UAE non-oil foreign trade hits AED 1.6tn

Dubai – Mubasher: The UAE’s non-oil foreign trade recorded AED 1.612 trillion ($440 million) in 2017, compared to AED 1.599 trillion a year earlier.

The weight of the GCC country’s non-oil foreign trade reached 220.3 million tonnes last year, according to a report released on Thursday by the Federal Customs Authority (FCA).

Meanwhile, the UAE's imports declined 2% year-on-year to around AED 1 trillion, while re-exports surged 11% to AED 443.1 billion, compared to AED 400.4 billion in the year-ago period.

Exports registered AED 189.8 billion in the last four quarters, the FCA’s data showed.

Asia, Australia, and the Pacific Ocean region topped the GCC nation’s trade partners, with a total value of AED 666 billion.

Europe-UAE bilateral trade hit AED 332.7 billion, while the UAE’s trade with the GCC region recorded AED 167.2 billion.

Mubasher Contribution Time: 19-Apr-2018 14:36 (GMT)
Mubasher Last Update Time: 19-Apr-2018 14:44 (GMT)