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China tops Dubai’s list of foreign trade partners

Direct trade contributed Dh605b to Dubai’s total foreign trade value

Gulf News

Dubai: Dubai’s foreign trade scored steady growth in the first nine months of 2014 with top trading partners, according to a release by Dubai Customs on Saturday. China was Dubai’s top foreign trade partner during the first nine months of the year, with a trade value of Dh126 billion, up 27 per cent on the same period as last year. It was followed by India with Dh80 billion, the USA with Dh61 billion, and Saudi Arabia is in fourth position globally (but first among Arab countries) with Dh40 billion. Dubai-Germany trade was up 25 per cent at Dh32.5 billion, while trading with Japan grew 13 per cent with a value of Dh31 billion.

From January to September 2014, direct trade contributed AD605 billion of Dubai’s total foreign trade value, while free zones contributed Dh367 billion, and the customs warehouses Dh16 billion.

Phones topped other commodities in Dubai’s non-oil foreign trade. Trading in phones recorded 8 per cent growth, amounting to Dh129.4 billion. Meanwhile, Dubai’s trade of motor vehicles and individual-use cars, including station wagons and racing cars, climbed 31 per cent to reach Dh48.6 billion. Computers recorded a 10 per cent growth at Dh40 billion, and petroleum oils grew 12 per cent and amounted to Dh30.5 billion.

Dubai’s foreign trade markets expanded to include partners’ from the five continents, led by Asia with a trade value of Dh610 billion, followed by Europe with Dh198 billion, then Africa with Dh89 billion

There was Dh72 billion in trade volume with North America and Dh10 billion with South America. Trade with Oceania — including Australia — was Dh8 billion.