ABU DHABI 14 January 2021: Despite the global economic slowdown and Covid-triggered lockdowns, UAE’s non-oil trade amounted to Dh1.033 trillion during the first nine months of 2020, statistics by the Federal Competitiveness and Statistics Centre show.
China is the country’s top trading partner with a total trade of Dh124.45bn, followed by Saudi Arabia, Dh90.8bn, India, Dh70bn, USA Dh60bn, and Switzerland, Dh41bn.
Gold topped the list at around Dh182bn, followed by phone and other cellular devices at Dh105bn.
The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade and remarkable leap in exports and re-exports during September, at a value of Dh76.35 billion.
From January to September 2020, imports amounted to Dh572.888bn, while the value of exports reached Dh191.322bn and re-exports increased to Dh269.104bn, according to the FCSC’s statistics.
According to Ministry of Economy’s statistics, the UAE ranks third globally, and leads Arab region in terms of re-exports, coming among top 20 import and export countries worldwide in 2019, during which non-oil trade grew 5 percent, contributing significantly to the country’s non-oil GDP.
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