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Dubai’s non-oil trade surges 11% in 2016

|By Arabian Post Staff| Dubai saw a 11 per cent surge in the total volume of traded goods in the first nine months of 2016, rising as high as 70.82 million tons of commodities.

Imports had the lion’s share at AED 594 billion (46.81 million tons and 12% increase), while exports and re-exports accounted for AED 109 billion (11.84 million tons and 8% increase) and AED 249 billion (12.17 million tons and 10.5% increase), respectively. This pushes the total value of Dubai’s trade up to AED 952 billion.

Mobile phones topped the list of high-value commodities in Dubai’s foreign trade in the first 9 months of this year with AED 124 billion worth of trade, and computers at AED 30 billion. This supports Dubai’s transformation into the world’s smartest city and its growth as one of the region’s and the world’s major trading hub for smart ICT products.

Next on the list was gold with AED 116 billion worth of trade, followed by diamonds at AED 73 billion, and jewelry at AED 46 billion.

On the other hand, Dubai’s foreign trade in automobiles in the first 9 months of 2016 stood at AED 44 billion, and the value of petroleum oils reached AED 30 billion.

With a bilateral trade worth AED 120.8 billion, China was — by far — Dubai’s primary trading partner in the first 9 months of 2016. India came in second with bilateral trade at AED 70.4 billion. The USA followed with AED 64 billion trade value, which means a 6% increase compared to the first 9 months of 2015.

Once again, the Kingdom of Saudi Arabia was Dubai’s fourth top trading partner globally and first in the GCC and Arab regions, at AED 39.4 billion. Moreover, a substantial increase of 64 per cent in trade value was recorded between Switzerland and Dubai, taking their two-way commerce to AED 36 billion.