According to the Emirates News Agency, exports achieved a significant jump in their value by 22%, recording 155 billion dirhams, despite the many challenges and difficulties that negatively affected the international trade movement.
While the percentage of growth in the value of re-exports reached 4% to reach 420 billion dirhams, and in the value of imports 3% to reach 796 billion dirhams.
Dubai's non-oil foreign trade volume increased in 2019 by 19% to reach 109 million tons compared to 91 million tons in 2018, and the volume of re-export trade recorded a record jump as its quantity increased by 48% to 17 million tons as the volume of exports made a jump Record high by 45% to reach 19 million tons, while imports increased by 9% to reach 72 million tons, to crown Dubai with this strong performance a decade of commercial prosperity.
The growth in the volume of foreign trade shows how Dubai is able to overcome all the difficulties and obstacles that the international economy is witnessing as a result of financial crises and trade wars, as the emirate succeeded in achieving exceptional growth in The value of its foreign trade during the year 2019 and was able to increase the value of its foreign trade during the period from 2010 to 2019 by 52%.
While the growth rate in the volume of this trade during the same period reached about 70%, thanks to a set of important factors, foremost of which are the strength of ties that bring Dubai and its trading partners together, and the continuous work to expand the circle of commercial partnership by discovering and entering new markets around the world, as well as great flexibility The foreign trade sector and its ability to constantly find alternative and new markets to efficiently compensate for the slowdown in the markets of countries experiencing emergency conditions that may affect their economic and commercial performance.
On this occasion, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, stressed that the strong growth of Dubai's foreign trade constitutes an important tributary to support the future economic plans of the emirate, and confirms the success of the steps that Dubai is adopting to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, and the goal set by His Highness to bring its foreign trade to two trillion dirhams during the next five years.
His Highness the Crown Prince of Dubai said .. The foreign trade sector added with this level of growth a new achievement for the economic achievements of Dubai, with which it has established its role as a pivotal platform and a key link for international trade, while reflecting the growth of the Emirate's foreign trade, at a time when global trade is going through great challenges, The extent of Dubai's ability to overcome all obstacles and continue its commercial and economic growth, especially with the beginning of the year of the 50th year in which we are preparing to enter a promising stage of ...
