UAE's non-oil foreign trade climbs 14 percent in 2010

According to the latest report of UAE Foreign Trade Ministry (MoFT), UAE non-oil foreign trade has climbed 14 percent in 2010 to Dh754.4 billion from Dh660.4bn in 2009. Exports without crude jumped 27 percent from 2009 to Dh83.1bn, while re-exports grew 26 percent. Non-oil imports increased by 8 percent year-on-year to Dh485.4bn in 2010, the data also showed. In 2010, India, China and the United States were the key exporters to the UAE. Re-exports, the bulk of the UAE trade, were led by India, Iran, and Iraq. The top commodities by value were gold, diamonds, cars and telephone sets, MoFT's reports showed. The report showed that more than a third of the UAE's imports are re-exported. The figure went up to 38 percent of imports in 2010, it said.