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FINANCIAL NEWS
Dubai’s foreign trade grows 22% in 2011
19 Apr 2012
(MENAFN) An official report showed that Dubai’s foreign trade rose 22 percent to USD299 billion record last year, from USD 245.5 billion in 2010, Arabian Business reported.
According to Dubai Customs, imports increased by 21 percent to 120.3 billion in 2011, while exports hiked 44 percent to USD26.67 billion. Re-export trade grew 18 percent to USD43.8 billion.
India topped Dubai’s trade partners with 19 percent of the Gulf emirate’s total foreign trade amounting to USD56.1 billion, followed by China with imports amounting to USD27.22 billion.
The official data showed that Dubai’s most important trade products was gold, followed by diamonds, precious stones and metals and vehicles.
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