The trade between Dubai and Israel has reached AED 1 billion over the last five months, according to Dubai Customs statistics.
Of this, imports were valued at AED 325 million, exports at AED 607 million and transit trade at AED 98.7 million.
Dubai’s main imports from Israel include vegetables, fruits, diamonds, flat screens, hi-tech devices, medical and mechanical devices, while exports include diamonds, smart phones, engine spare parts, perfumes and lubricants.
Ahmed Mahboob Musabih, Director-General of Dubai Customs stated that Dubai and Israel can both generate new growth opportunities.
"Expo 2020 is a golden opportunity for Israel to introduce its services, products and opportunities to the world. We also look forward to Israel’s participation in the 5th WCO AEO Conference, to be organised by Dubai Customs in coordination with the World Customs Organization and the Federal Customs Authority. The event, expected to attract more than 2,000 customs, trade, AI, and e-commerce experts, will highlight the UAE’s status as a leading player in global trade,” he said.