Dubai direct exports with the external world rises 14% by end of April 2010

Dubai, June 21, 2010 (WAM)- Dubai's direct exports grew an average rate of 14% in terms of value during the first four months of this year 2010 reaching Dhs180.7bn as compared to Dhs159.1bn in the same period last year 2009.
Statistics issued by the Statistics Department at Dubai Customs revealed a rising growth rate of all key trade activities including exports, imports and re-exports from January to April 2010.
Dubai trade exchange maintained a significant growth rate of 16.7% for the past five years which is considered a positive indicator for the upcoming periods. Figures issued by the Statistics Department at Dubai Customs show that the compound imports value increased by 9% during the first four months in 2010 reaching Dh115.6bn as opposed to Dhs105.6bn of the same period in 2009.
Ahmed Butti pointed out that India had the biggest share of the imports of Dh17.1bn, that is 14.8% of Dubai compound imports. China came second place with a value of Dh10.1bn and was followed by the USA with a share of Dh7.8bn.
As for Dubai direct exports, they also recorded a high value during the first four months of 2010 as compared to the same period of 2009. Exports accounted for Dhs20.4bn with 36% increase as compared to Dh15bn exports value of the same period in 2009.
India, Switzerland and Saudi Arabia topped the list of exported-to countries. India alone had over 40% of the total exports in Dubai with a value of Dh8.2bn whereas exports to Switzerland reached Dh913.7m and Dh650m to Saudi Arabia.
Figures exhibited as well a growth rate in the re-exporting process with 16% and a share of Dh44.6bn during the first four months of this year as compared to Dh38.4bn in the first four months of 2009. India again as well as Iran and Iraq topped the Dubai re-export countries list with percentages of 25.4%, 12.7% and 4.3% respectively. – Emirates News Agency, WAM