DUBAI – The UAE's non-oil foreign trade totaled AED499 billion ($135.9 billion) in the first six months of 2012, an increase of more than 10 percent on the same period last year. Initial statistics from the UAE's Federal Customs Authority showed that the total non-oil foreign trade rose by AED47.4 billion in H1. Exports grew by 40 percent in the first half of this year to reach AED77 billion while imports grew by 12 percent to AED321.4 billion. Re-exports hit AED100.5 billion in the same period, FCA said. The UAE's non-oil trade with other GCC countries hit AED46 billion in the first half of 2012, with Saudi Arabia top of the list. The statistics showed that gold was the biggest imported good with AED60 billion. – SG
