Despite the global economic slowdown and COVID-triggered lockdowns, UAE’s non-oil trade amounted to AED1.033 trillion during the first nine months of 2020, statistics by the Federal Competitiveness and Statistics Centre showed today.<\/p>\n\n\n\n
The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade and remarkable leap in exports and re-exports during September, at a value of AED76.35 billion.<\/p>\n\n\n\n
From January to September 2020, imports amounted to AED572.888 bn, while the value of exports reached AED191.322 bn and re-exports increased to AED269.104 bn, according to the FCSC’s statistics.<\/p>\n\n\n\n
China is the country’s top trading partners with a total trade of AED124.45 bn, followed by Saudi Arabia, AED90.8 bn, India, AED70 bn, US, AED60 bn, and Switzerland, AED41 bn.<\/p>\n\n\n\n
Gold topped the list at around AED182 bn, followed by phone and other cellular devices at AED105 bn.<\/p>\n\n\n\n
According to Ministry of Economy’s statistics, the UAE ranks third globally, and leads Arab region in terms of re-exports, coming among top 20 import & export countries worldwide in 2019, during which non-oil trade grew 5 percent, contributing significantly to the country’s non-oil GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite the global economic slowdown and COVID-triggered lockdowns, UAE’s non-oil trade amounted to AED1.033 trillion during the first nine months of 2020, statistics by the Federal Competitiveness and Statistics Centre showed today. The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade …<\/p>\n","protected":false},"author":2,"featured_media":29690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-29689","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economy","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/29689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=29689"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/29689\/revisions"}],"predecessor-version":[{"id":29691,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/29689\/revisions\/29691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/29690"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=29689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=29689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=29689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}