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FINANCIAL NEWS
UAE’s non-oil trade up 14% in 2010
04 Apr 2011
(MENAFN) UAE’s Federal Customs Authority (FCA) stated that the country’s non-oil foreign trade in 2010 went up by fourteen percent due to the global recovery from the financial crisis as well as a boost in trade with Asia, reported Gulf Daily News.
FCA said that non-oil foreign trade increased to USD205.4 billion, compared to USD179.8 billion a year earlier. In addition, exports in 2010, excluding oil, hiked by 27 percent, year on year.
As for non-oil imports, volume went up by eight percent compared to 2009, and amounting USD132.2 billion in 2010, said FCA.
FCA added that UAE’s exports consisted mainly of re-exports to India, Iran, and Iraq, while imports were mainly from India, China and the US.
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