UAE non-oil exports hits $35bn in nine months
DUBAI, 12 days ago
The UAE's non-oil exports during the first nine months of 2016 rose to Dh128.7 billion ($35 billion), up 5.6 per cent over Dh121.8 billion ($33 billion) the previous year, state news agency WAM reported.
The value of national non-oil commodity exports increased by around Dh6.9 billion during the nine-month period, said the report, citing data from Federal Competitiveness and Statistics Authority (FCSA).
The total value of the UAE’s foreign trade for first nine months surged 2.8 per cent to hit Dh813.7 billion, compared to Dh791.6 billion for the same period in 2015, it added.
According to FCSA, the imports represented a large percentage of the country’s non-oil trade with the outside world, with the data indicating that its value reached Dh520.9 billion in the first nine months compared to Dh503.6 billion during the same period in 2015.
As for the total size of commercial trade till September 2016, the data states that Asian non-Arab countries took first place in terms of the value of commercial trade, totalling Dh328.7 billion, or 40.4 per cent of the total of the value of the country’s external trade.
The total trade value with GCC countries surged to Dh73.4 billion, up 9 per cent over the country’s total foreign trade, compared to Dh79.1 billion during the same period of 2015, it added.