Dubai’s non-oil external trade grows 10% to $96.3bln in Q1 2021

Dubai’s non-oil external trade grows 10% to $96.3bln in Q1 2021

DUBAI - Dubai's economy has proved its resilience and ability to recover quickly from the global repercussions of the COVID-19 pandemic by achieving high levels of external non-oil trade growth in Q1 2021. Dubai's foreign trade this quarter touched AED354.4 billion growing 10% from AED323 billion in the corresponding period in 2020, and 5% compared to Q1 2019. This reflects a rapid return to recovery and growth in the external trade sector and an ability to adapt to drastic changes in the international trade environment. Exports grew 25% to AED50.5 billion, representing a volume of 5 million tonnes, a rise of 20%, and imports accounted for AED204.8 billion, growing 9%. The value of re-exports reached AED99 billion, growing 5.5%. Commenting on the outstanding growth, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai said: "This remarkable performance reflects our external trade sector's impressive resilience and its ability to rebound and grow in the face of major international crises. Inspired by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we have always turned