Hyderabad: India became the second largest trading partner with Dubai on non-oil trade in Q1 of 2019. India’s contribution was AED 33 billion (+40% YoY) to the total value traded in Q1 of 2019.
Strong growth was witnessed across the top three trading partners. The top three trading countries by value remained the same as Q1 2018. The biggest trading partner was China, followed by India and the United States.
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These contributed AED 36 billion (+8% YoY), AED 33 billion (+40% YoY) and AED 20 billion (+10% YoY) respectively to the total value traded in Q1 2019. Saudi Arabia was the largest trade partner in the Arab world with AED 13.2 billion worth of non-oil trade in Q1 2019.
Data released by Dubai Customs showed that Dubai’s Q1 2019 non-oil trade volumes increased by 32% to 28 million tons (21 million tons in Q1 2018). Exports rose by 94% to 6 million tons while re-exports surged 41% to 4 million tons and imports rose 16% to 17 million tons.