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Dubai-India trade reaches $21 bn in 2012
Thursday September 27, 2012 08:25:17 AM,
WAM
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Dubai:
India ranked first among Dubai's major trade partners during the
first six months of 2012, with the value of trade between the two
sides reaching 77 billion dirhams (about $21 billion).
The figure accounted for 13 percent of the total value of Dubai's
foreign trade, which stood at 602 billion dirhams during the same
period, Ahmed Butti Ahmed, the director general of Dubai customs,
said.
The total value of Dubai's imports from India, which included
diamonds, jewellery, electronic devices and mineral oil, reached
35 billion dirhams during the first six months of 2012.
While the value of its exports to India, mainly gold, diamonds,
jewellery and copper wires, stood at 19 billion dirhams during the
same period.
The value of Dubai's re-exports to India, mainly diamonds,
jewellery and silver, was 22 billion dirhams.
Ahmed stressed that Dubai's trade relationship with India has been
witnessing a considerable growth mainly due to the distinctive
ties between the governments and people of the two countries and
the joint economic agreements.
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