Dubai’s foreign trade in food exceeds AED 44 billion during the first half of 20182018-11-14
Dubai’s foreign trade is witnessing a growing development that strengthens the role of the emirate as a regional and international hub for international trade and solidifies its leading position as a major commercial destination to the world.
The value of Dubai’s foreign trade in foodstuffs in the first half of 2018 amounted to 44.24 billion dirhams, distributed to imports worth 27.68 billion dirhams, exports of 7.71 billion dirhams and re-exports worth 8.84 billion dirhams, according to statistical data issued by Dubai Customs.
Dubai’s foreign trade is dominated by food, with rice coming in at 2.43 billion dirhams followed by milk at 2.13 billion dirhams, followed by sugar worth 2.02 billion dirhams, nuts worth 1.71 billion dirhams and chocolate worth 1.55 billion dirhams.
India was at the top of Dubai’s food trade partners in the first half of 2018 with a value of 3.84 billion dirhams. Food trade with Iraq was 2.57 billion dirhams, with the United States at 2.36 billion dirhams and Oman with 1.58 billion dirhams
“We attach great importance to the food trade as one of the most important sectors of trade to support Dubai’s role as a major platform for trade and food supply to a large number of countries in the Arab region globally,” said Nassim Al Muhairi, Director of Statistics and Studies at Dubai Customs and Enterprise Excellence.
“The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is to stimulate the spirit of creativity and innovation among all employees in the Department to provide the best of their services. Of new ideas and innovations that enable us to delight the dealers.
She added: “We consider Dubai Customs to develop our customs performance during the next phase by developing and using the latest smart applications for information technology and artificial intelligence. The food trade is one of the most important sectors benefiting from the services and facilities provided by the department to traders and investors. Need to speed customs clearance, in conjunction with the completion of procedures to ensure the safety of food, and then reach the consumer with the best specifications