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FINANCIAL NEWS
UAE’s non-oil foreign trade up 22% in 10 months
01 Mar 2012
(MENAFN) UAE’s Federal Customs Authority (FCA) said that during 2011’s January-October period, the country’s non-oil foreign trade jumped 22 percent from 2010’s same period to USD206.81 billion, reported Emirates 24/7.
The authority added that the figure represents an increase of USD37.37 billion from the USD169.43 billion recorded a year earlier.
It also said that in October alone, UAE foreign trade grew 26 percent from 2010’s USD18.07 billion to USD22.72 billion.
It is worth noting that imports recorded a growth of 24 percent to USD134.40 billion, whereas exports surged 34 percent to USD25.55 billion, and re-exports increased 12 percent to USD46.84 billion.
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