FINANCIAL NEWS

UAE’s non-oil foreign trade up 23% in 2011

21 May 2012

(MENAFN) UAE’s Federal Customs Authority (FCA) stated that in 2011, the country’s non-oil foreign trade grew 23 percent from 2010’s USD205.30 billion to USD252.50 billion, reported Emirates 24/7.

The FCA added that the total value of the country’s imports during the period stood at around USD100.59 billion, whereas exports reached USD21.31 billion.

It said that the total value of non-oil trade between the UAE and countries of the Gulf Cooperation Council (GCC) reached USD17.20 billion, with imports at USD7.56 billion, while exports and re-exports at USD3.59 billion and USD6.01 billion respectively.

It is worth ntoing that gold came on the top of the country’s exports and imports, whereas diamond topped the list of re-exports during 2011.

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