ID :
156566
Mon, 01/10/2011 - 13:26
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https://oananews.org//node/156566
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Dubai trade exchanges rise by 19% during first ten months of 2010
Dubai, Jan 10, 2011 (WAM)- The value of Dubai trade exchanges have risen 19% during the first ten months of last year totalling Dhs475bn compared to Dhs400bn of exchanges that took place in the same period during the preceding year.
Ahmed Butti Ahmed, the Director General of Dubai Customs and CEO of the Ports, Maritime and Free Zone Authority said that the statistics released by Dubai Customs during the period between January and October shows an unprecedented rise in Dubai's direct exports within the last five years which totalled more than Dhs56.5bn during the first ten months in this year exceeding the same period in 2009 which valued Dhs41bn; a rise percentage of 36%, said a press release.
Director General of Dubai Customs added that re-export operations have witnessed a record rise as well.
They totalled Dh118bn during the first ten months of this year compared to Dh96bn during the same period last year. He considered this an indication that reflected the positive and forward trend of business movement in the emirate which benefited from sustainable economic system, sophisticated infrastructure, distinguished geographic location, economic distinctive relations, and the presence of an economic legislation system that offers equal opportunities and fair competitiveness factors, and encourages innovation and distinction.
Ahmed Butti Ahmed said that Dubai imports totalled more than Dh300bn during the first ten months of this year with a rise of 14% compared to the same period last year which totalled Dh262bn which means that trade movement is flourishing in the emirate and the UAE, liquidity is growing, purchasing power improving.
It indicates also the growing of investment and business opportunities available for the business sector.
Statistics released by Dubai Customs included free zone trade which grew by 22% during the first ten months of 2010 totalling Dh265bn compared to Dh217bn for the same period last year.
Trade of customs stores rose by 110% totalling Dh2.7bn by the end of the first ten months of 2010 compared to Dh1.3bn for the same period of 2009.
Meanwhile, India remained on top of the list of Dubai's business partners, according to figures released at the end of October 2010.
The value of total exchanges between Dubai and India has mounted to Dh123bn which makes 26% of total Dubai trade exchanges with the world.
Dubai imports from India valued Dh56.4bn, and exports valued Dh24bn. Re-export operations totalled Dh42.2bn.
In imports, China came second after India. Dubai's imports from China within the first ten months of 2010 totalled Dh37bn. China is followed by the United States of America with more than Dh23bn of exports to Dubai.
In terms of exports, Switzerland is the second biggest importer from Dubai after India with a value of approximately Dhs10bn, followed by Saudi Arabia which came second with more than Dh2bn. - Emirates News Agency, WAM
Ahmed Butti Ahmed, the Director General of Dubai Customs and CEO of the Ports, Maritime and Free Zone Authority said that the statistics released by Dubai Customs during the period between January and October shows an unprecedented rise in Dubai's direct exports within the last five years which totalled more than Dhs56.5bn during the first ten months in this year exceeding the same period in 2009 which valued Dhs41bn; a rise percentage of 36%, said a press release.
Director General of Dubai Customs added that re-export operations have witnessed a record rise as well.
They totalled Dh118bn during the first ten months of this year compared to Dh96bn during the same period last year. He considered this an indication that reflected the positive and forward trend of business movement in the emirate which benefited from sustainable economic system, sophisticated infrastructure, distinguished geographic location, economic distinctive relations, and the presence of an economic legislation system that offers equal opportunities and fair competitiveness factors, and encourages innovation and distinction.
Ahmed Butti Ahmed said that Dubai imports totalled more than Dh300bn during the first ten months of this year with a rise of 14% compared to the same period last year which totalled Dh262bn which means that trade movement is flourishing in the emirate and the UAE, liquidity is growing, purchasing power improving.
It indicates also the growing of investment and business opportunities available for the business sector.
Statistics released by Dubai Customs included free zone trade which grew by 22% during the first ten months of 2010 totalling Dh265bn compared to Dh217bn for the same period last year.
Trade of customs stores rose by 110% totalling Dh2.7bn by the end of the first ten months of 2010 compared to Dh1.3bn for the same period of 2009.
Meanwhile, India remained on top of the list of Dubai's business partners, according to figures released at the end of October 2010.
The value of total exchanges between Dubai and India has mounted to Dh123bn which makes 26% of total Dubai trade exchanges with the world.
Dubai imports from India valued Dh56.4bn, and exports valued Dh24bn. Re-export operations totalled Dh42.2bn.
In imports, China came second after India. Dubai's imports from China within the first ten months of 2010 totalled Dh37bn. China is followed by the United States of America with more than Dh23bn of exports to Dubai.
In terms of exports, Switzerland is the second biggest importer from Dubai after India with a value of approximately Dhs10bn, followed by Saudi Arabia which came second with more than Dh2bn. - Emirates News Agency, WAM
