UAE non-oil trade rises to more than 17 bln dlr in March

09:05, May 17, 2010      

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The non-oil foreign trade of the United Arab Emirates (UAE) hit 63 billion dirhams (about 17.1 billion U.S. dollars) in March 2010, up 18 percent compared to the previous year, the state news agency WAM reported Sunday.

The figure, also a 19 percent increase from February, included 40.8 billion dirhams (about 11.1 billion dollars) of imports, 6.8 billion dirhams (about 1.85 billion dollars) of exports and 15.4 billion dirhams (about 4.19 billion dollars) of re-exports, the report said, citing preliminary statistics released by the Federal Customs Authority.

It added that the total value of imports was up by 11 percent on a year-on-year basis, while exports recorded a big rise of 46 percent and re-exports increased by 29 percent.

"The continuation of the upward, considerably-high trend of the UAE's foreign trade in the first quarter of this year was a good indication that it is possible for the UAE to achieve its targeted economic growth levels during the current year," Khalid Ali Al Bustani, acting general manager of the Federal Customs Authority, was quoted as saying.

The Gulf nation's total foreign trade grew by 5 percent from 164 billion dirhams (about 44.6 billion dollars) in the first quarter of 2009 to 171.7 billion dirhams (about 46.7 billion dollars) in the same period of this year, he said.

According to the Federal Customs Authority, India, China, the United States, Japan, Germany, Britain, Italy, Switzerland, France and Malaysia topped the list of exporting countries to the UAE.



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