Off the wire
Roundup: Senior Fijian diplomat elected UN General Assembly president  • Belgium 0 Italy 2 - result (updated)  • Leading scorers of Euro 2016 after Monday' s matches  • UN chief calls Orlando shooting "despicable, contrary to UN values"  • Euro 2016 standings after Monday' s matches  • News Analysis: Experts rule out 3rd general elections in Spain  • China advocates for complete prohibition of nuclear weapons  • Euro 2016 results on Monday  • Statistics of Belgium vs Italy in Euro 2016 Group E  • U.S. stocks extend losses ahead of Fed meeting  
You are here:   Home

China remains Dubai's top trading partner in Q1 2016

Xinhua, June 14, 2016 Adjust font size:

China topped Dubai's trading partners with bilateral trade totaling 39 billion dirham (10.6 billion U.S. dollars) in the first quarter of 2016, Dubai Customs said here on Monday.

India followed second with 24 billion dirham (6.5 billion dollars) worth of trade. The United States came third with 22 billion dirham (six billion dollars).

China became Dubai's biggest trade partner in 2014, when it surpassed India for the first time with bilateral exchange hitting 175 billion dirham (47.7 billion dollars).

Over 4,000 Chinese firms run branches in the UAE, according to official reports.

As one of seven sheikhdoms forming the United Arab Emirates (UAE), Dubai harbors the biggest free port in the Middle East and is considered the trade and business hub of the Gulf Arab state.

Dubai registered growth of 319 billion dirham (86.9 billion dollars) of non-oil foreign trade commodities in the first quarter, UAE state news agency WAM quoted Dubai Customs figures as stating.

The volume of traded goods jumped by 17 percent year-on-year to 24 million tons, resulting from soaring re-export commodities and export goods. Endit