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02-11-10

Dubai exports surge 39% by August-end

(MENAFN) Dubai Customs Director General, and Executive Chairman of Ports, Customs and Free Zone Corporation, Ahmed Butti Ahmed, announced that Dubai's non-oil trade increased by 18 percent by the end of August 2010, reaching $103 billion as opposed to $87 billion in the same period in 2009, WAM reported. The emirate's direct exports also witnessed a 39 percent rise, surpassing $12 billion by the end of August. Re-exporting activity of non-oil products reached $25 billion in the January-August period, compared to $21 billion in the same period in the previous year, registering a 20 percent increase. Statistics issued by Dubai Customs for the January-August period of the current year showed that India has topped Dubai imports list with $12 billion by 19 percent of the aggregate value. Whereas China came in second place with $8 billion by 12 percent, followed by the US which contributed to 8 percent of Dubai total imports with a value of $5 billion, then came Germany and Japan which scored $3.2 billion and $2.9 billion of imports values respectively. The factors which contributed to this rise in Dubai international trade exchange are the emirate's massive logistic services, its flexible and competitive set of legislations, advanced infrastructure along with its strategic location. Moreover, Dubai has become an important investment destination as a result of the positive stability of its economic indicators, Butti explained.

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