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India tops UAE's import list in 2010

Dubai: India has topped Dubai imports list with 45 billion dirhams by 19% of the aggregate value, reports PTI quoting statistics revealed by Dubai Customs for the first eight months of 2010.

China came in second with 29 billion dirhams at 12%, followed by the US which contributed 8% to the total imports with a value of 18.7 billion dirhams.

Germany and Japan scored 12 billion dirhams and 11 billion dirhams of imports values, respectively.

Dubai’s non-oil trade continued to grow, as it reached 377 billion dirhams with growth of 18% at the end of August 2010, as compared to 320 billion dirhams during the same period last year.

Customs and Free Zone Corporation and Dubai Customs director general and executive chairman of Ports, Ahmed Butti Ahmed said there are a number of factors which contributed to this rise in Dubai international trade exchange, with the huge logistic services the emirate provides and its advanced infrastructure.

Mr Ahmed Butti stated that Dubai direct exports grew the most at 39% in the last five years exceeding 44 billion dirhams by the end of August 2010.

Re-exporting of non-oil products broke the records during the first eight months this year in comparison with the past five years.

It grew by 20% to 93 billion dirhams, as against 78 billion dirhams to the same period last year.

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