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FINANCIAL NEWS
UAE’s non-oil foreign trade grows 10% in H1
21 Oct 2012
(MENAFN) Official data showed that UAE’s non-oil foreign trade has increased by 10 percent during the first six months of 2012, Arabian Business reported.
According to preliminary statistics from the Federal Customs Authority (FCA), UAE’s non-oil trade totalled USD135.9 billion in the January-June period, USD13 billion higher than last year.
The rich Gulf state’s exports rose 40 percent in the period to USD20.96 billion, while imports grew by 12 percent to USD87.5 billion, and re-exports hit USD27.4 billion.
Asia-Pacific region remained the largest non-oil foreign trade partner with a total trade of USD58.8 billion, or 44 percent of the total trade in the first half.
Europe was the second largest trade partner with USD52.4 billion, while the Middle East and North Africa region came third with USD19.76 billion.
UAE’s main imports were gold, followed by jewellery, cars and mobile phones. Gold was also the top among exported goods, according to the FCA.
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