Dubai's non-oil foreign trade grows

Dubai, Sep 11 (IANS/WAM) Dubai's foreign trade growth has reached a new peak in the first half of 2013, as the value of its non-oil foreign trade has surged to 679 billion dirhams.

This represents a 16 percent growth from the same period last year, when the non-oil trade value was 584 billion dirhams.

This growth was powered by a rise in exports by 22 percent, which represents a climb from 69 billion dirhams to 84 billion dirhams.

Imports also registered a remarkable increase of 16 percent, rising to 406 billion dirhams compared to 349 billion dirhams.

Re-export trade recorded a growth rate of 13 percent, climbing from 166 billion dirhams to 188 billion dirhams.

Dubai's foreign trade growth accelerated from nine percent in the first half of 2012 to 13 percent for the entire year.

--IANS/WAM

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