FINANCIAL NEWS

Dubai’s direct exports jump 23% in 2009

13 Apr 2010

(MENAFN) A report issued by the Dubai Export Development Corporation (EDC) showed that the emirate recorded direct exports worth $14.26 billion, an increase of 22.9 percent from 2008, Khaleej Times reported.

The report in the Dubai Export Monitor 2010 published by the state-owned entity also revealed that imports and re-exports reduced by 27.9 percent and 8.6 percent respectively during the period.

The value of exports of nearly 50 per cent of EDC’s target products such as sugar, cocoa, precious stones and aluminum also increased.

In addition, Dubai exports to 12 out of 27 countries increased while both Dubai exports and re-exports increased from 2008 to 2009, to Brazil, France, Saudi Arabia and Qatar.

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