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FINANCIAL NEWS
UAE’s 2010 foreign trade up 14% to USD205.3b
16 Oct 2011
(MENAFN) The UAE Foreign Trade Ministry (MoFT) said that last year, the country’s foreign trade went up 14 percent to USD205.3 billion from USD179.7 billion recorded in the previous year, reported Emirates 24/7.
The ministry added that in the year, non-oil imports reached USD132 billion with a rise of 8 percent over 2009, whereas the country’s imports came mainly from India, China and the US.
It also said that more than a third of the country’s imports were re-exported, representing 38 percent of the country’s imports.
It is worth noting that in 2010, non-oil exports hiked 27 percent to USD22.6 billion, whereas re-exports jumped 26 percent.
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