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22 April 2024

UAE-Turkey trade at Dh33.3bn

By Wam

Trade exchange between the UAE and Turkey reached Dh33.3 billion in the first eight months of 2012 driven primarily by record growth of UAE's non-oil exports to Dh8.5bn, which was three-fold the UAE's exports to Turkey in 2011, according to a study released by the Ministry of Foreign Trade.

“UAE's re-exports hit a record high at Dh1.2bn while imports stood at Dh23.6bn.

“UAE's trade with Turkey constituted 4.9% of the total UAE's non-oil trade in the January-August period of 2012,” the study said.

The study noted the positive shift in Turkey's position as a trade partner to the UAE from 17th rank in 2011 to the fifth rank in the said period.