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FINANCIAL NEWS
Dubai posts 14% jump in external trade
21 Jun 2010
(MENAFN) A report issued by the Statistics Department of Dubai Customs showed that the value of Dubai trade has seen a significant growth of 14 percent in the first four months of 2010 as compared to the same period in 2009, Khaleej Times reported.
The rise in all key trade activities including exports, imports and re-exports hit $49 billion from January to April 2010 as compared to $43.3 billion.
According to the report, Dubai?s trade exchange maintained a significant growth rate of 16.7 percent for the past five years; and that is a positive indicator for the upcoming periods.
Meanwhile, the compound imports value increased by 9 percent in the first four months of 2010 standing at $31.5 billion as apposed to $28.7 billion over the same period in 2009.
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