The UAE's non-oil foreign trade witnessed a growth of 27% during the first half of this year (2021), compared to the first half of last year (2020), and an increase of 6% over the same period in 2019.
According to preliminary official data of the UAE Ministry of Commerce, published today, Wednesday, the UAE's non-oil foreign trade recorded an estimated 900 billion dirhams ($245 billion) in the first half of 2021.
Non-oil exports to the UAE increased in the same period to 170 billion dirhams (46 billion dollars), achieving a growth of 44% compared to the first half of 2020, and an increase of 41% compared to the same period in 2019.
The contribution of non-oil exports to the country’s total non-oil foreign trade during the same period (first half of 2021) increased to about 19%, compared to 16.6% during the first half of 2020 and 14.2% during the first half of 2019.
Re-export activities, which totaled 238 billion dirhams ($64 billion) in the first half of 2021, witnessed a growth of 22% compared to the same period in 2020.
The volume of imports during the same period exceeded 482 billion dirhams (131 billion dollars), a growth of 24% compared to the first half of 2020, and 3% compared to the first half of 2019.
The data showed that the UAE's non-oil trade with the five most important countries witnessed a growth in the first half of 2021, compared to the same period in 2020.
These countries are China, Saudi Arabia, Iraq, Turkey and Italy. As for the top 5 destinations to which non-oil national exports increased during the same comparison period, they included India, Saudi Arabia, Hong Kong, Kuwait and China, while the countries that increased re-exports from the UAE to them included Saudi Arabia, Iraq and Egypt.
No comments:
Post a Comment