Dubai non-oil foreign trade surges 22pc in first nine months of 2019
DUBAI's non-oil foreign trade volumes increased 22 per cent to 83 million tonnes in the first nine months of 2019, Dubai Customs has announced
DUBAI's non-oil foreign trade volumes increased 22 per cent to 83 million tonnes in the first nine months of 2019, Dubai Customs has announced.
According to the customs authority, the volume of re-exports jumped 48 per cent to 13 million tonnes, while exports rose by 47 per cent (14 million tonnes) and imports grew by 13 per cent (56 million tonnes), reported Emirates News Agency.
The Dubai Customs director general Ahmed Mahboob Musabih attributed this increase to its 'advanced services delivered Customs, thus reflecting the 'robust and health' economy and trade the emirate has on a regional and global scale.
'Dubai trade with the world crossed the trillion mark growing by six per cent to reach AED1.019 trillion (US$277.4 billion) in the first nine months of 2019 from AED966 billion in the same period in 2018,' Mr Musabih noted.
Exports rose by 23 per cent to AED118 billion, re-exports grew by four per cent to AED312 billion, and imports were up three per cent at AED589 billion.
'In support of this growth,' he added, 'Dubai Customs launched a number of initiatives that aim to facilitate and enhance trade, including 24 projects in support of the upcoming EXPO 2020.'