Dubai’s trade with Saudi Arabia grows 26% to over 30 billion riyals in 6 months

The Dubai government’s Media Office announced that the emirate’s non-oil foreign trade increased 31% year-on-year in the first half of 2021 to 722.3 billion dirhams ($ 196.66 billion).

Exports grew by 45% to AED 109.8 billion, while imports increased by 29.3% to AED 414 billion. Re-export growth from The emirate 28.3% to 198.6 billion dirhams in the first six months of the year.

Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said in a statement that “the development process is proceeding according to its strategic objectives towards the consolidation of Dubai’s position as the global capital of the economy”.

The volume of trade with China, Dubai’s main trading partner, increased by 30.7% to 86.7 billion dirhams, while the volume of trade with India, its second trading partner, grew by 74. , 5% to 67.1 billion dirhams, according to “Reuters”.

Trade with the United States increased by 1% to AED 32 billion, while trade with Saudi Arabia, Dubai’s largest Arab trading partner, grew by 26% to AED 30.5 billion.

Exports recorded a remarkable growth of 45% to reach 109.8 billion dirhams, compared to 75.8 billion dirhams, which strengthens the development of UAE exports. in in line with the objectives of the fifty project strategy, while imports increased by 29.3% to 414 billion dirhams, compared to 320 billion dirhams Re-exports recorded a growth of 28.3% to 198.6 billion dirhams , compared to 154.79 billion dirhams.

The volume of Dubai’s non-oil foreign trade increased in the first half of quest’year by 10%, reaching around 48 million tons, compared to 43.7 million tons in the same period of 2020, and the export volume has jumped record, as their quantity increased by 30.8% to 10.1 million tons, the volume of re-exports recorded a strong growth of 10.6% to reach 7 million tons, while the volume of imports increased by 4.25% to reach 31 million tons.

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