Dubai foreign trade up 6% to Dh1.37 trillion in 2019

Emirate caps prosperous decade, during which external trade grew by 70%

Published: February 29, 2020 22:53 Jay Hilotin, Senior Assistant Editor

1 of 7

Dubai saw a 6% spike external trade growth in 2019, spurred by its efforts to achieve its 2025 trade target of Dh2 trillion. Image Credit: WAM

2 of 7

Non-oil external trade, led by the gold trade, last year grew 19 per cent in volume from 91 million tonnes in 2018 to reach 109 million tonnes in 2019. Image Credit: Clint Egbert / Gulf News

3 of 7

Jebel Ali Free Zone: Dubai’s foreign trade out of free zones in 2019 was a major contributor to the overall increase, accounting for Dh592 billion, a 11 per cent increase year-on-year. Image Credit: Gulf News File

4 of 7

In terms of value, Dubai’s external trade surged 6 per cent to Dh1.371 trillion from Dh1.299 trillion in 2018. Image Credit: WAM

5 of 7

JUMP IN TRADE: Emirates Global Aluminium is the world's largest premium aluminium producer, as well as one of the largest companies in the UAE. Dubai's exports skyrocketed 22 per cent to Dh155 billion, re-exports grew by 4 per cent to Dh420 billion and imports rose by 3 per cent to Dh796 billion. Image Credit: Emirates Global Aluminium

6 of 7

China remained Dubai’s largest trading partner, contributing Dh150 billion. India was the second biggest trading partner, contributing Dh135 billion, followed by the USA with Dh77.7 billion, and Switzerland with Dh60 billion. Image Credit: WAM

7 of 7

The highest traded commodity by value in 2019 was gold, jewellery and diamonds which contributed Dh370 billion, a growth of 7 per cent from 2018. Image Credit: WAM

Business

Dubai foreign trade up 6% to Dh1.37 trillion in 2019

More From Business

UAE's Masdar enters Bahrain market with planned 2GW wind farm, first such for Middle East

UAE's EDGE becomes a global non-lethal technology player with Condor acquisition

Aldar launches second residential project - Athlon - in Dubai, with focus on 'active living'

Downtown Dubai's most expensive apartment sold for record-breaking Dh80 million

GULFNEWS SECTIONS

Trending

Dubai foreign trade up 6% to Dh1.37 trillion in 2019

More From Business

UAE's Masdar enters Bahrain market with planned 2GW wind farm, first such for Middle East

UAE's EDGE becomes a global non-lethal technology player with Condor acquisition

Aldar launches second residential project - Athlon - in Dubai, with focus on 'active living'

Downtown Dubai's most expensive apartment sold for record-breaking Dh80 million

GULFNEWS SECTIONS