UAE non-oil trade reaches Dh256 billion in first quarter

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UAE’s non-oil trade made Dh256 billion in first the first three months of 2014 according to preliminary study.

UAE non-oil trade reaches Dh256 billion in first quarter

UAE non-oil trade reaches Dh256 billion in first quarter

Statistics reveal that imports accounted for 65%, or Dh166.4 billion of the non-oil trade in the first quarter, while exports accounted for 11.8%, or Dh30.2 billion and re-exports that represented 23.2%, or Dh59.4 billion of non-oil trade.

UAE is devoted and zealous on assisting world trade and getting rid of customs and non-customs hiccups before common deal with peers international. This in turn would cement bilateral worldwide relations, give to meeting local opportunities and consumer increasing demand whilst the UAE seeks to look after the society from illegal trade practices and maintain the economic interest of the business sector locally and overseas.

Worth of non-oil trade between the UAE and Gulf Cooperation Council (GCC) nations was Dh22.9 billion in the first quarter. GCC imports accounted for Dh7.4 billion, while exports and re-exports were Dh7.7 billion, correspondingly.

Mohamed Dekkak