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FINANCIAL NEWS
UAE non-oil trade falls to $14.4b in February
12 Apr 2010
(MENAFN) The UAE’s Federal Customs Authority (FCA) said in a preliminary report that the country’s non-oil foreign trade fell by 1 percent in February to $14.4 billion, compared with from $14.6 billion a year earlier, Khaleej Times reported.
According to the report, UAE exports rose by 2 percent in February to $1.33 billion, up from $1.31 billion in the same period last year, while re-exports also increased by 2 percent to reach $3.5 billion.
The total non-oil foreign trade weighed 5.4 million tons, out of which 3.3 million metric tons were imports, 1.5 million metric tons were exports and 0.6 million tons were re-exports.
India, Saudi Arabia, Oman, Qatar, Iran, Switzerland, Turkey, Pakistan, Kuwait and Iraq were the top importing nations from the UAE for non-oil exports, which accounted for 74 percent of the country’s total exports, the FCA said.
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