ID :
107266
Thu, 02/18/2010 - 14:16
Auther :
Shortlink :
https://oananews.org//node/107266
The shortlink copeid
UAE-Japan trade down 49 per cent
Dubai, Feb 18, 2010 (WAM)- The sharp decline of oil prices worldwide over 2009 led the total value of trade exchange between the UAE and Japan fell by nearly 49 per cent to US$29.22 billion (about Dhs107.24 billion) in the year compared with US$57.21 billion (Dhs210 billion) in 2008, The Gulf Today reported.
According to Japan External Trade Organisation (JETRO), the UAE's exports to Japan fell by 51 per cent to US$22.71 billion (Dhs83.35 billion) in 2009 compared with US$46.42 billion (Dhs170.36 billion) in the previous year.
At the same time, the UAE's imports from Japan fell by nearly 40 per cent to US$6.51 billion (Dhs23.9 billion) in 2009 compared with US$10.79 billion (Dhs39.6 billion) in 2008. This led the surplus of the UAE balance of trade with Japan to decline by nearly 55 per cent to US$16.2 billion (Dhs59.45 billion) in 2009.
According to Japan External Trade Organisation (JETRO), the UAE's exports to Japan fell by 51 per cent to US$22.71 billion (Dhs83.35 billion) in 2009 compared with US$46.42 billion (Dhs170.36 billion) in the previous year.
At the same time, the UAE's imports from Japan fell by nearly 40 per cent to US$6.51 billion (Dhs23.9 billion) in 2009 compared with US$10.79 billion (Dhs39.6 billion) in 2008. This led the surplus of the UAE balance of trade with Japan to decline by nearly 55 per cent to US$16.2 billion (Dhs59.45 billion) in 2009.
