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FINANCIAL NEWS
UAE- Sharjah foreign trade value touches $16.5b
23 May 2010
(MENAFN) A report issued by the Sharjah Economic Development Department (SEDD) showed that the emirate’s total foreign trade has reached $16.47 billion last year, Khaleej Times reported.
According to the report, the emirate’s imports accounted for 65.6 percent of total trade during 2009, while exports and re-exports accounted for 30.4 percent. Transit accounted for 3.8 percent of the total with $626 million.
The value of trade exchange between the emirate of Sharjah and the GCC countries was valued at $2.12 billion in 2009. This included imports to the value of $316 million and exports to the value of $51.2 million.
Saudi Arabia emerged as Sharjah’s largest GCC trade partner in 2009, with a trade exchange value of $626 million, the report said.
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