Middle East sees surge in trade
Despite negative growth in international trade, the Middle East witnessed a solid increase in trade during the last two years, especially in the re-export business, defying the international trend, according to a report by Emirates Industrial Bank.
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MAJOR RE-EXPORTING COUNTRIES
Value & Growth
Value & Growth
Re-exports
$ billion
$ billion
Growth
(2000 - 2001)
(2000 - 2001)
170.8
-5%
55.6
-6%
7.6
26%
WORLD MERCHANDISE TRADE (EXPORTS), 1990-2001
Value
($ billion)
($ billion)
Share %
Growth
(1990)
2001
1990-2001
2001
437
(9.3)
7.3
3
1
110
(2.9)
1.8
1
-9
63
(1.6)
1.1
2
-1
616
(10.7)
10.3
5
-8
111
(2.1)
1.9
4
-9
130
(3.1)
2.2
2
-8
595
(8.7)
9.9
7
2
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