India tops Dubai’s import destinationsMay 27th, 2008 - 5:58 pm ICT by admin
Dubai, May 27 (IANS) India has topped the list of Dubai’s direct import destinations ahead of China in the first quarter of 2008, WAM news agency reported Tuesday. According to the latest figures, released by Dubai World, India shared 13.14 percent of the emirate’s total imports worth 12.6 billion United Arab Emirates dirhams ($3.43 billion) in the first quarter of the year.
China came second with 10.7 billion dirhams ($2.91 billion), followed by Switzerland with 7.2 billion dirhams.
As for Dubai’s exports, India again topped the list with 45.7 percent of the total exports worth 4.7 billion dirhams ($1.28 billion) during the first quarter of 2008, followed by Switzerland with 13.5 percent, or 1.4 billion dirhams of direct exports.
India maintained its position as the largest re-export destination with 31.8 percent, or 11.9 billion dirhams, out of total re-exports in the first quarter of 2008.
Iran came second with total re-export trading hitting 14 percent (5.2 billion dirhams) of total re-exports, followed by Switzerland with 9 percent or 3.3 billion dirhams.
The data also showed that Dubai’s direct non-oil foreign trade, excluding free zones and customs warehouses, amounted to 143.8 billion dirhams (around $39.2 billion) during this period, against 91.53 billion dirhams (around $24.9 billion) for the corresponding period in 2007, showing an increase of 52.3 billion dirhams (around $14.2 billion).
Commenting on the figures, Sultan Ahmed Bin Sulayem, chairman of Dubai World, said: “The figures released by Dubai World statistics department, underscore the buoyant commercial growth of the emirate, reinforcing Dubai’s reputation as a major commercial hub.”
“The growth is fuelled by the government’s relentless efforts to upgrade the existing modern infrastructure of ports, airports and land transportation network, connecting Dubai to the world,” he said, and added, “The growth of Dubai’s non-oil economy also comes as a result of the noticeable rise in the international oil prices, which led to a corresponding increase in government income and the public spending on developmental projects.”
“The unprecedented construction boom and the tourist and commercial development are also factors which largely contributed to this growth,” he noted.
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- India remains Dubai's largest trade partner - Jun 20, 2010
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- UAE's non-oil trade increases to AED 63 bn; India top trade partner - May 16, 2010
- Dubai's non-oil trade surges to $156 bn in 2010 - Mar 07, 2011
- India Dubai's biggest trade partner in Jan-Feb - May 20, 2011
- Dubai's global trade reaches $78 bn - Aug 21, 2011
- UAE's GDP to grow by two percent in 2010 - Sep 01, 2010
- India's exports rose 6.71 percent to $25 bn in December - Feb 01, 2012
- India ranks first in UAE's exports - Oct 12, 2009
- UAE, India business groups discuss trade ties - Apr 25, 2011
Tags: bin sulayem, commercial hub, direct exports, direct import, dirhams, emirate, export destination, export trading, first quarter, land transportation, modern infrastructure, oil economy, relentless efforts, statistics department, sultan ahmed, transportation network, united arab emirates, wam, warehouses, world statistics