UAE's foreign trade jumps 14%

The UAE's non-oil foreign trade jumped 14% in 2010, according to latest data.

The value of the Opec member's non-oil foreign trade grew to Dh754.4 billion from Dh660.4bn in 2009, a report released on Saturday by the UAE Foreign Trade Ministry (MoFT) showed.

Exports without crude jumped 27 per cent from 2009 to Dh83.1bn, while re-exports grew 26 per cent.

Non-oil imports increased by 8% year-on-year to Dh485.4bn in 2010, the data also showed.

In 2010, India, China and the United States were the key exporters to the UAE.

Re-exports, the bulk of the UAE trade, were led by India, Iran, and Iraq.
 
The top commodities by value were gold, diamonds, cars and telephone sets, MoFT's reports showed.

The report showed that more than a third of the UAE's imports are re-exported.

The figure went up to 38% of imports in 2010, it said.