Dubai's foreign trade records $ 150 billion in 6 months

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Dubai said yesterday that the foreign trade sector has largely avoided the difficulties currently facing the global economy. As the value of its non-oil foreign trade recorded in the first half of 2020 about 551 billion dirhams (150 billion dollars), distributed into imports worth 320 billion dirhams (87.1 billion dollars), exports worth 77 billion dirhams (20.9 billion dollars), and re-exports worth 154 billion dirhams ($ 41.9 billion).

The Gulf Emirate stated that the amount of goods in its foreign trade reached 44 million tons during this period, distributed by 30 million tons of imports, 8 million tons of exports, and 6 million tons of re-exports.

Sultan Bin Sulayem, Chairman and CEO of Dubai Ports World Group and Chairman of the Ports, Customs and Free Zone Corporation, said, the foreign trade sector during the first half of this year, which was the height of the current global crisis, proved its ability to achieve an advanced level of performance despite the existing challenges. Affecting most of the world's economies; This is due to its great flexibility in dealing with global markets and transferring its operations very quickly to the markets less affected by the economic crisis in order to maintain a large volume and high value of trade exchange with the countries of the world; What enables it to start again and with great force once the repercussions of the global economic crisis recede.

Ahmed Musabah, Director General of Dubai Customs, confirmed that foreign trade benefited from the implementation of economic stimulus packages and the development of customs services. This amounted to 7.2 million transactions, and the department continued to develop new initiatives and projects.

According to the data, Dubai's foreign trade witnessed a significant improvement in the months of May and June compared to the month of April of 2020, during which general lockdown measures were applied in most countries of the world to confront the Covid-19 epidemic.

Dubai's foreign trade maintained the diversification of its global and regional markets. China came in the center of the first trade partner of Dubai with trade amounting to 66.4 billion dirhams ($ 18 billion), followed by India in the second trade partner center of Dubai with a value of 38.5 billion dirhams (10.4 billion dollars), then the states. The United States of America with a value of 31.7 billion dirhams (8.6 billion dollars), Switzerland is in the fourth trade partner center with a value of 24.3 billion dirhams (6.6 billion dollars), and Saudi Arabia is in the first trading partner position of Dubai in the Gulf and Arab countries and the fifth trade partner in the world with trade amounting to 24.1 billion dirhams (6.5 billion Dollars).

Gold, diamonds and jewelery were ranked first among goods in Dubai's foreign trade, with gold, diamond and jewelery trade reaching 140 billion dirhams ($ 38.1 billion), followed by landlines, mobile and smart phones with a value of 70 billion dirhams ($ 19 billion), then cars. In third place, with a value of 25.6 billion dirhams (6.9 billion dollars).

The amount of trade in foodstuffs witnessed a growth in the first half by 15 percent to reach 9.1 million tons at a value of 32 billion dirhams (8.7 billion dollars), and trade in medicines and medical supplies achieved a growth of 19 percent to reach 12.4 billion dirhams (3.3 billion dollars). .