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FINANCIAL NEWS
UAE’s Jan-Jul non-oil trade soars 23%
02 Jan 2012
(MENAFN) The UAE’s Federal Customs Authority (FCA) said that during 2011’s first 7 months, the country’s non-oil foreign trade surged by 23 percent from 2010’s USD115.9 billion to USD142.6 billion, reported Emirates 24/7.
The FCA added that during the January-July period, exports soared by 45 percent to USD17.6 billion compared with USD12 billion in 2010’s same period, whereas imports increased by 22 percent to USD91.7 billion from USD75 billion, and r-exports jumped 16 percent to USD33 billion.
It also said that total value of UAE-GCC non-oil foreign trade in July 2011 reached USD1.4 billion, of which USD272 million were in exports, USD489 million in re-exports and USD653 million in imports.
It is worth noting that gold came first in imports with a value of USD2.5 billion, whereas diamond came second with USD1.11 billion, followed by ornaments and jewelry with USD598 million.
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