Thursday 2 April 2020
Dubai’s external trade rose 6 percent to USD 373.24 billion (AED 1.37 trillion) in 2019, with exports increasing 22 percent, re-exports 4 percent, and imports 3 percent.
Over the decade 2010-2019, the value of Dubai’s external trade went up by 52 percent thanks to the agility, versatility, and flexibility of the external trade sector, which developed alternative markets and trade paths to make up for sluggish growth in some markets.
Dubai’s foreign trade out of free zones in 2019 was a major contributor to the overall increase, accounting for an 11 percent increase year-on-year.
Land trade grew by 11 percent, air trade by 5 percent, and sea trade by 4 percent.
China remained Dubai’s largest trading partner, followed by India, the US, and Switzerland.
Saudi Arabia maintained its position as Dubai’s largest Arab trade partner and the fifth biggest globally.
The highest traded commodity by value in 2019 was gold, jewelry and diamonds, which grew by 7 percent from 2018.