UAE: Non-Oil Trade Value Reaches $179 Million in H1

SourceAl Bawaba

This signals the continued activity of the economic sectors despite the slowdown in economic and commercial activities during the past months worldwide, as a result of temporary closures due to Covid-19, said the FCSC.   Gold topped the list of non-oil commodities trade at AED104 billion, making 15.7 percent of the total trade in H1 of the current year, it stated.   According to figures, imports stood at AED378.8 billion in H1 of 2020 against AED116.7 billion for exports and AED 162.7 billion for re-exports.   With regards to the trade partners, the FCSC's figures showed that China emerged as the largest trading partner with a trade value of AED82.4 billion, followed by Saudi Arabia at AED46.6 billion.   The value of the trade with five major trading partners, China, Saudi Arabia, India, United States and Switzerland reached more...