Thursday 23 March 2023

Dubai foreign trade in foodstuff tops $12bn in H1

DUBAI, November 13, 2018

Dubai’s external trade in foodstuff recorded Dh44.24 billion ($12 billion) in the first half of 2018, according to recent figures released by Dubai Customs in conjunction with the launch of Gulfood Manufacturing Exhibition 2018 in Dubai.

Imports made Dh27.68 billion, exports touched Dh7.71, and re-exports recorded Dh8.84 billion.

Rice took the lion’s share of foodstuff trade with Dh2.43 billion, followed by milk with Dh2.13 billion, sugar with Dh2.02 billion, nuts with Dh1.71 billion, and chocolate with Dh1.55 billion.

India is Dubai’s biggest partner in foodstuff trade in the first half of 2018 with Dh3.84 billion followed by Iraq with Dh2.57 billion, the US with Dh2.36 billion, and Oman with Dh1.58 billion.

“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.” – TradeArabia News Service

Tags: Dubai | foreign trade | Gulfood | foodstuff |

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