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FINANCIAL NEWS
UAE’s non-oil trade soars to USD69.67b in Q1
20 Aug 2014
(MEANFN) According to a report published by The UAE’s Federal Customs Authority (FCA), the country’s non-oil trade reached USD69.67 billion in the January-March period, Emirates 24/7 reported.
The report states that the UAE’s imports reached USD45.29 billion, accounting for 65 percent of the total non-oil trade in the cited period, while exports represented 11.8 percent, hitting USD8.21 billion.
Meanwhile, re-exports amounted USD16.16 billion, accounting for 23.2 percent of non-oil trade, the report added.
In terms of weight, around 40.7 million tons were traded, of which 15.5 million tons were imported, while exports reached 22.7 million tons and re-exports weighed 2.5 million tons.
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