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FINANCIAL NEWS
UAE reports 9% growth in non-oil trade
16 Sep 2010
(MENAFN) A report issued by the UAE Federal Customs Authority showed that the Gulf state has posted a nine percent growth in non-oil trade during the first half of 2010 compared to the same period last year, Gulf reported.
According to the report, non-oil trade rose to $96.2 billion in the first half of this year while exports experienced growth of 32 percent during the same period.
In terms of imports, the UAE dealt mostly with India, China, the United States, Germany, Japan, the United Kingdom, South Korea, Italy, Saudi Arabia and France.
The main commodities imported up to June included motor vehicles, telephone sets and gold.
Imports grew 3 per cent during the same period to $63 billion by the end of June from $61 billion during the first half of 2009. Exports grew 32 percent during the comparison period.
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