UAE non oil trade grows 2 to Dh534 billion in 2015 1H

Date

12/1/2015 10:36:47 PM

(MENAFN- The Peninsula)

Abu Dhabi: The UAE non-oil direct trade reached Dh534.1 billion in the first half of 2015 marking a 2 % year-on-year increase from the Dh521.8 billion recorded in the same six months in 2014.

According to a statement issued by the UAE Federal Customs Authority (FCA) non-oil imports reached Dh337.6 billion during the first half of this year a 1 % drop from the Dh340.6 billion recorded in the same period last year.

However non-oil exports from the UAE jumped 28 % reaching Dh81.4 billion with gold exports topping the list at a value of Dh28.7 billion a 35 % increase the UAE daily (Gulf News) reported.

Native gold and processed gold also topped the list of imported goods in H1 2015 recording Dh50.7 billion in trade value representing 15 % of the total non-oil imports.

Vehicles came in second place with a value of Dh24.8 billion (7.3 per cent of all imports) followed by non-composite diamond mobile phones and ornaments and jewellery.

Revenues from re-exports dropped two % to reach Dh115.2 billion in H1 2015.

FCA said that the UAE’s direct non-oil trade remained considerably stable despite tougher economic conditions witnessed by many countries around the world.

Head of FCA Commissioner Ali Al Kaabi said that such economic conditions include slower growth in various advanced and emerging economies especially China which tops the list of UAE’s trade partners.

QNA

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