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FINANCIAL NEWS
UAE’s H1 Free Zones, markets trade up 19%
21 Nov 2011
(MENAFN) UAE’s Federal Customs Authority (FCA) said that during the January-June period, trade volume in the free zones and markets jumped 19 percent over 2010’s USD46 billion to around USD54.8 billion, reported Emirates 24/7.
The FCA added that imports volumes grew 18 percent year on year at the free zones, from USD26 billion in 2010 to USD30.86 billion, whereas exports and re-exports surged 21 percent from last year’s USD19.8 billion to USD24 billion.
It also said that the total free zones trade volume of the country with the Arab countries in the year’s first six months, in terms of value, grew in the re-exports from these countries, moreover, total foreign trade volume of the UAE with Arab nations reached USD11 billion.
It is worth noting that total trade volume of free zones and markets in terms of weight in the period was around 9.4 million tons, including 6.1 million tons of imports, 571 thousand tons of exports, whereas re-exports reached 2.8 million tons.
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