dubai foreign trade hikes to $129b
10 Jan 2011
(MENAFN) Ahmad Butti Ahmad, Director General of Dubai Customs and CEO of the Ports Maritime and Free Zone Authority, announced that the country’s foreign trade rose by nineteen percent in the period starting from January to October of 2010 and amounting to $129 billion compared to $108.8 billion in the same period of the previous year, reported Gulf News.
Ahmad added that these figures hit a first time record in Dubai’s foreign trade for the past five years. Trade volume amounted to over $15.3 billion in the first ten months of 2010, thus registering a hike of 36 percent compared to the same period in the previous year.
Ahmad also said that re-exports amounted to $32.1 billion in the same period thus exceeding the previous year’s figures with $6 billion.
It is worth noting that Dubai’s imports amounted to over $81.7 billion thus registering an increase of 14 per cent.
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