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Dubai, a regional business and tourism hub, said its non-oil foreign trade strongly rebounded from the challenges posed by the Covid-19 pandemic that disrupted business activity globally.
Dubai’s foreign trade reached Dh1.182 trillion last year, boosted by its economic recovery in the second half of the year, the Government of Dubai Media Office said in a statement on Saturday. Prior-year figures were not provided. The exceptional growth performance of Dubai’s external trade sector reflects the emirate’s impressive resilience and its ability to recover and grow amidst international crises, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai said. This growth has been made possible by robust governance and the stimulus packages the Dubai government.
Dubai s non-oil foreign trade surges to $321bn in 2020 tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Dubai s non-oil foreign trade touches Dh1 trillion in 2020
Staff Report/Dubai
Figures show non-oil foreign trade strongly rebounded from the challenges of Covid.
Dubai’s non-oil foreign trade in 2020 touched Dh1.182 trillion, strongly rebounding from the challenges posed by the global economic repercussions of Covid-19 and the suspension of business activity by countries across the world in the first half of last year.
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. The overall value of exports in 2020 grew 8 per cent to Dh167 billion while imports accounted for Dh686 billion and re-exports totalled Dh29 billion.
Dubai: Non-Oil Foreign Trade Hits Dh1 Trillion in 2020 Published April 10th, 2021 - 04:00 GMT
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. (Shutterstock)
Highlights
Figures show non-oil foreign trade strongly rebounded from the challenges of Covid.
Dubai’s non-oil foreign trade in 2020 touched Dh1.182 trillion, strongly rebounding from the challenges posed by the global economic repercussions of Covid-19 and the suspension of business activity by countries across the world in the first half of last year.
Total trade volume in 2020 reached 100 million tonnes, driven by a 6 per cent year-on-year volume growth in the second half of the year. The overall value of exports in 2020 grew 8 per cent to Dh167 billion while imports accounted for Dh686 billion and re-exports totalled Dh29 billion.
Dubai s non-oil external trade reaches Dh1 182 trillion in 2020 gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.