City of Dubai Reports Strong Import/Export Numbers for 2018
For the first half of 2018, chocolate, nuts and milk are among the items that contributed to impressive AED figures recently reported by Dubai Customs in conjunction with Gulfood Manufacturing exhibit this week. The largest partner was identified as India in regards to foodstuff trade.
“Promoting external trade in support of national economy is a priority for us at Dubai Customs following the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai,” said Nassim Al Mehairi, Manager of Statistics Section at Dubai Customs “We facilitate the business by introducing the latest and best services in clearing cargo to help a better trade flow of food products from and into the country. Dubai has become an essential trade corridor for foodstuffs in the region, owing to its advanced infrastructure and efficient customs services.”
According to the report, “Imports made AED 27.68b, exports touched AED 7.71, and re-exports recorded AED 8.84b” (Dubai Customs).
From most significant to least in specifics, the leader in share was rice at AED 2.43b, milk at AED 2.13b, sugar at AED 2.02b, nuts and chocolate closely next to each other, slightly under AED 1.75b.
The United States came in second to last in front of Oman as Dubai’s sized foodstuff trade partner. Between the combined imports, exports and re-exports, the city of Dubai boasts AED over 44.20b for the first half of 2018.
As reports are finalized for the second half of 2018, industry experts look forward to the results and ending numbers for fiscal year 2018 for Dubai and the next steps taken to leverage this momentum.
Source: Dubai Customs