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Dubai trade soars 30% to $64 billion
Published in The Saudi Gazette on 14 - 07 - 2011

petroleum direct international trade shot up 30 percent, equivalent to more than AED235 billion ($64 billion) in the first quarter this year as compared to AED180 billion in the same period last year.
Dubai Customs most latest statistics reports showed that Dubai's imports for the first four months in this current year expanded by more than 40 percent with AED29 billion as opposed to AED20 billion during the period from January to April in 2010.
The re-exports expanded to a higher growth during the first third of this current year, reaching to 38 percent with a total value of more than AED61 billion comparable to AED44 billion for the same period of 2010.
"These achieved growth turnover indications predict availability of sustainable economic growth in Dubai and mainly target productive sectors of higher added value with intention of contributing in the improvement of individual's incomes, prosperity and creating different sources of incomes," said Ahmed Butti Ahmed, executive chairman of Ports, Customs and Free Zones, the director general of Dubai Customs.
This secured growth is entirely reflected in areas of direct trades exchange which included exports in addition to re-exports and imports, he added.


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