Dubai non-oil trade rises 7% in Q1 2019

Supplied

The value of Dubai’s non-oil foreign trade reached AED 339 billion in the first quarter of this year.

That’s a 7 per cent increase compared to the same period in 2018.

According to data released by Dubai Customs, exports surged 30 per cent (AED 42 billion), while re-exports grew 7 per cent (AED 106 billion) and imports went up by 4 per cent (AED 190 billion).

Air and sea trade accounted for 85 per cent of total trade, with both witnessing double-digit increases. 

China remained the top trading partner during the period, followed by India and the US.

“This robust performance and marked growth of Dubai’s non-oil foreign trade is an indication that we are on the right path of revenue diversification in alignment with the values and standards outlined in the 50-Year Charter,” said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the emirate’s Executive Council.

DUBAI TRADE 2

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!