Dubai’s non-oil external trade grew 31% y-on-y to Dhs722bn in H1 2021

Dubai’s non-oil external trade grew 31% y-on-y to Dhs722bn in H1 2021

Dubai’s non-oil external trade in the first half of 2021 reached Dhs722.3bn, up 31 per cent from Dhs550.6bn it recorded in the corresponding period in 2020. Exports grew 45 per cent year-on-year in H1 2021 to Dhs109.8bn from Dhs75.8bn, in line with the 10 x 10 programme (one of the nation’s ‘Projects of the 50’ initiatives) to increase the UAE’s exports to 10 global markets by 10 per cent annually. Imports rose 29.3 per cent year-on-year to Dhs414bn from Dhs320bn. Re-exports grew 28.3 per cent to Dhs198.6 from Dhs154.79. The volume of Dubai’s non-oil external trade in the first half of 2021 rose 10 per cent to 48 million tonnes compared to 43.7 million tonnes in H1 2020. Exports skyrocketed 30.8 per cent year-on-year to reach 10.1 million tonnes. Re-exports totalled 7 million tonnes growing by 10.6 per cent, and imports rose by 4.25 per cent to 31 million tonnes. China maintained its position as Dubai’s biggest trading partner in H1 2021 with Dhs86.7bn worth of trade, up 30.7 per cent compared to Dhs66.3bn in H1 2020. Trade with India also grew 74.5 per cent year-on-year to Dhs67.1bn from Dhs38.5bn. Trade with the US amounted to Dhs32bn up 1 per