Resilient Dubai economy clocks Dh323b in external trade

Resilient Dubai economy clocks Dh323b in external trade

The ability of Dubai's external trade sector to overcome challenges caused by the pandemic reflects its robust and resilient economy.. The Dubai economy has remained resilient to global economic headwinds caused by the negative impact of the Covid-19 pandemic.. Dubai's external trade in the first quarter of 2020 reached Dh323 billion.. Exports grew 2 per cent to Dh43 billion compared to the corresponding quarter last year.. The volume of Dubai's external non-oil trade reached 24 million tonnes - imports accounted for 16 million tonnes, exports 4.2 million tonnes, and re-exports 3.6 million tonnes.. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, said: "Dubai has demonstrated its economic resilience amidst the global Covid-19 crisis.. Though the pandemic has impacted markets around the world, Dubai's external trade has been able to maintain its momentum thanks to the diversity of its markets and its ability to adapt to global changes, trends and needs.. Sheikh Hamdan added: "To support businesses during this difficult time, we announced a stimulus package plan which included a refund of 20 per cent of the customs fees imposed on imported products sold locally in Dubai markets from 15 March