FINANCIAL NEWS

UAE expects 15% rise in 2010 trade surplus

13 Jun 2010

(MENAFN) An official at the UAE government said that the country?s trade surplus for 2010 is expected to rise 15 percent from 2009, when it reached $16.1 billion, Khaleej Times reported.

According to the official, the UAE non-oil exports in 2010 were set to jump 23 percent from 2009 and re-exports were forecast to rise 13 percent. UAE exports and re-exports totaled $209.6 billion last year.

Imports were set to rise between seven per cent and 10 percent, the official said, adding that those included the import of machinery, agricultural products and cars.

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