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Dubai’s non-oil global trade dominated by Asian giants

June 2016

June 14, 2016 | 15:15 | Dubai

Dubai has achieved exponential growth in the total volume of non-oil foreign trade commodities during the first quarter of 2016. According to statistics released by Dubai Customs, the volume of traded goods jumped up 17%, compared to the same period last year, to reach 24 mt.

Dubai continued to show its resilience to global growth challenges and increasing market fluctuations due to the protracted slowdown in virtually all key economies of the world, which further reflects the emirate’s role as a pre-eminent hub for international trade and commerce at the crossroads of Eastern and Western markets.

Highlights: 

  • Mobile phones topped the list of high-value commodities in Dubai’s foreign trade in the first three months of this year with AED 43 billion worth of trade. This supports Dubai’s transformation into the world’s smartest city and its growth as one of the region’s and the world’s major trading hubs for smart ICT products.

Exhibit 1

  • Dubai further diversified its foreign trade markets, while maintaining strong relationships with its largest global trading partners. China topped Dubai’s trading partners with trade worth AED39 billion in Q1 2016. India came second with AED24 billion worth of trade, followed by USA at third place with AED22 billion. Saudi Arabia remained Dubai’s top GCC and Arab trading partner, and fourth largest globally, with a total value of AED14 billion.

Exhibit 2

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