India tops in Dubai's trade

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Dubai, May 27: India has topped the list of Dubai's import and export destinations in the first quarter of 2008. The country topped the list of Dubai's direct import sources with a share of 13.14 per cent worth Dh12.6 billion (Rs 130 billion). China came second with Dh10.7 billion, followed by Switzerland with Dh7.2 billion.

India, China and Switzerland together accounted for 31.8 per cent (Dh30.5 billion) of Dubai's imports, while imports from other countries accounted for 68.2 per cent (Dh65.6 billion). As for Dubai's exports, India again topped the list with 45.7 per cent worth Dh4.7 billion during the first quarter. India maintained its position as the largest re-export destination with 31.8 per cent (Dh11.9 billion). Iran came second.

The latest statistics, compiled by Dubai World's Statistics Department, shows that Dubai's direct non-oil foreign trade, excluding free zones and customs warehouses, amounted to Dh143.8 billion (about 39.2 billion dollars) during the period, up by about 14.2 billion dollars over the same period in the previous year.

UNI

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