UAE-China trade exchange surges to AED520.6 billion in 3 years

 China continues to top the list of UAE's major trade partners for the third straight year, with total bilateral trade exchange amounting to AED520.6 billion from 2014 through 2016, according to Ministry of Economy statistics.

India came second followed by the USA, while the Kingdom of Saudi Arabia came fourth and then Germany fifth.

Despite the state of deceleration the world economy is going through, the UAE foreign trade continued to post fair growth, with trade exchange between UAE and China, for example, keeping proportional values over three years, edging down to AED170.2 billion by end of 2016 from AED174.6 in 2015 and AED175.8 billion in 2014.

The UAE-India trade flows totaled around AED386.4 billion over three years, with 2016 reporting the largest value of AED131.8 billion against AED125.8 billion in 2015 and AED128.8 billion in 2014.

The total trade exchange between the UAE and USA amounted to AED312.6 billion from 2014 through 2016, breaking a record last year of AED111.1 billion against AED102.2 billion in 2015 and AED99.3 billion the preceding year.

Bilateral trade exchange with Saudi Arabia, which came fourth on the list of the country's top trade partners, amounted to AED231 billion over three years, with 2015 reporting the height of trade flow value of AED83.8 billion, from AED75.6 billion in 2014 and AED71.6 billion in 2016.

In the fifth position Germany came with a three-year total trade exchange of AED171.8 billion, AED59.1 billion of which was in 2016, AED57.1 billion in 2015 and AED55.6 billion in 2014.

Source: Wam