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FINANCIAL NEWS
Dubai’s 2012 non-oil trade up by 13%
26 Mar 2013
(MENAFN) Crown Prince of Dubai, Shaikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, stated that the emirate’s non-oil trade climbed by 13 percent to USD336 billion last year, from USD296 billion in 2011, reported Gulf News.
Shaikh Hamdan attributed the growth to higher exports, imports and re-exports.
Dubai’s exports in 2012 soared by 47 percent, reaching USD44.36 billion, while imports rose by 12 percent to USD200.60 billion.
Furthermore, re-exports gained 5 percent from a year earlier, reaching USD90.91 billion.
The emirate’s trade through air cargo reached USD170.93 billion, whereas sea shipping stood at USD120.30 billion and land transportation reached USD44.91 billion.
It is worth noting that in 2012, direct trade accounted for nearly 65 percent of the emirate’s total non-oil foreign trade, whereas free zones contributed with 34 percent.
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