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FinancialNews


  • 15-11-20

    UAE's non-oil trade exceeds USD 179 bln over 2020's 1st half

    (MENAFN) Quoting the Federal Competitiveness and Statistics Centre, the state-owned media outlet WAM announced that non-oil trade in the United Arab Emirates accumulated to almost AED658.3 billion (USD 179.2bn) during the first six months of 2020.
    The country's non-oil trade accounted for 41 percent of the overall volume of the UAE's trade in 2019, amid the downturn in economic activities worldwide as a result of border suspensions, lockdowns, lockdowns and numerous other constraints.

    At AED104bn (USD 28.3bn), or 15.7 percent of total trade, gold topped the list.
    In H1 2020, imports stood at AED378.8bn (USD 103.1bn) versus AED116.7bn (USD 31.8bn) for exports and AED162.7bn ($44.3bn) for re-exports, according to details.

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