UAE non-oil trade grows to Dh412.5b in 5 months

The UAE’s non-oil foreign trade maintained positive growth rates in the first five months of this year. The FCA initial statistics showed that the growth rate in the UAE non-oil foreign trade reached 10 per cent in this period compared to the same period in the last year. The total non-oil foreign trade rose by Dh35.9 billion to Dh412.5 billion compared to Dh376.6 billion in the period of comparison. The imports increased by 13 per cent from early January to late May this year, raising the UAE non-oil exports by Dh31.3 billion from Dh 238.4 billion in 2011 to Dh 269.7 billion in the same period of this year, the FCA said in a press release. The authority highlighted that the exports grew within the above period by 38 per cent from Dh43.8 billion to Dh60.5 billion, while re-exports hit Dh82.4 billion in this period. In terms of weight, the UAE total foreign trade hit about 44.8 million tonnes in 2012 January- May, including 23.1 million tonnes in imports, 17.7 million tonnes in exports and 3.9 million tonnes in re-exports. The daily average weight of consignments (exported, imported and re-exported) processed by different customs outlets hit about 187 thousand tons per day (23 thousand tons per hour).   From khaleejtimes