The value of Dubai’s non-oil foreign trade amounted to AED 99 billion during July this year.
This figure includes direct trade, which amounted to AED 66 billion, free zones trade, which recorded AED 32 billion, and customs warehouses, which accounted for AED 1 billion.
According to the statistical data produced by the Statistics Section at the Strategy and Corporate Excellence Department of Dubai Customs, the value of imports in July, 2012 amounted to AED 58 billion, exports were valued at AED 16.4 billion, and re-exports reached AED 24.6 billion.
India was ranked as Dubai’s top trading partner in July of this year, achieving a total trade value of over AED 12 billion representing %12 of the total Dubai foreign trade. China came second place with a value of AED 9.4 billion (10%), followed by Turkey with a value of AED 8.3billion (8%), Switzerland came fourth with a value of AED 8.1 billion (8%), followed by the USA with trade worth AED 4.8 billion (5%).
According to the report, the value of Dubai trade exchange with Gulf Cooperation Council (GCC) states reached AED 7.3 billion during July this year, with the Kingdom of Saudi Arabia topping the list with a trade value of AED 3.3 billion, followed by the Sultanate of Oman with a value of AED 1.6 billion, then Kuwait with a trade worth of AED 1.2 billion, Qatar with AED 681 million and finally Bahrain with AED 476 million.
Dubai imports from GCC countries reached AED 1.3 billion, while exports to these five countries accounted for AED 1.2 billion and re-exports for AED 4.8 billion.
Concerning the most important goods that constituted the Dubai foreign trade movement for July of this year, gold is the most valuable trade for the city with imports worth a total of 13.5 billion, followed by telecommunication networks equipment at AED 4.8 billion, diamond at AED 2.8 billion, jewellery at AED 2.6 billion and vehicles at AED 2.5 billion.
Whereas in the Dubai export list in July, 2012 , gold came at the top with AED 10.2 billion, followed by diamonds with AED 2 billion, then jewellery with AED 349 million, aluminium with AED 345 million, and finally petroleum oil with a value of AED 182 million.
Telecommunication networks equipment topped the Dubai re-exporting list during the same period with AED 3.8 billion, jewellery came second place with a value of AED 2.3 billion, followed by gold with a value of AED 2 billion, then IT hardware with a value of AED 1.7 billion, and finally vehicles with a value of AED 1.2 billion.