Non-oil trade up 2.3% in Q1

The UAE non-oil foreign trade maintained an impressive growth in the first quarter of 2012, according to statistics released by the Federal Customs Authority (FCA).

It showed that the growth rate of UAE exports hit 38% in the said quarter, raising the exports to AED 34.3bn compared to Dh24.8bn in the same period last year with an increase of Dh9.5bn.

In the same period, the UAE imports rose to 6%, raising the UAE non-oil imports by Dh8.9bn. The previous year recorded as Dh147bn in the first quarter while this year it was Dh156.3bn. The re-exports reached Dh47.8bn within this period.

“The growth rate of the UAE non-oil foreign trade hit 2.3% in the first quarter of this year”, the FCA said.

“Preliminary statistical data showed that the UAE total non-oil trade with foreign countries rose by Dh5.4bn to Dh238.4bn from January to late March 2012, compared to Dh233bn in the same period last year.

In terms of weight, the UAE total foreign trade hit about 23.4 million tonnes in the first quarter of 2012, including 13.1 million tonnes in imports, 8.4 million tonnes in exports and 2.3 million tonnes in re-exports, the FCA said.

The daily average of consignments- imported, exported and re-exported- processed by different customs outlets hit about 99 thousand tons per day with an average of 12 thousand tones per hour.

“The UAE non-oil trade with the outside world hit about Dh83.5bn in March 2012 only; Dh54.7bn in imports, Dh12.2bn in exports and Dh16.6bn of re-exports”, the FCA said.

By WAM, September 30, 2012