India remains as Dubai's top export destination Wednesday, December 13, 2006 04:48 [IST]
Dubai: India remained Dubai's top export destination with
transaction worth Dh 3.43 billion, as the emirate's total non-oil trade during
the first nine months of 2006 grew by 10 per cent to Dh 231 billion.
China, with exports worth
Dh19.80 billion, tops the list of the leading trading partners followed by India,
with an export bill of Dh 17.10 billion.
Imports formed the largest part of Dubai's
non-oil foreign trade reaching Dh 158.78 billion, with diamonds, precious
stones, semi-precious stones and precious metals topping the list with imports
worth Dh 34.46 billion.
Industrial equipment, machinery, electronics and spare parts accounted for Dh
20.44 billion of imports, followed by the automotive industry, at Dh 16.02
billion.
A report compiled by Dubai World's Department of Statistics attributed the
increase to general cross-sector growth in the economy, and particularly in the
real estate market.
The diamonds, precious stones and precious metals trade also led the export
list recording transaction valued at AED 3.23 billion, followed by aluminum and
related products at Dh 1.93 billion and sugar and confectionery items fetched
AED 860 million in export orders.
The report placed China with
exports worth Dh 19.80 billion at the top of the pile of exporters to Dubai, followed by India (Dh17.10 billion). Other
major exporter to Dubai are the US (Dh 11.50 billion), Germany (Dh11.14 billion), and Japan (Dh10.66 billion).
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