Non-oil trade of UAE up 8%

The UAE’s non-oil foreign trade grew eight per cent in January 2012 to Dh78.3 billion on a strong surge in exports. Non-oil exports increased by Dh2.7 billion to Dh10.1 billion, growing by 30 per cent year-on-year, primary statistics of the Federal Customs Agency, or FCA, revealed. Imports rose by 11 per cent, raising non-oil imports from to Dh52.1 billion in January 2012. Re-exports declined by Dh1.4 billion to reach Dh16.2 billion in the same month last year. The increasing growth of the exports reflects better quality and more competitiveness in UAE national products in international markets. The introduction of modern technologies and the policies and incentives adopted by the government enhanced the competitiveness of made in the UAE products, the FCA said. Total foreign non-oil trade climbed up to Dh78.3 billion in January 2012 compared to Dh72.3 billion in January 2011, Dh72.3 billion in January 2011, with an increase of eight per cent. From : Khalij