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FINANCIAL NEWS
Dubai’s trade increases 23% in 9 months
04 Jan 2012
(MENAFN) Dubai’s total non-oil trade registered 23 percent increase to more than USD221.6 billion in the first nine months of 2011 from a year earlier, Arabian Business reported.
Dubai’s imports increased by 21 percent, and 43 percent in exports, while re-export business increased by 18 percent by the end of the third quarter of 2011, according to Dubai Customs.
India was the largest exporter to Dubai, followed by China, the US, Japan and the UK, with a total value of USD41.9 billion, nearly half of the total trade.
India also was the largest importer form Dubai, followed by Switzerland and Saudi Arabia.
Data from Dubai Customs showed that gold topped the list of products in both imports and exports, while diamonds topped Dubai’s re-exports.
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