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FINANCIAL NEWS
UAE’s Saudi imports at USD613m
16 Jun 2013
(MENAFN) The National Commercial Bank released a report which showed that the UAE imported Saudi goods worth USD613 million in March, making it take China’s spot as the top importer, reported Arab Times.
The report also showed that the UAE recorded a 42 percent hike in Saudi imports. It added that Singapore, whose imports dropped 0.7 percent, came in third in the top 3 importers after the UAE and China.
The data showed that the value of exports were around USd4.4 billion down from USD4.66 billion compared to the previous year. Export revenues dropped by 5.9 percent, while the volume of exports decreased by 11.5 percent year on year.
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