UAE's non-oil foreign trade hits AED 1.3trn in 9M

SourceMubasher
SectorEconomy
CountryUAE

UAE – Mubasher: The UAE's non-oil foreign trade recorded around AED 1.33 trillion during the first nine months of 2020, the Emirates News Agency (WAM) reported. The UAE's non-oil exports and re-exports reached AED 191.32 billion and AED 269.10 million, respectively, during the January-September period of 2020, as shown by the latest data of the Federal Competitiveness and Statistics Authority (FCSA). Meanwhile, the non-oil imports recorded AED 572.88 billion in the first nine months of 2020. China led the UAE's non-oil trade partners with AED 124.45 billion, followed by Saudi Arabia with AED 90.8 billion, India with AED 70 billion, and the US with AED 60.08 billion. It is noteworthy to mention that during the first quarter (Q1) of 2020, the UAE's non-oil foreign trade registered a 3% decrease to AED 383.4 billion, compared to AED 396 billion in the same quarter of 2019. ...read more...