Non-oil trade in UAE achieves Dh534 billion

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The UAE’s non-oil direct trade arrived at Dh534.1 billion in the first half of 2015, marking a 2% annual growth from the Dh521.8 billion marked in the same six months in 2014.

Non-oil trade in UAE achieves Dh534 billion

Non-oil trade in UAE achieves Dh534 billion

In a statement issue According to a statement issued by the Federal Customs Authority (FCA) on Monday, non-oil imports reached Dh337.6 billion during the first half of this year, 1% drop from the Dh340.6 billion recorded in the same period last year.

On the other hand, non-oil exports from the UAE climbed 28%, arriving at Dh81.4 billion, with gold exports topping the list at a value of Dh28.7 billion — a 35% increase.

Native gold and handled gold also topped the list of imported goods in H1 2015, recording Dh50.7 billion in trade value — representing 15% of the total non-oil imports.

Vehicles came in second place with a value of Dh24.8 billion 7.3% of all imports, followed by non-composite diamond, mobile phones, and ornaments and jewellery.

Profits from re-exports declined 2% to arrive at Dh115.2 billion in H1 2015.

FCA said that the UAE’s direct non-oil trade remained significantly even in spite of harder economic situations seen by several nations across the world.

Commissioner Ali Al Kaabi, head of FCA, said that such economic conditions include slower development in various advanced and rising economies particularly China, which tops the list of UAE’s trade partners.

Mohamed Dekkak

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