Dubai: India has emerged as DubaiIt is the second largest trading partner after China, touching 38.5 billion dirhams in the first half of 2021, according to official figures released on Sunday.
According to a statement from the Dubai government, the emirate had a trade of 86.7 billion dirhams with China in the first half of 2021, followed by India and the US in the third place.
Trade with India grew 74.5% year-on-year to 67.1 billion dirhams, from 38.5 billion dirhams in H1 2020.
China registered a year-on-year growth of 30.7%, with total trade with Dubai at 66.3 billion dirhams in H1 2020.
In H1 2021, the United States traded 32 billion dirhams with Dubai, up 1% annually from dirhams 31.7 billion.
Saudi Arab H1 came in fourth place with 30.5 billion dirhams, an increase of 26% from 202pti0, followed by Switzerland with 24.8 billion dirhams.
The five largest trading partners had a total share of 241.21 billion dirhams in H1 2021, an increase of 30.34 percent compared to 185.06 billion dirhams in H1 2020.
Gold tops the list of commodities in Dubai’s H1 external trade at 138.8 billion dirhams (19.2% of Dubai trade), followed by telecommunications at 94 billion dirhams (13 percent).
Diamonds ranked third on the list with 57.3 billion dirhams (8 percent), followed by jewelery with 34.1 billion dirhams (4.7 percent) and vehicle trade with 28 billion dirhams (4 percent).
Dubai’s non-oil external trade grew 31% in the first half of 2021 to dirhams 722.3 billion from 550.6 billion dirhams in the same period in 2020.
Exports grew 45% annually from dirhams 75.8 billion to 109.8 billion in H1 2021, supporting the goal of the 10 x 10 program (the country’s ‘one in 50 projects’ initiative) to increase UAE exports to 10 global Is. market 10% annually.
Imports grew 29.3% year-on-year from 320 billion dirhams to 414 billion dirhams. Re-exports rose 28.3% year-on-year to dirhams 198.6 billion from 154.79 billion dirhams.
sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Prince The Chairman of the Executive Council of Dubai said that Dubai has cemented its position as one of the fastest growing business centers in the world.
“Dubai’s existing maritime and air network will be expanded to cover 200 new cities around the world. We are confident that we will continue our growth momentum to achieve our ambitious sustainable development projects and plans.”
According to a statement from the Dubai government, the emirate had a trade of 86.7 billion dirhams with China in the first half of 2021, followed by India and the US in the third place.
Trade with India grew 74.5% year-on-year to 67.1 billion dirhams, from 38.5 billion dirhams in H1 2020.
China registered a year-on-year growth of 30.7%, with total trade with Dubai at 66.3 billion dirhams in H1 2020.
In H1 2021, the United States traded 32 billion dirhams with Dubai, up 1% annually from dirhams 31.7 billion.
Saudi Arab H1 came in fourth place with 30.5 billion dirhams, an increase of 26% from 202pti0, followed by Switzerland with 24.8 billion dirhams.
The five largest trading partners had a total share of 241.21 billion dirhams in H1 2021, an increase of 30.34 percent compared to 185.06 billion dirhams in H1 2020.
Gold tops the list of commodities in Dubai’s H1 external trade at 138.8 billion dirhams (19.2% of Dubai trade), followed by telecommunications at 94 billion dirhams (13 percent).
Diamonds ranked third on the list with 57.3 billion dirhams (8 percent), followed by jewelery with 34.1 billion dirhams (4.7 percent) and vehicle trade with 28 billion dirhams (4 percent).
Dubai’s non-oil external trade grew 31% in the first half of 2021 to dirhams 722.3 billion from 550.6 billion dirhams in the same period in 2020.
Exports grew 45% annually from dirhams 75.8 billion to 109.8 billion in H1 2021, supporting the goal of the 10 x 10 program (the country’s ‘one in 50 projects’ initiative) to increase UAE exports to 10 global Is. market 10% annually.
Imports grew 29.3% year-on-year from 320 billion dirhams to 414 billion dirhams. Re-exports rose 28.3% year-on-year to dirhams 198.6 billion from 154.79 billion dirhams.
sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Prince The Chairman of the Executive Council of Dubai said that Dubai has cemented its position as one of the fastest growing business centers in the world.
“Dubai’s existing maritime and air network will be expanded to cover 200 new cities around the world. We are confident that we will continue our growth momentum to achieve our ambitious sustainable development projects and plans.”
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