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Dubai non-oil trade with South Korea hits $7.47bn

DUBAI, March 26, 2018

Dubai's non-oil external trade with South Korea grew eight percent in 2017 compared to 2016 to reach Dh27.43 billion ($7.47 billion), a Wam news agency report said.
 
Out of the total non-oil trade, Dh22.1 billion was in imports, Dh4.47 billion in exports and Dh866 million in re-exports, it said.
 
South Korea is Dubai’s eighth biggest trade partner in imports and ninth in exports.
 
Ahmed Abdul Salam Kazim, director of strategy and corporate excellence, said: "Trade with South Korea is gaining more and more weight and value especially after signing the AEO mutual recognition agreement with them. This helps unfold horizons of mutual trade and facilitation between us which includes carrying out the clearance process before the arrival of cargo to the port."
 
"The visit of the South Korean President Moon Jae-in to the UAE is an indication of the solid relationship between the two states and will explore opportunities between the two countries in the realms of energy, healthcare, science, space and technology. Following the wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, we, at Dubai Customs, work hard to enhance relations with Korean diplomatic missions and businesses in support of trade activity," he added.
 
 



Tags: Dubai | Korea | Trade |

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