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Monday, November 25, 2024

Home Business Non-oil trade between UAE, China totalled $468b over 10 years

Non-oil trade between UAE, China totalled $468b over 10 years

by News desk
October 2, 2022
in Business

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The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021, totalling AED223.5 billion by the end of 2021 compared to AED125.1 billion in 2012.

According to figures from the Federal Competitiveness and Statistics Centre (FCSC), during this reporting period, the total value of their non-oil trade exceeded AED1.72 trillion, including imports valued at AED1.53 trillion, non-oil exports valued at AED64 billion, and re-exports valued at AED121 billion.

The FCSC’s figures also showed that the non-oil trade exchange between the UAE and China in the first quarter of 2022 totalled AED118.4 billion, consisting of imports valued at AED102.7 billion.—Zawya News