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FINANCIAL NEWS
Dubai’s foreign trade hits USD90.09b in Q1
19 Jul 2015
(MENAFN) Dubai’s foreign trade soared 3 percent in the first quarter, hitting USD90.09 billion compared to USD87.91 billion in the same period of 2014, Emirates 24/7 reported.
The growth is attributed to the emirate’s heavy investment in its infrastructure, which has significantly enhanced its attractiveness to international businesses.
Meanwhile, imports had the lion share with USD55.79 billion, while exports climbed to USD8.7 billion and re-exports USD25.5 billion.
China was Dubai’s premier trade partner, with USD12.7 billion worth of goods traded between them. India turned second with trade value totalling USD6.7 billion.
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