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FINANCIAL NEWS
UAE’s non-oil trade surges 9.45% to $130b
14 Nov 2010
(MENAFN) UAE’s Federal Customs Authority (FCA) revealed in a statement that the country’s non-oil foreign trade increased by 9.45 percent, to $130 billion by August-end of the current year, compared to $118.8 billion during the corresponding period a year earlier, WAM reported.
During the first eight months of 2010, exports grew by 38 percent to reach $14.6 billion, as opposed to $10.6 billion during the same period of 2009, whereas imports registered a 3 percent rise, reaching $84.8 billion during the mentioned period of 2010, compared to $82 billion in the corresponding period in the previous year, revealed the FCA.
According to the FCA, August 2010 non-oil exports stood at $2.5 billion, compared to $1.3 billion a year earlier.
In non-oil exports, Norway, India, Switzerland, Saudi Arabia, Iran, Iraq, Qatar, Kuwait, Pakistan, and Hong Kong, respectively, topped the list of importing countries from the UAE.
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