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127607
Sun, 06/13/2010 - 14:44
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https://oananews.org//node/127607
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UAE trade surplus set to rise 15pc
Abu Dhabi, June 13, 2010 (WAM)- The UAE’s trade surplus for 2010 is expected to rise 15 per cent from 2009, a foreign trade official said on Friday. The country’s surplus stood at US$16.1 billion last year according to a report by "Reuters".
Abdulla Al Saleh, director general at the Ministry of Foreign Trade, said non-oil exports in 2010 were set to jump 23 per cent from 2009 and re-exports were forecast to rise 13 per cent. UAE exports and re-exports totalled US$209.6 billion last year.
“The exports include gold, diamonds, petrochemicals, aluminium and steel,” he told Reuters on the sidelines of a Turkish-Arab economic forum in Istanbul.
Imports were set to rise between seven per cent and 10 per cent, Saleh said, adding these included the import of machinery, agricultural products and cars. Saleh said the figures were based on first-quarter performance. - Reuters
Abdulla Al Saleh, director general at the Ministry of Foreign Trade, said non-oil exports in 2010 were set to jump 23 per cent from 2009 and re-exports were forecast to rise 13 per cent. UAE exports and re-exports totalled US$209.6 billion last year.
“The exports include gold, diamonds, petrochemicals, aluminium and steel,” he told Reuters on the sidelines of a Turkish-Arab economic forum in Istanbul.
Imports were set to rise between seven per cent and 10 per cent, Saleh said, adding these included the import of machinery, agricultural products and cars. Saleh said the figures were based on first-quarter performance. - Reuters
