Dubai: The UAE non-oil foreign trade achieved positive growth rates during the first nine months of 2010 and the total volume of the UAE non-oil foreign trade maintained its growth compared to the same period last year.
According to Federal Customs Authority (FCA) statements, the State's total non-oil foreign trade from January to September 2010 increased about 11 per cent.
The preliminary statistical data of FCA confirmed that the total volume of UAE non-oil foreign trade for the same period jumped Dh54 billion to Dh 540.5 billion from Dh486.4 billion in the year-ago period.
On Sunday, FCA announced in a press release that the sturdy growth in the UAE non-oil foreign trade mirrors the sound economic polices pursued by the UAE wise leadership since the onset of the 2008 global financial crisis.
The Authority also stated that the most notable readings from the preliminary data about the State's foreign trade in nine months are the record surge in exports and re-exports compared to imports.
This underlines that the State's recent economic diversification policies were successful in terms of reducing the trade balance deficit compared to peers worldwide.
"Preliminary statistical data for September 2010 reflected a 5 per cent growth in imports during the first nine months of 2010 to record Dh350.6 billion in September 2010 as compared to Dh334 billion in September 2009. Exports saw a remarkable leap of 39 per cent to Dh61.8 billion for the first 9-month period of 2010, compared with Dh44.4 billion in prior-year period. Similarly, re-exports went up to Dh128 billion for the same period, appreciating 19 per cent from Dh108 billion," FCA added.
