UAE’s non-oil foreign trade at Dh269.5bn in Q1 2016

09/07/2016 (Emirates 24/7 – UAE): The UAE’s direct non-oil trade recorded Dh269.5 billion during the first quarter of 2016, maintaining almost the same figures achieved in Q1 last year, said the Federal Customs Authority (FCA). FCA said its preliminary statistics show that imports, Dh166.1 billion, accounted for more than half of the UAE non-oil foreign trade during Q1 this year, while exports recorded Dh46.8 billion and exports Dh56.6 billion in the same period. The FCA, in a press release, said the UAE non-oil foreign trade during Q1 showed remarkable stability compared with same period last year, despite slowing global economic growth rates and declining imports and exports in several UAE key strategic partner countries because of the global oil price crisis that hit global economy last year. The UAE’s wise policy of economic diversification and building sustainable national industries helped save the UAE status as a world trade hub, and the trade gateway to the near and middle east and north Africa, Commissioner Ali Al Kaabi, the FCA chairman said…

http://www.emirates247.com/business/uae-s-non-oil-foreign-trade-at-dh269-5bn-in-q1-2016-2016-07-09-1.635219

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